Sky Industries Ltd (526479)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Sky Industries' revenue was ₹19.1 Cr (-0.4% year on year, -9.3% on the previous quarter), and net profit ₹1.4 Cr (+31.7% year on year); the operating margin was 10.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹19.1 | -0.4% | -9.3% |
| Operating profit | ₹2.1 | +26.2% | -43.9% |
| Net profit | ₹1.4 | +31.7% | -25.9% |
| EPS (₹) | 1.74 | +31.8% | -25.6% |
| Operating margin | 10.8% | — | — |
📢 Recent Corporate Announcements
The Board of Sky Industries has approved the in-principle sale of its factory premises in Navi Mumbai as it transitions manufacturing operations to an upcoming facility in Gujarat. The Navi Mumbai facility accounts for approximately Rs 20 crore, or roughly 25% of the company's total annual turnover of Rs 84.54 crore. The consideration amount and buyer are yet to be finalized, with completion expected within 6 months of signing definitive agreements. Sale proceeds will fund capex and operations at the new Gujarat plant.
- Board approved in-principle sale of Navi Mumbai factory premises, land, and building
- Navi Mumbai unit accounts for approximately Rs 20,00,00,000 turnover, ~25% of annual turnover
- Company is shifting operations to a larger, upcoming manufacturing facility in Gujarat
- Disposal expected to complete within 6 months of executing definitive agreements
- Proceeds will be utilized for capex and operational needs at the Gujarat facility
Sky Industries has ceased operations at its leased Bhiwandi facility and shifted value-added goods manufacturing to its Gujarat unit on September 21, 2026. Management indicated that the Gujarat unit provides larger infrastructure to enhance manufacturing capacity and support future operational scale. The company generated TTM revenues of Rs 86 Cr and an operating margin of 13.6% in FY26. Specific capex spend and capacity additions for the Gujarat unit were not disclosed in the filing.
- Manufacturing of value-added goods shifted from leased Bhiwandi premises to Gujarat on September 21, 2026
- Operations at the Bhiwandi leased premises have officially ceased
- Gujarat unit offers larger infrastructure for enhanced capacity and future expansion
- Capex outlay and specific capacity metrics were not disclosed
Sky Industries Ltd has approved the allotment of 54,000 equity shares to employees under its ESOP 2018 scheme. The shares were issued at an exercise price of Rs 10 per share, which is at par with the face value and significantly below the current market price of Rs 90.3. This allotment results in a marginal equity dilution of approximately 0.68%. The company's total paid-up equity capital has increased to Rs 7.94 crore following this transaction.
- Allotment of 54,000 equity shares of face value Rs 10 each to eligible employees.
- Exercise price fixed at Rs 10 per share, involving no share premium.
- Total paid-up equity capital increased from Rs 7,89,05,410 to Rs 7,94,45,410.
- The allotment represents a 0.68% dilution of the existing equity base.
- Shares issued will rank pari passu with existing shares for dividends and other benefits.
Sky Industries reported a consolidated net profit of ₹1.37 Cr for Q1 FY27, marking a 38% increase from ₹0.99 Cr in Q1 FY26. However, revenue from operations remained stagnant at ₹19.15 Cr compared to ₹19.22 Cr in the same period last year. On a sequential basis, revenue declined by 9.3% from ₹21.11 Cr in Q4 FY26. The profit growth was largely supported by a reduction in total expenses, which fell to ₹17.88 Cr from ₹18.37 Cr YoY.
- Consolidated Net Profit increased 38% YoY to ₹1.37 Cr from ₹0.99 Cr.
- Revenue from operations remained flat at ₹19.15 Cr, representing ~22% of TTM revenue.
- Cost of materials consumed dropped significantly to ₹9.80 Cr from ₹15.81 Cr in the year-ago quarter.
- Consolidated EPS improved to ₹1.74 for the quarter compared to ₹1.27 in Q1 FY26.
- Total expenses decreased by 2.7% YoY to ₹17.88 Cr.
Sky Industries reported a consolidated net profit of Rs 1.37 Cr for Q1 FY27, a 38.06% increase from Rs 0.99 Cr in the same quarter last year. Revenue from operations remained stagnant at Rs 19.15 Cr, compared to Rs 19.23 Cr YoY, indicating a lack of top-line growth. The profit improvement was driven by better cost management, as total expenses fell 2.6% YoY to Rs 17.88 Cr. Sequentially, the performance was weaker, with revenue and profit declining 9.3% and 25.8% respectively from the March 2026 quarter.
- Consolidated Net Profit grew 38.06% YoY to Rs 1.37 Cr
- Revenue from operations stood at Rs 19.15 Cr, a marginal decline from Rs 19.23 Cr YoY
- Total expenses decreased to Rs 17.88 Cr from Rs 18.37 Cr in the year-ago period
- Consolidated EPS for the quarter reported at Rs 1.74
- Finance costs for the quarter were Rs 23.57 Lakhs compared to Rs 20.67 Lakhs YoY
Sky Industries Ltd has scheduled a board meeting on August 14, 2026, to review and approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company enters this quarter following a FY26 performance that saw revenue of ₹86.41 Cr and a net profit of ₹6.08 Cr. The trading window for insiders has been closed since June 25, 2026, and will reopen 48 hours after the results are announced. Investors will be monitoring if the company can improve upon the ₹19.23 Cr revenue and ₹1.04 Cr PAT recorded in the same quarter of the previous year (June 2025).
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results
- Trading window for designated persons closed since June 25, 2026
- Company reported a TTM revenue of ₹86 Cr and PAT of ₹6 Cr
- Market capitalization is currently ₹78 Cr, slightly below annual revenue
- Debt-to-equity ratio stands at 0.64 with total debt of ₹32 Cr
Mr. Amarendra Mohapatra has stepped down as the Non-Executive Independent Director and Chairperson of Sky Industries effective July 26, 2026. This cessation is due to the completion of his second consecutive term, a standard regulatory requirement for independent directors. Consequently, he has also vacated his positions in the Audit, Nomination and Remuneration, Stakeholders' Relationship, and CSR committees. The company, which has a market capitalization of ₹82 Cr, will now need to appoint a new Chairperson and reconstitute its board committees.
- Cessation effective from the close of business hours on July 26, 2026
- Completion of 2nd consecutive term as Non-Executive Independent Director
- Vacated membership in 4 key board committees including Audit and NRC
- Company maintains a TTM revenue of ₹86 Cr and PAT of ₹6 Cr
- Promoter holding remains stable at 58.11% as of June 2026
Sky Industries has announced that Mr. Amarendra Mohapatra will complete his second term as Independent Director and Chairperson on July 26, 2026. In his place, the Board has appointed Mr. Shailesh S Shah, the current Promoter and Managing Director, as the new Chairperson effective July 27, 2026. Additionally, four key board committees—Audit, Nomination & Remuneration, Stakeholders' Relationship, and CSR—have been reconstituted with Mr. Lokanath Mishra (Independent Director) as the new Chairperson for all four. This transition occurs as the company maintains a market capitalization of Rs 82 Cr and TTM revenue of Rs 86 Cr.
- Mr. Amarendra Mohapatra completes his 2nd term as Independent Director and Chairperson on July 26, 2026.
- Promoter and MD Shailesh S Shah to assume the additional role of Chairperson from July 27, 2026.
- Reconstitution of 4 board committees (Audit, NRC, SRC, and CSR) effective July 27, 2026.
- Mr. Lokanath Mishra, an Independent Director, will now chair all 4 reconstituted committees.
- The company reported a TTM PAT of Rs 6 Cr and maintains a promoter holding of 58.11%.
Sky Industries Ltd has announced its participation in the 10th edition of the India International Footwear Fair (IIFF) 2026, scheduled for August 6-8, 2026, in New Delhi. The company, which has a TTM revenue of Rs 86 Cr and a market cap of Rs 90 Cr, will use the platform to showcase its products and explore new business opportunities. This is a standard business development activity aimed at interacting with stakeholders in the footwear industry. No specific financial targets or order expectations were disclosed in the filing.
- Participation in the 10th Edition of India International Footwear Fair (IIFF) 2026.
- Event scheduled from Thursday, August 06, 2026, to Saturday, August 08, 2026.
- Venue located at Bharat Mandapam, New Delhi, with booth details 5G-26-H.
- Company aims to showcase products and explore potential business opportunities in the footwear sector.
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