The Board of directors today have approved the Un-Audited Financial Results for the quarter ended 30th June, 2025. Enclosed copy of the same along with Limited Review Report.
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Awaiting price reaction for this filing.
Skyline Millars Ltd reported Q1 FY26 revenue from operations of Rs. 54.11 lakhs, sharply down from Rs. 213.16 lakhs in the preceding Q4 FY25 but up from nil in Q1 FY25. Total income stood at Rs. 61.17 lakhs against Rs. 10.10 lakhs a year ago. The company slipped back into a loss of Rs. 34.39 lakhs at the profit-before-tax level, compared with a profit of Rs. 27.28 lakhs in Q4 FY25 and a loss of Rs. 18.98 lakhs in Q1 FY25. Total comprehensive income for the period was a loss of Rs. 34.32 lakhs, translating to a basic and diluted EPS of Rs. (0.09). The results were reviewed by a new auditor, SGDG Associates & LLP, after the previous auditor had reviewed the Q1 FY25 comparatives. The company flagged that its Ghatkopar development has been stalled since 2011 due to a pending Supreme Court matter, while it has commenced construction of the F-Wing at its Karjat property. The limited review report is clean with no qualifications.
The sharp sequential drop in revenue and a return to losses after a small Q4 profit may weigh on the stock. The long-pending Supreme Court case on the Ghatkopar project remains a key overhang, though the start of Karjat construction offers a modest positive trigger.