Sky Industries Limited , a prominent player in the technical textiles sector, has achieved a significant milestone by winning the Silver award in the Specialty & Innovative Technical Textiles category at MATEXIL's Technical Textiles Export Award for the financial year 2024-25.

Award Details

The company's achievement was officially announced through a regulatory filing to the BSE Limited on November 17, 2025. The award ceremony is scheduled to take place during the Techtextil India Exhibition 2025, highlighting the importance of this recognition in the industry.

Industry Recognition

This accolade underscores Sky Industries Limited's commitment to innovation and excellence in the technical textiles sector. The MATEXIL's Technical Textiles Export Award is a prestigious recognition in the industry, acknowledging companies that have demonstrated exceptional performance in exports and innovation within the technical textiles domain.

Company's Response

Maikal Raorani, Whole Time Director & CFO of Sky Industries Limited, signed the regulatory filing, expressing the company's pride in this achievement. This recognition is expected to bolster the company's reputation in the technical textiles market and potentially open new avenues for growth and partnerships.

Implications for Investors

While the direct financial impact of this award is not quantified, such recognition often translates to enhanced brand value and potential business opportunities. Investors and stakeholders may view this as a positive indicator of the company's competitive standing and innovative capabilities in the technical textiles industry.

As the technical textiles sector continues to evolve, awards like these highlight the companies that are at the forefront of innovation and export excellence. Sky Industries Limited's silver award positions it as a key player in this specialized segment of the textile industry.

Investors and industry observers will be keen to see how Sky Industries Limited leverages this recognition to drive future growth and maintain its competitive edge in the dynamic technical textiles market.

Sky Industries Limited , a manufacturer and trader of narrow fabrics, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing a significant decline in both revenue and profitability.

Key Financial Highlights

Quarterly Performance

Sky Industries experienced a sharp decline in its financial performance for the quarter ended September 30, 2025:

• Revenue from operations fell by 56.11% to Rs. 188.54 crore, compared to Rs. 429.55 crore in the same quarter last year.
• Net profit after tax decreased by 42.08% to Rs. 17.54 crore from Rs. 30.28 crore year-on-year.
• The company's earnings per share (EPS) for the quarter stood at Rs. 2.22, down from Rs. 2.57 in Q2 FY2025.

Half-Yearly Results

The company's performance for the first half of the fiscal year 2025-26 also showed a downward trend:

• Revenue for H1 FY2026 declined to Rs. 441.32 crore from Rs. 826.72 crore in H1 FY2025, marking a 46.62% decrease.
• Net profit for the six-month period decreased by 24.54% to Rs. 27.58 crore, compared to Rs. 36.55 crore in the previous year.

Consolidated Performance

The consolidated results of Sky Industries and its subsidiary, Skytech Textiles Private Limited, mirrored the standalone performance:

• Consolidated revenue for Q2 FY2026 stood at Rs. 248.38 crore.
• Consolidated net profit was reported at Rs. 17.30 crore for the quarter.

Balance Sheet Highlights

As of September 30, 2025, Sky Industries reported:

• Total assets of Rs. 654.22 crore, slightly higher than Rs. 653.40 crore as of March 31, 2025.
• Shareholders' equity increased to Rs. 476.33 crore from Rs. 455.54 crore at the end of the previous fiscal year.

Conclusion

Sky Industries Limited has faced considerable challenges in the second quarter and first half of FY2026, with significant declines in both revenue and profitability. The company's performance in the coming quarters will be crucial for investors to monitor.