News

SKY INDUSTRIES LIMITED announced that its board approved a proposal to sell the company’s factory premises in Navi Mumbai, along with the underlying land and building, subject to finalizing a prospective purchaser and obtaining necessary approvals. The company is transitioning its manufacturing operations to a new facility in Gujarat, which is being developed to provide enhanced capacity and improved operational efficiencies. Approximately Rs 20 crore, or 25% of the company’s total annual turnover of Rs 84.54 crore, is attributable to the Navi Mumbai facility. The board also approved shifting the company’s registered office from Navi Mumbai to Mumbai, subject to member and regulatory approvals.

Sky Industries Limited informed the BSE Limited that the trading window for dealing in securities of the company will be closed from Thursday, October 01, 2026, until 48 hours after the declaration of financial results for the quarter and half year ending on September 30, 2026, in accordance with the company’s ‘Code of Conduct for Prevention of Insider Trading’ as per SEBI (Prohibition of Insider Trading) Regulations, 2015.

Sky Industries Limited announced the allotment of 54,000 equity shares with a face value of Rs 10 each to eligible employees under its Sky Industries Employee Stock Option Plan (ESOP 2018), according to a filing with the BSE Limited on August 14, 2026. The allotment increased the company`s issued, subscribed, and paid-up equity share capital from Rs 7,89,05,410 consisting of 78,90,541 equity shares to Rs 7,94,45,410 consisting of 79,44,541 equity shares.

Sky Industries Ltd share price declined by 1.98% to Rs 88.55 after the company`s net profit plunged by 25.95% to Rs 1.37 crore, while revenue from operations eased by 9.28% to Rs 19.15 crore in Q2FY26 over Q1FY26. The market capitalization of Other Textile Products industry group stocks on BSE stood at Rs 1.65 lakh crore, gaining 2.62%. It has slipped by 1.83% over last one week and moving up by 14.65% in last one month while the market capitalization of Sky Industries Ltd has softened by 7.76% and 1.51% in the same period respectively. Profit before tax (PBT) of Sky Industries Ltd stood at Rs 1.78 crore in Q2 FY26, rallying 33.83% year-on-year, and tanking 27.35% quarter-on-quarter. EBITDA came in at Rs 2 crore, surging by 28.93% YoY and crashing by 61.95% sequentially. Total expenses slightly declined by 1.95% to Rs 17.64 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 10.13 crore, slumping by 25.68% YoY, while employee benefits expense was at Rs 2.09 crore, ticking higher by 6.09% YoY. For the TTM ended FY26, revenue from operations posted a slight growth of 2.76% to Rs 86.41 crore, while net profit rose by 14.26% to Rs 6.65 crore, compared to previous TTM. EBITDA surged by 722% to Rs 11.19 crore, and PBT saw a minor gain of 9.73% to Rs 8.57 crore compared to previous TTM. The company`s consolidated net cash flow from operating activities stood at Rs 5.73 crore in FY26, as against Rs 4.09 crore in FY25. Sky Industries Ltd slipped 4.84% in last one year, significantly underperforming the benchmark BSE Sensex which has eased by 3.05% during the same period.

Sky Industries will hold a meeting of the Board of Directors of the Company on 14 August 2026.