The company reported a forex loss of Rs 19.45 crore in Q4 March 2020 due to sharp depreciation of rupee, which impacted the profitability. The company stated that this impact is largely notional.
Skipper's order book as on 31 March 2020 stood at Rs 2011 crore, which constituted 30% exports and 70% domestics orders. The company has a strong bidding pipeline of Rs 5150 crore and it expects a substantial rise in the volume of international orders in the current fiscal. The management expects the international business share in order book to rise to 50% in next 2 year.
Skipper is one of the leading companies in the power transmission & distribution and the polymer segment.