The Board of Directors today approved Un-Audited Financial Results for the quarter ended 30th June, 2025.
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Skyline Millars Limited's Board approved the unaudited financial results for the quarter ended 30 June 2025. Revenue from operations came in at ₹54.11 lakhs (vs nil in Q1 FY25), with total income of ₹61.17 lakhs. However, the company reported a wider net loss of ₹34.39 lakhs compared to ₹18.44 lakhs a year ago, dragged by construction costs of ₹44.75 lakhs and other expenses of ₹42.70 lakhs. EPS stood at ₹(0.09) versus ₹(0.05) earlier. The company, primarily in real estate, has begun construction of the 'F-Wing' at its Karjat property, while the next phase of its Ghatkopar project remains stalled since 2011 due to a pending Supreme Court matter. The comparative Q1 FY25 numbers were reviewed by a previous auditor, indicating an auditor change.
Losses have deepened and the core real estate business remains under pressure, with the Ghatkopar project a multi-year overhang. Shareholders should track progress on Karjat construction and legal clarity on Ghatkopar, as both are key to the company's turnaround.