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Skyline Millars Q2 FY27 results: net profit ₹0.05 crore vs ₹0.23 crore loss, revenue down 28.6%
Skyline Millars Ltd reported standalone revenue of ₹0.50 crore in Q2 FY27 and a net profit of ₹0.05 crore, compared with a net loss of ₹0.23 crore in Q2 FY26. The September 2026 quarter’s EBITDA was ₹0.01 crore at a 1.7% margin, while basic EPS was ₹0.01; figures for the consolidated basis were not given.
Key points
- Standalone revenue was ₹0.50 crore in Q2 FY27, down ₹0.20 crore or 28.6% from Q2 FY26.
- The company reported a net profit of ₹0.05 crore in Q2 FY27, against a net loss of ₹0.23 crore in Q2 FY26.
- EBITDA was ₹0.01 crore in Q2 FY27 with a 1.7% margin, versus a loss of ₹0.30 crore and a -43.0% margin in Q2 FY26.
- Basic EPS was ₹0.01 in Q2 FY27, compared with a loss of ₹0.06 per share in Q2 FY26.
- In H1 FY27, revenue was ₹0.50 crore and the company reported a net loss of ₹0.23 crore, with EPS of -₹0.06.
How did Skyline Millars perform in Q2 FY27?
Skyline Millars reported standalone revenue of ₹0.50 crore in Q2 FY27, down ₹0.20 crore or 28.6% from ₹0.70 crore in Q2 FY26. Total income was ₹0.55 crore against ₹0.77 crore, while total expenses declined ₹0.50 crore or 50.0% to ₹0.50 crore. EBITDA moved from a loss of ₹0.30 crore to a profit of ₹0.01 crore.
The EBITDA margin was 1.7% in Q2 FY27, compared with -43.0% in Q2 FY26, an improvement of 44.7 percentage points. Profit before tax and net profit were each ₹0.05 crore, against losses of ₹0.23 crore in the year-ago quarter. Basic EPS was ₹0.01, compared with -₹0.06 in Q2 FY26.
Against Q1 FY27, revenue rose ₹0.50 crore and total income increased ₹0.52 crore to ₹0.55 crore. EBITDA improved by ₹0.32 crore, while profit before tax and net profit each rose ₹0.33 crore to ₹0.05 crore. Basic EPS increased ₹0.08 to ₹0.01. The results were standalone, and consolidated figures were not given.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.50 | 0 | 0.70 | −28.6% | |
| Other income | 0.04 | 0.03 | 0.07 | −42.9% | +33.3% |
| Total expenses | 0.50 | 0.31 | 1 | −50.0% | +61.3% |
| EBITDA | 0.01 | −0.31 | −0.30 | turned to profit | turned to profit |
| EBITDA margin | 1.7% | -43.0% | +44.7 pp | ||
| Profit before tax | 0.05 | −0.28 | −0.23 | turned to profit | turned to profit |
| Tax | 0 | 0 | 0 | ||
| Net profit | 0.05 | −0.28 | −0.23 | turned to profit | turned to profit |
| EPS (₹) | 0.01 | −0.07 | −0.06 | turned to profit | turned to profit |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Skyline Millars' costs and profit?
Total expenses fell ₹0.50 crore or 50.0% from ₹1 crore in Q2 FY26 to ₹0.50 crore in Q2 FY27. Other expenses declined ₹0.51 crore or 55.4% to ₹0.41 crore, while employee cost increased ₹0.01 crore or 12.5% to ₹0.09 crore. Cost of materials, finance costs and depreciation were unchanged, and there was no exceptional item.
Other income decreased ₹0.03 crore or 42.9% from ₹0.07 crore in Q2 FY26 to ₹0.04 crore. Tax expense was unchanged. The filing does not state why revenue, other income or other expenses changed, but the figures show that the lower expense total coincided with EBITDA turning from a loss of ₹0.30 crore to a profit of ₹0.01 crore.
Against Q1 FY27, total expenses increased ₹0.19 crore or 61.3%, entirely reflecting a ₹0.19 crore or 86.4% rise in other expenses to ₹0.41 crore. Employee cost was unchanged at ₹0.09 crore, other income increased ₹0.01 crore to ₹0.04 crore, and there was no exceptional item.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.09 | 0.08 | +0.01 | +12.5% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.41 | 0.92 | −0.51 | −55.4% |
| Total expenses | 0.50 | 1 | −0.50 | −50.0% |
| Other income | 0.04 | 0.07 | −0.03 | −42.9% |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
Profit before tax and net loss were each ₹0.23 crore, an improvement of ₹0.34 crore from net losses of ₹0.57 crore in H1 FY26. Basic EPS was -₹0.06 in H1 FY27 against -₹0.01 in H1 FY26. The board approved the unaudited quarter and half-year results on 22 October 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0.50 | 1.24 | −59.7% |
| Profit before tax | −0.23 | −0.57 | |
| Net profit | −0.23 | −0.57 | |
| EPS (₹) | −0.06 | −0.01 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹25.37 crore, compared with ₹25.53 crore on 31 March 2026. Total equity was ₹23.22 crore against ₹23.45 crore, while cash increased from ₹0.07 crore to ₹0.35 crore. Borrowings were unchanged, with no amount reported.
Inventories increased to ₹16.05 crore from ₹15.05 crore, trade receivables rose to ₹0.15 crore from ₹0.09 crore, and trade payables increased to ₹0.23 crore from ₹0.13 crore. H1 FY27 operating cash flow was an outflow of ₹1.06 crore, compared with an outflow of ₹0.79 crore in H1 FY26.
Investing cash flow was ₹0.05 crore in H1 FY27 against ₹0.13 crore in H1 FY26. Financing cash flow and capital expenditure were unchanged at no amount reported in both periods.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 25.37 | 25.53 |
| Total equity | 23.22 | 23.45 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 0.35 | 0.07 |
| Inventories | 16.05 | 15.05 |
| Trade receivables | 0.15 | 0.09 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −1.06 | −0.79 |
| Cash from investing | 0.05 | 0.13 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Skyline Millars done over the last 8 quarters?
Revenue reached its highest point in the reported series at ₹2.13 crore in Q4 FY25, then declined to ₹0.54 crore in Q1 FY26 and ₹0.70 crore in Q2 FY26. It was ₹0.68 crore in Q3 FY26 before the latest readings of ₹0.50 crore in Q2 FY27, following quarters with no revenue reported.
Profit before tax and net profit bottomed at a loss of ₹0.46 crore in Q4 FY26, following a profit of ₹0.21 crore in Q4 FY25. The result improved to a loss of ₹0.28 crore in Q1 FY27 and then turned positive at ₹0.05 crore in Q2 FY27. The latest EBITDA margin was 1.7%.
How did Skyline Millars shares react?
The filing appeared after market hours. From the price when it appeared, Skyline Millars was down 0.9% after five minutes, down 0.9% after 15 minutes and down 5.9% after 30 minutes. On the reaction day, the stock closed 4.1% above its previous close of ₹9.07.
By the next day's close, the stock was down 0.2% from its pre-results close. By the fifth session's close, it was up 8.6% from that close. The Residential, Commercial Projects industry median moved down 0.7% on the reaction day, down 0.5% by the next day and down 0.6% by five days.
Skyline Millars exceeded the industry median by 4.8 percentage points on the reaction day, 0.3 percentage points by the next day's close and 9.2 percentage points by five days. Earlier reaction-day moves included -4.9% on 22 April 2026, 0.8% on 4 February 2026, -4.6% on 12 November 2025 and 5.0% on 6 August 2025.
| After the filing | Stock | Residential, Commercial Projects median |
|---|---|---|
| 5 minutes | −0.9% | |
| 15 minutes | −0.9% | |
| 30 minutes | −5.9% | |
| Reaction day | +4.1% | −0.7% |
| Next day | −0.2% | −0.5% |
| 5 days | +8.6% | −0.6% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 29 July 2026 | −3.0% |
| 22 April 2026 | −4.9% |
| 4 February 2026 | +0.8% |
| 12 November 2025 | −4.6% |
| 6 August 2025 | +5.0% |
| 8 May 2025 | +20.0% |
| 12 August 2024 | −4.8% |
Source: MarketPing price-reaction measurement.
How did other Residential, Commercial Projects companies do?
Eleven other Residential, Commercial Projects companies filed for the quarter as of 4 November 2026. Their median revenue growth was 79.6%. One peer grew revenue more slowly than Skyline Millars, while 10 grew faster than the company.
Seven of the 14 peers whose profit was compared reported higher profit. Skyline Millars itself recorded revenue of ₹0.50 crore in Q2 FY27 and a net profit of ₹0.05 crore on a standalone basis.
| Skyline Millars revenue growth (YoY) | −28.6% |
|---|---|
| Median of 11 other Residential, Commercial Projects companies | +79.6% |
| Companies with slower revenue growth than Skyline Millars | 1 of 11 |
| Companies with faster revenue growth than Skyline Millars | 10 of 11 |
| Companies whose net profit rose | 7 of 14 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Skyline Millars' revenue in Q2 FY27?
Revenue from operations was ₹0.50 crore, down 28.6% from ₹0.70 crore in Q2 FY26 (standalone).
Did Skyline Millars make a profit in Q2 FY27?
Yes. Net profit was ₹0.05 crore, against a net loss of ₹0.23 crore in Q2 FY26.
What was Skyline Millars' EPS in Q2 FY27?
Basic earnings per share were ₹0.01, against a loss of ₹0.06 in Q2 FY26.
How did Skyline Millars shares react to the Q2 FY27 results?
On the reaction day the stock moved +4.1% from the previous close; the median Residential, Commercial Projects stock moved −0.7%.
When did Skyline Millars announce its Q2 FY27 results?
On 22 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Board Meeting To Be Held On Thursday 22Nd October 2026 (BSE, 13 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 22 October 2026) · PDF
- Un-Audited Financial Results For The Quarter And Year Ended 30Th September, 2026 (BSE, 22 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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