Mumbai, January 30, 2025
Skyline Ventures India Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported a loss for the period, with total income remaining at zero and expenses leading to a negative bottom line.Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY2025 | Q2 FY2025 | Q3 FY2024 | 9M FY2025 | 9M FY2024 | FY2024 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Expenses | 2.07 | 1.47 | 59.45 | 7.73 | 60.63 | 61.97 |
| Profit/(Loss) Before Tax | (2.07) | (1.47) | (59.45) | (7.73) | (60.63) | (61.97) |
| Net Profit/(Loss) | (2.12) | (1.57) | (44.23) | (7.85) | (45.40) | (61.93) |
| Earnings Per Share (EPS) (₹) | (0.05) | (0.04) | (1.12) | (0.20) | (1.14) | (1.56) |
Operational Performance
- Zero Revenue: The company did not generate any revenue from operations or other income sources.
- Expenses Increase: The total expenses for Q3 FY2025 stood at ₹2.07 lakh, higher than ₹1.47 lakh in the previous quarter but significantly lower than ₹59.45 lakh in Q3 FY2024.
- Net Loss: The company reported a net loss of ₹2.12 lakh in Q3 FY2025, which widened from ₹1.57 lakh in Q2 FY2025 but significantly improved from ₹44.23 lakh in Q3 FY2024.
- Depreciation and Employee Costs: The company's depreciation expense stood at ₹0.07 lakh, while employee costs were recorded at ₹2.00 lakh for the quarter.
Corporate Announcements
- The Board of Directors approved the unaudited financial results for Q3 FY2025 in a meeting held on January 30, 2025.
- The Statutory Auditors provided a limited review report, confirming compliance with applicable regulations.
- The company reaffirmed that it operates in a single business segment and does not require segmental reporting.
Management Commentary
The company's leadership emphasized its commitment to financial discipline and regulatory compliance while exploring opportunities for sustainable growth.Strategic Outlook
The company has yet to announce any strategic initiatives for revenue generation or diversification. Given the lack of revenue, continued losses, and financial position, investors may remain cautious. Future plans regarding restructuring or business expansion have not been disclosed.Stock Market Impact
With no revenue generation and continuous losses, investor sentiment could remain subdued. Any updates on strategic initiatives or turnaround plans will be crucial for future valuation.Conclusion
Skyline Ventures India Limited continues to report no revenue and sustained losses, raising concerns about its operational viability. While expenses have been controlled compared to last year, the company needs a clear strategy to generate income and achieve profitability.Investors are advised to monitor upcoming corporate actions and disclosures for any signs of business revival.