The Board today had approved the Un-Audited Financial Results for the quarter and half year ended 30.09.2025. Enclosed copies of results along with Asset Liability and Cash Flow Statement ....
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Skyline Millars' Board approved its unaudited financial results for Q2 and H1 FY26 (ended 30 Sept 2025) at a meeting on 12 Nov 2025. The company is now primarily a real estate business after discontinuing its umbrellas division, leaving only one reportable segment. The Karjat project is progressing, with construction of 'F wing' ongoing and 'E wing' construction newly commenced. Auditor SGDG & Associates LLP issued an unqualified (clean) limited review report on the results. Total assets stood at Rs 2,531.42 lakhs as on 30 Sept 2025, down from Rs 2,602.17 lakhs at March 2025. Net cash from operating activities was positive at Rs 111.61 lakhs for the half year. The company also flagged that its next phase of development at Ghatkopar remains stalled since 2011 due to a matter pending before the Supreme Court.
Operational updates on the Karjat project are mildly positive for shareholders, showing continued execution on the real estate pipeline. However, the long-pending Ghatkopar Supreme Court case remains a key overhang on unlocking further real estate value. No negative signals on auditor opinion or cash flows, but specific revenue/profit numbers were not legible enough to confirm growth or decline trends.