Skyline Millars FY26 audited results: Rs. 106.38 Lakhs loss before tax
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 22 Apr 2026, 01:43 PM IST · BSE ID: 772fe8c9-8bc4-4688-a2ba-cb2da1cdd54d
View Original BSE Filing (PDF)
💡
In Simple Terms
The real estate company reported its first full-year results showing a loss, with income down year-on-year.
🤖 AI Summary
- Skyline Millars approved audited FY26 results: loss before tax Rs. 106.38 Lakhs
- Total income FY26: Rs. 220.24 Lakhs versus Rs. 268.64 Lakhs in FY25
- Exceptional items charge of Rs. 106.38 Lakhs recorded in FY26
- Balance sheet assets Rs. 2,553.22 Lakhs; equity Rs. 2,387.73 Lakhs as at 31 March 2026
- Auditor issued unmodified opinion; Board meeting held 22 April 2026 at Mumbai
🔢 Key Numbers — exact figures from BSE filing, not rounded
Loss before tax FY26
Rs. 106.38 Lakhs
Loss before tax FY25
Rs. 19.45 Lakhs
Total income FY26
Rs. 220.24 Lakhs
Total income FY25
Rs. 268.64 Lakhs
Cash and cash equivalents 31.03.2026
Rs. 7.07 Lakhs
Cash and cash equivalents 31.03.2025
Rs. 112.80 Lakhs
Total assets 31.03.2026
Rs. 2,553.22 Lakhs
Total equity 31.03.2026
Rs. 2,387.73 Lakhs
EPS Basic & Diluted FY26
Rs. (0.26)
Exceptional items FY26
Rs. 106.38 Lakhs
🏢 How This Affects the Company
Revenue base contracted from Rs. 268.64 Lakhs to Rs. 220.24 Lakhs. Other income fell to Rs. 19.97 Lakhs from Rs. 213.16 Lakhs, indicating reduced financial asset yields.
Loss before tax expanded to Rs. 106.38 Lakhs from Rs. 19.45 Lakhs, primarily driven by exceptional items charge of Rs. 106.38 Lakhs. EPS declined to Rs. (0.26) from Rs. (0.05). Cash position weakened from Rs. 112.80 Lakhs to Rs. 7.07 Lakhs.
Employee benefits expenses increased to Rs. 169.35 Lakhs from Rs. 130.46 Lakhs despite lower revenue generation. Depreciation expense rose to Rs. 32.53 Lakhs from Rs. 28.89 Lakhs.
Large exceptional charge signals one-time operational disruption or asset impairment. Declining other income reflects reduced liquidity deployment. Negative earnings with depleted cash reserves constrain operational flexibility.
👥 What This Means For Shareholders
✅
Action Required
Review management commentary or quarterly investor updates for strategic direction given significant loss expansion and cash depletion.
👤
Who Is Affected
All equity shareholders holding 402.24 Lakhs shares (face value Re 1 each). Per-share loss impact: EPS of Rs. (0.26) indicates negative earnings distribution.
🔍
Management Signal
Exceptional charge suggests one-time operational event or asset write-down; management treating FY26 as transition period, pending clarification on recovery roadmap.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 results — verify if operations stabilized post exceptional charge and revenue recovery begun
Cash flow statement in next filing — track if operating cash burn halts and liquidity position strengthens
Management commentary on real estate project pipeline — confirm revenue visibility for FY27 onwards
HIGH RISK
Widened losses, depleted cash reserves, and exceptional charges indicate operational distress. Limited liquidity (Rs. 7.07 Lakhs) constrains working capital management and growth investments.
💡 Investor Takeaway
FY26 loss before tax of Rs. 106.38 Lakhs (versus Rs. 19.45 Lakhs loss in FY25) driven by exceptional items charge. Total income contracted to Rs. 220.24 Lakhs from Rs. 268.64 Lakhs. Cash reserves fell to Rs. 7.07 Lakhs from Rs. 112.80 Lakhs, restricting operational capacity.
⚖️ Strengths & Concerns
✅ Positives
- Auditor issued unmodified opinion confirming financial statement compliance with Ind AS and listing regulations
- Equity base of Rs. 2,387.73 Lakhs maintained; borrowings minimal at Rs. 3 Lakhs only
⚠️ Concerns
- Net loss Rs. 106.38 Lakhs in FY26 versus Rs. 19.45 Lakhs loss in FY25 — deterioration of 446%
- Cash and equivalents declined sharply from Rs. 112.80 Lakhs to Rs. 7.07 Lakhs — 93.8% reduction YoY
📅 Company Track Record
Recently listed company. First audited full-year results filing for FY26. No prior multi-year track record available on BSE. Real estate operations previously shown limited revenue generation and other income dependency.
Based on publicly available historical data. For context only.