Skyline Millars Ltd. Announces Audited Financial Results for the Year Ended March 31, 2026
Skyline Millars Ltd. confirmed the approval of its audited financial results for the fourth quarter and the year ended March 31, 2026, following a Board meeting held on April 22, 2026. The company issued its audited financial statements, along with the auditor's report, to the market.The Board of Directors commenced its meeting at 11:30 a.m. and concluded at 6:20 p.m. The financial results reflect the company’s status as primarily engaged in the Real Estate business.
Financial Highlights (Rs. In Lakhs)
The audited financial results for the quarter and year ended March 31, 2026, compared to the same period last year, show the following material performance indicators:Profit and Loss Statement Summary
| Particulars | Quarter ended 31.03.2026 (Unaudited) | Quarter ended 31.12.2025 (Unaudited) | Quarter ended 31.03.2025 (Unaudited) | Year ended 31.03.2026 (Audited) | Year ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|
| Total Income | 7.09 | 6.71 | 27.33 | 2,827 | 5,548 |
| Total Expenses | 7.09 | 74.57 | 240.49 | 22,024 | 268.64 |
| Profit / (Loss) before exceptional Items and tax | - | - | - | (106.38) | (19.45) |
| Profit / (Loss) for the period | (45.85) | (3.25) | 27.28 | (106.38) | (19.45) |
| Total Comprehensive Income for the period | (46.07) | (3.33) | 21.30 | (106.66) | (25.88) |
Note: All figures are in Lakhs.
Balance Sheet Snapshot
The company’s Balance Sheet data for the respective periods showed the following totals:
| Particulars | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| Total Non-Current Assets | 2,329 | 23.29 |
| Total Current Assets | 2,219.49 | 62.2 |
| Total Assets | 2,553.22 | 2,602.17 |
| Total Equity | 1,942.49 | 2,049.15 |
| Total Non-Current Liabilities | 2,055 | 19.28 |
| Total Current Liabilities | 10,242 | 5,248 |
| Total Equity and Liabilities | 2,553.22 | 2,602.17 |
Cash Flow Statement Overview
For the year ended March 31, 2026, the company reported the following net cash flows:
| Description | Year ended 31.03.2026 (Rs. In Lakhs) | Year ended 31.03.2025 (Rs. In Lakhs) |
|---|---|---|
| Net Cash flow from operating activities | (163.63) | (252.82) |
| Net Cash Flow from investing activities | 57.90 | 257.50 |
| Net Cash Flow from financing activities | 5 | 5 |
| Increase / (Decrease) in cash and cash equivalents | (105.73) | 268 |
| Cash and cash equivalents at the end of the year | 11,280 | 11,280 |
Audit and Business Context
The financial results were prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015. The company reported that the auditor issued an audit report with an unmodified opinion on the audited standalone financial results for the fourth quarter and the year ended March 31, 2026.The auditor's report confirmed that the financial results give a true and fair view in conformity with applicable Indian Accounting Standards (Ind AS). The report further noted that the audit was conducted in accordance with the Standards on Auditing (SAs) specified under the Companies Act, 2013.
In related notes, the company mentioned that it is unable to launch the next phase of development at Ghatkopar since 2011 due to a matter pending in the Supreme Court.
Stock Price Movement
As of 13:42, Skyline Millars Ltd shares are ticking down, trading at ₹20.18, marking a -0.49% drop. The stock saw a fairly wide swing today, finding support between a low of ₹19.16 and a high of ₹21.75.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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