FY26 Results Show ₹1.06 Crore Loss as Q4 Revenue Falls to Zero

Skyline Millars Ltd reported an audited net loss of ₹1.06 crore for the fiscal year ending March 31, 2026. Total income for the year stood at ₹2.69 crore.

The company's fourth quarter of FY26 also posted a net loss, amounting to ₹0.46 crore. Critically, Skyline Millars recorded zero revenue from its operations during this quarter, with total income for the period at ₹7.09 lakh.

Impact of Prolonged Project Delays

The financial results highlight ongoing difficulties for the real estate developer. Sustained losses and a complete lack of operational revenue in the most recent quarter underscore challenges in project execution and market absorption. The company's primary operational hurdle is a long-standing delay in launching the next phase of its development project in Ghatkopar, Mumbai. This project has been pending since 2011 due to a Supreme Court matter.

Company Background

Skyline Millars has a history spanning over a century and was previously known as Millars India Limited. The company underwent financial restructuring, having been revived from its status as a sick company. Its registered office is located in Ghatkopar.

Key Risks and Outlook

The protracted delay of the Ghatkopar development phase remains the company's principal risk. The unresolved Supreme Court issue directly impacts Skyline Millars' revenue generation and path to profitability. Investors will be closely watching for any updates regarding this legal matter.

Additionally, the company noted the government's consolidation of labor laws into four comprehensive codes, effective November 21, 2025, which could potentially lead to increased expenses, though the immediate impact is not deemed material. The company's ability to overcome these operational challenges and generate consistent revenue will be crucial for its future performance, though no specific timelines were provided in the filing.