Sky Industries Announces Management Changes and Q1 FY26 Financial Results

Sky Industries Limited , a manufacturer and trader of narrow fabrics, has announced significant management changes and released its financial results for the first quarter of the fiscal year 2025-26.

Management Changes

The company's Board of Directors has approved key changes in its senior management team:

Mr. Vishnu Bania has been appointed as Manager-Accounts and Senior Management Personnel, effective August 14, 2025.
Mr. Swamidass Pauldevadason, the current General Manager-Accounts and Taxation, will retire due to superannuation at the close of business hours on August 13, 2025. However, he will continue to serve the company as a Consultant-Accounts and Taxation from August 14, 2025.

Mr. Vishnu Bania brings over a decade of experience in finance and accounting to his new role. He holds a Postgraduate Diploma in Financial Management from NMIMS and a Master's degree in Commerce from Chetna's Institute of Management Studies. His expertise spans financial operations, statutory compliance, and audit management.

Q1 FY26 Financial Performance

Sky Industries Limited has reported its unaudited standalone and consolidated financial results for the quarter ended June 30, 2025:

Standalone Results

Particulars (in Rs. lakhs)	Q1 FY26	Q1 FY25	YoY Change
Revenue from Operations	1,885.40	2,183.81	-13.7%
Total Income	1,926.79	2,249.16	-14.3%
Profit Before Tax	129.36	217.38	-40.5%
Net Profit After Tax	100.43	165.81	-39.4%
Basic EPS (in Rs.)	1.27	2.10	-39.5%

Consolidated Results

Particulars (in Rs. lakhs)	Q1 FY26	Q1 FY25	YoY Change
Revenue from Operations	1,922.85	2,192.91	-12.3%
Total Income	1,964.89	2,256.87	-12.9%
Profit Before Tax	128.14	208.76	-38.6%
Net Profit After Tax	99.38	158.69	-37.4%
Basic EPS (in Rs.)	1.27	2.01	-36.8%

The company's financial performance shows a decline in both revenue and profitability compared to the same quarter of the previous fiscal year. On a standalone basis, revenue from operations decreased by 13.7% year-over-year, while net profit after tax fell by 39.4%. The consolidated results reflect a similar trend, with a 12.3% decrease in revenue from operations and a 37.4% decline in net profit after tax.

Sky Industries Limited primarily operates in the manufacture and trading of narrow fabrics segment. The company's Board of Directors approved these financial results at their meeting held on August 13, 2025.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.08%	-1.28%	-0.18%	+5.69%	-43.54%	+257.61%

Sky Industries Limited, a manufacturer and trader of narrow fabrics, has released its unaudited financial results for the first quarter of fiscal year 2026, ending June 30, 2025. The company reported a decline in both revenue and profit compared to the same period last year, while also announcing changes in its senior management.

Financial Performance

On a consolidated basis, Sky Industries reported:

Revenue from operations of Rs 1,922.85 lakhs, down 12.3% from Rs 2,192.91 lakhs in Q1 FY2025
Net profit after tax of Rs 99.38 lakhs, a 37.4% decrease from Rs 158.69 lakhs in the previous year's quarter
Basic and diluted earnings per share (EPS) of Rs 1.27, compared to Rs 2.01 in Q1 FY2025

The standalone results showed a similar trend:

Revenue from operations stood at Rs 1,885.40 lakhs, a 13.7% decrease from Rs 2,183.81 lakhs in Q1 FY2025
Net profit after tax fell by 39.4% to Rs 100.43 lakhs, down from Rs 165.81 lakhs in the same quarter last year
Basic and diluted EPS of Rs 1.27, versus Rs 2.10 in the corresponding quarter of the previous fiscal year

Key Financial Metrics

Particulars (Consolidated)	Q1 FY2026	Q1 FY2025	% Change
Revenue from Operations	1,922.85	2,192.91	-12.3%
Net Profit After Tax	99.38	158.69	-37.4%
EPS (Basic & Diluted)	1.27	2.01	-36.8%

*All figures in Rs lakhs, except EPS

Management Changes

In addition to the financial results, Sky Industries announced significant changes in its senior management:

New Appointment: Mr. Vishnu Bania has been appointed as Manager-Accounts and Senior Management Personnel, effective August 14, 2025. Mr. Bania brings over a decade of experience in finance and accounting, with expertise in financial reporting, budgeting, statutory compliance, and strategic cash flow management.
Retirement: Mr. Swamidass Pauldevadason, General Manager-Accounts and Taxation, will retire from his position effective August 13, 2025. However, he will continue to serve the company as a Consultant-Accounts and Taxation from August 14, 2025.

Company Overview

Sky Industries Limited primarily operates in the manufacturing and trading of narrow fabrics. The company has a subsidiary, Skytech Textiles Private Limited, which is included in its consolidated financial results.

The Board of Directors meeting, which approved these results and management changes, was held on August 13, 2025, commencing at 12 noon and concluding at 1:20 P.M.

Despite the challenging quarter, Sky Industries continues to focus on its core business operations in the narrow fabrics sector. The company's ability to navigate the current market conditions and the impact of the recent management changes will be key factors to watch in the coming quarters.