Sky Industries Reports 56% Drop in Q2 Revenue, Net Profit Declines by 42%

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

Particulars (in Rs. crore)	Q2 FY2026	Q2 FY2025	% Change	H1 FY2026	H1 FY2025	% Change
Revenue from Operations	188.54	429.55	-56.11%	441.32	826.72	-46.62%
Net Profit	17.54	30.28	-42.08%	27.58	36.55	-24.54%
EPS (Basic & Diluted) (Rs.)	2.22	2.57	-13.62%	3.49	4.63	-24.62%

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.97%	-0.28%	-1.37%	+5.52%	-39.44%	+128.12%

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.