SKIL Infrastructure Limited has informed the Exchange regarding Un-audited Standalone and Consolidated Financial Results of the Company for the quarter ended on December 31, 2025, pursuant to the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Awaiting price reaction for this filing.
SKIL Infrastructure, which is under Corporate Insolvency Resolution Process (CIRP) since February 2024, submitted its unaudited Q3 FY26 results. The company has zero revenue from operations; all income is 'other income'. Standalone profit from operations was Rs 175.58 lakhs (vs loss of Rs 9.47 lakhs in Q3 PY), driven mainly by a Rs 192.79 lakhs reversal of investment write-off in associate Rosoboronservices at a nominal Rs 1 value. Consolidated profit was Rs 174.44 lakhs. For the 9-month period, the company reported a profit of Rs 4,649.90 lakhs, though prior year 9M showed a massive loss of Rs 3,05,223 lakhs due to a one-time exceptional loss from capital reduction in UIHPL (Rs 16,003 lakhs received against earlier carrying value of Rs 3,17,850 lakhs). The auditor (AMS & Co LLP) issued a qualified conclusion, citing issues with unreconciled intercompany balances (Rs 16.19 lakhs difference with subsidiary SKAD), missing bank confirmations, and deconsolidation timing issues. The auditor explicitly flagged a material going concern uncertainty due to ongoing CIRP.
Despite headline profitability, the company has no operating revenue and remains under CIRP with the Committee of Creditors now constituted and a Resolution Plan pending. The going concern uncertainty flag, qualified audit conclusion, and absent bank confirmations signal serious operational and financial health concerns. Shareholders should expect high volatility and await clarity on the insolvency resolution outcome rather than relying on the nominal Q3 profit.