Skyline Millars Q3FY26 Loss Widens to ₹3.25 Lakhs

Skyline Millars reported a net loss of ₹3.25 lakhs for Q3FY26 compared to ₹11.77 lakhs loss in Q3FY25. Revenue from operations reached ₹67.86 lakhs while nine-month losses expanded to ₹60.53 lakhs.

Skyline Millars Reports Loss in Second Quarter Results, Continues Karjat Project Construction

Skyline Millars Limited reported quarterly results showing a 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. Revenue from operations increased to Rs 70.00 lakhs from zero in the previous year quarter. For the half-year period, the company recorded a loss of Rs 57.28 lakhs compared to Rs 35.65 lakhs loss in the previous year. The company's Board approved the unaudited financial results and provided updates on the Karjat Project, where construction of F wing is ongoing and construction work of E wing has commenced. Total expenses for the quarter were Rs 100.30 lakhs, with cost of construction being the major component at Rs 65.11 lakhs. The company's cash and cash equivalents decreased to Rs 35.12 lakhs from Rs 112.80 lakhs as of March 2025.

Skyline Millars Limited Announces Promoter Demerger Creating Three New Companies

Skyline Millars Limited announced the completion of a demerger involving its promoter Dave Builders Private Limited. The National Company Law Tribunal approved the Scheme of Arrangement on June 26, 2025, with an appointed date of April 1, 2025. Under the demerger, Dave Builders Private Limited's 57,20,910 equity shares in Skyline Millars have been transferred to three resulting companies: Dave Star Private Limited (28,60,455 shares), Dave Skyline Private Limited (14,30,228 shares), and Dave Symphony Private Limited (14,30,227 shares). The demerger aims to provide greater administrative efficiency, operational rationalization, and focused management approach for each business unit. The tribunal found the scheme fair and reasonable with no objections from stakeholders. The companies are required to file necessary forms with the Registrar of Companies within 30 days and pay applicable stamp duty within 60 working days.

Skyline Millars Reports Loss of ₹34.39 Crore in First Quarter Results

Skyline Millars Limited reported a net loss of ₹34.39 crore for the first quarter ended June 30, 2025, compared to a loss of ₹18.44 crore in the same period last year. Revenue from operations increased to ₹54.11 crore from zero in the previous year quarter. Total expenses rose to ₹95.56 crore, with cost of construction being the largest component at ₹44.75 crore. The company's earnings per share stood at negative ₹0.09. The real estate company noted it has commenced construction work of 'F-Wing' at its Karjat property, while development at Ghatkopar remains stalled since 2011 due to pending Supreme Court matters.

Sky: British Media Group to Cut Nearly 2,000 Jobs by 2025

Sky, owned by Comcast, plans to cut around 2,000 jobs in the UK by 2025, representing 7% of its workforce. The company is restructuring its customer service operations, closing three of its 10 contact centers in northern England. Sky aims to transform its business for more digital customer service, investing in a new campus in Livingston, Scotland.