Net profit of Skipper declined 63.99% to Rs 17.77 crore in the quarter ended March 2019 as against Rs 49.35 crore during the previous quarter ended March 2018. Sales declined 26.90% to Rs 433.39 crore in the quarter ended March 2019 as against Rs 592.85 crore during the previous quarter ended March 2018.

For the full year,net profit declined 73.50% to Rs 31.21 crore in the year ended March 2019 as against Rs 117.76 crore during the previous year ended March 2018. Sales declined 9.78% to Rs 1870.87 crore in the year ended March 2019 as against Rs 2073.72 crore during the previous year ended March 2018.

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Skipper announced that the Board of Directors of the Company at its meeting held on 22 May 2019, has recommended a Final dividend of Rs.0.25 per share (i.e.25%), subject to the approval of the shareholders.

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Skipper will hold a meeting of the Board of Directors of the Company on 22 May 2019.

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Skipper announced that CARE Ratings has revised the ratings of the company as under -

Long term bank facilities - CARE A; Negative (Revised from CARE AA-; Stable)

Long/short term bank facilities - CARE A1 (Revised from CARE A1+)

Commercial paper - CARE A1 (Revised from CARE A1+)

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