Skyline Millars Limited has released its unaudited financial results for the third quarter ended December 31, 2025, showing mixed performance indicators. The real estate company reported a net loss of ₹3.25 lakhs for Q3FY26, representing an improvement from the ₹11.77 lakhs loss recorded in the corresponding quarter of the previous year.

Quarterly Financial Performance

The company's quarterly results demonstrate operational activity resumption compared to the previous year. Revenue from operations reached ₹67.86 lakhs in Q3FY26, marking a significant improvement from zero revenue in Q3FY25. Other income contributed ₹6.71 lakhs, bringing total income to ₹74.57 lakhs for the quarter.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Skyline Millars reported a net loss of ₹60.53 lakhs, compared to ₹47.59 lakhs loss in the corresponding period of FY25. Total income for the nine-month period stood at ₹213.15 lakhs, with revenue from operations contributing ₹191.97 lakhs and other income adding ₹21.18 lakhs.

Expense Structure and Operations

The company's major expense components for Q3FY26 included cost of construction at ₹42.99 lakhs, other expenses at ₹26.33 lakhs, and employee benefits expenses at ₹8.29 lakhs. Total expenses for the quarter amounted to ₹77.82 lakhs, resulting in a loss before tax of ₹3.25 lakhs.

Earnings Per Share and Capital Structure

The company's earnings per share (EPS) for continuing operations stood at ₹0.01 loss per share for Q3FY26, compared to ₹0.03 loss per share in Q3FY25. The paid-up equity share capital remained stable at ₹402.24 lakhs with a face value of ₹1 per share.

Business Challenges and Regulatory Updates

Skyline Millars continues to face operational challenges, particularly with its Ghatkopar development project, which has been stalled since 2011 due to pending Supreme Court proceedings. The company noted that it remains unable to launch the next phase of development at this location. Additionally, the company has adapted to new consolidated labour laws that became effective from November 21, 2025, though the financial impact has been deemed not material.

Board Approval and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 4, 2026. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under the Companies Act, 2013. The company's auditors, S G D G & Associates LLP, provided a limited review report confirming compliance with regulatory requirements.

Skyline Millars Limited has released its financial results for the quarter ended September 30, 2025, revealing an increased loss despite a rise in revenue. The company also provided updates on its ongoing Karjat Project construction.

Financial Performance

All figures in Rs. lakhs

Skyline Millars reported a net loss of Rs. 22.88 lakhs for the quarter ended September 30, 2025, compared to a loss of Rs. 16.67 lakhs in the same period last year. However, the company saw a significant improvement in its revenue from operations, which increased to Rs. 70.00 lakhs from zero in the previous year's quarter.

For the half-year period, the company's losses widened to Rs. 57.28 lakhs, up from Rs. 35.65 lakhs in the previous year.

Operational Highlights

The company's Board has approved the unaudited financial results for the quarter. Total expenses for the period stood at Rs. 100.30 lakhs, with the cost of construction being the major component at Rs. 65.11 lakhs.

Karjat Project Update

Skyline Millars provided updates on its Karjat Project:

• Construction of F wing is ongoing
• Construction work of E wing has commenced

Liquidity Position

The company's cash and cash equivalents decreased to Rs. 35.12 lakhs as of September 30, 2025, down from Rs. 112.80 lakhs reported on March 31, 2025.

While Skyline Millars has shown improvement in revenue generation, the increased losses and declining cash position may present challenges for the company. The progress in the Karjat Project could potentially contribute to future revenue, but the company's ability to manage costs and improve profitability in the coming quarters remains a key area to watch.