Skyline Millars FY26 loss widens to Rs. 106.38 Lakhs; cash crashes 93.8%
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 22 Apr 2026, 01:58 PM IST · BSE ID: 211339b0-2c08-49ab-915f-ae87bf9de864
View Original BSE Filing (PDF)
💡
In Simple Terms
The company posted widened losses and severely depleted cash reserves in the financial year ended March 2026.
🤖 AI Summary
- Board approved FY26 audited results; full-year loss expanded to Rs. 106.38 Lakhs
- Cash crashed 93.8% to Rs. 7.07 Lakhs from Rs. 112.80 Lakhs prior year
- Operating cash outflow Rs. 163.63 Lakhs; employee costs Rs. 169.35 Lakhs vs total income Rs. 220.24 Lakhs
- Auditor issued unmodified opinion; equity reserves declined to Rs. 1,942.49 Lakhs
- Q4 FY26 loss Rs. 45.85 Lakhs; exceptional items charge Rs. 45.85 Lakhs booked
🔢 Key Numbers — exact figures from BSE filing, not rounded
FY26 Net Loss
Rs. 106.38 Lakhs
-447%
FY26 Total Income
Rs. 220.24 Lakhs
-18%
Cash and Cash Equivalents
Rs. 7.07 Lakhs
-93.8%
Operating Cash Flow FY26
Rs. (163.63) Lakhs
Employee Benefits Expenses FY26
Rs. 169.35 Lakhs
Equity Reserves
Rs. 1,942.49 Lakhs
-5.2%
EPS Basic & Diluted (Total)
Rs. (0.26)
🏢 How This Affects the Company
Net loss of Rs. 106.38 Lakhs in FY26 versus Rs. 19.45 Lakhs in FY25. Cash reserves decimated to Rs. 7.07 Lakhs from Rs. 112.80 Lakhs. Operating cash flow negative Rs. 163.63 Lakhs. Equity reserves declined by Rs. 106.66 Lakhs to Rs. 1,942.49 Lakhs.
Employee benefits expenses of Rs. 169.35 Lakhs consumed 76.8% of total income of Rs. 220.24 Lakhs, indicating severe operational stress. Depreciation charges Rs. 32.53 Lakhs annual. Negative operating cash conversion signals inability to monetize operations.
Acute liquidity crisis with cash at Rs. 7.07 Lakhs creates immediate solvency risk. Negative operating cash flow of Rs. 163.63 Lakhs indicates business cannot fund operations internally. High cost structure relative to minimal revenue generation.
👥 What This Means For Shareholders
✅
Action Required
Review annual report for going-concern disclosures and board's liquidity management plan before next shareholder action.
👤
Who Is Affected
All equity shareholders. Reserves per share declined from Rs. 5.09 to Rs. 4.84 (based on 40,224 Lakhs paid-up capital). Loss per share Rs. 0.26 in FY26.
🔍
Management Signal
Board approved results without additional safeguards disclosure, signaling acceptance of liquidity position but no immediate recapitalization plan disclosed.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Next quarterly results Q1 FY27 — track if cash position stabilizes above Rs. 7 Lakhs minimum
Board announcements for equity fundraising or debt restructuring within 60 days
Auditor's audit committee minutes for going-concern assessment and management response
HIGH RISK
Cash reserves of Rs. 7.07 Lakhs insufficient for operating expenses. Negative operating cash flow Rs. 163.63 Lakhs. Loss expansion 447% YoY.
💡 Investor Takeaway
FY26 audited results show net loss of Rs. 106.38 Lakhs against Rs. 19.45 Lakhs prior year. Cash dropped 93.8% to Rs. 7.07 Lakhs. Operating cash flow negative Rs. 163.63 Lakhs. Auditor issued unmodified opinion but company faces acute liquidity constraint.
⚖️ Strengths & Concerns
⚠️ Concerns
- Cash reserves collapsed 93.8% to Rs. 7.07 Lakhs, creating critical liquidity shortage for operations.
- Loss widened 447% to Rs. 106.38 Lakhs; employee costs Rs. 169.35 Lakhs exceed 76.8% of total income.
📅 Company Track Record
Company incorporated 1919 (CIN L63020MH1919PLC000640). FY25 loss Rs. 19.45 Lakhs with cash Rs. 112.80 Lakhs. FY26 marks acceleration of losses and cash depletion trend. Prior period showed real estate business classification with assets held for sale Rs. 310.26 Lakhs unchanged across both years.
Based on publicly available historical data. For context only.