Skyline Millars Ltd (505650)
Q2 FY27 results
📅 Next results: 22 Oct 2026 (board meeting)Skyline Millars Ltd's board meets on 22 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Skyline Millars' revenue was ₹0.0 Cr (-100.0% year on year), and net profit ₹-0.3 Cr (a smaller loss than a year earlier).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | -100.0% | — |
| Operating profit | ₹-0.3 | loss narrowed | loss narrowed |
| Net profit | ₹-0.3 | loss narrowed | loss narrowed |
| EPS (₹) | -0.07 | loss narrowed | loss narrowed |
📢 Recent Corporate Announcements
Skyline Millars reported zero revenue from operations for the quarter ended June 30, 2026, a significant decline from ₹0.54 Cr in the same period last year. The company's total income of ₹3.12 Lacs was derived entirely from non-operational sources. Consequently, it posted a net loss of ₹28.12 Lacs, continuing its streak of negative earnings. A major project at Ghatkopar remains stalled since 2011 due to pending litigation in the Supreme Court, severely limiting the company's operational capacity.
- Revenue from operations fell to ₹0.00 from ₹54.11 Lacs in the corresponding quarter of the previous year.
- The company reported a net loss of ₹28.12 Lacs for Q1 FY27.
- Total expenses were reduced to ₹31.24 Lacs from ₹95.56 Lacs YoY, primarily due to lower construction costs.
- The Ghatkopar development project has been unable to launch for 15 years (since 2011) due to Supreme Court proceedings.
Skyline Millars Ltd reported zero operational revenue for the quarter ended June 30, 2026, a significant decline from ₹54.11 Lacs in the same quarter last year. The company posted a net loss of ₹28.12 Lacs, which is a slight improvement from the ₹34.39 Lacs loss reported in Q1 FY26. Total income for the period was just ₹3.12 Lacs, derived entirely from 'Other Income'. The company continues to face a major operational hurdle as its Ghatkopar development project remains stalled due to Supreme Court litigation pending since 2011.
- Revenue from operations dropped to ₹0.00 for Q1 FY27 compared to ₹54.11 Lacs in Q1 FY26.
- Net loss for the quarter narrowed slightly to ₹28.12 Lacs from ₹34.39 Lacs YoY.
- Total expenses were reduced by 67% YoY to ₹31.24 Lacs, primarily due to lower construction and other costs.
- The company remains unable to launch its Ghatkopar project, which has been in litigation for 15 years (since 2011).
- Earnings Per Share (EPS) for the quarter stood at ₹-0.07.
Skyline Millars has scheduled a board meeting for July 29, 2026, to consider and approve un-audited financial results for the quarter ended June 30, 2026. The company is currently in a weak financial position, having reported zero revenue in the most recent March 2026 quarter and a TTM loss of ₹1 crore. With a small market cap of ₹60 crore and a 12-month price decline of 36.6%, the upcoming results are critical for assessing if the company can resume operational activity.
- Board meeting scheduled for July 29, 2026, to approve Q1 results.
- Company reported ₹0.0 revenue in the preceding quarter ended March 2026.
- TTM revenue stands at only ₹2 crore against a market capitalization of ₹60 crore.
- Operating profit margin remains deeply negative at -69.8% on a TTM basis.
- Promoter holding has remained steady at 71.38% as of March 2026.
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