Result of the Board Meeting dated 28th April 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shiva Cement posted a sharply wider net loss of ₹14,247.68 lakh for FY25, almost double the ₹6,832.48 lakh loss in FY24. Revenue from operations fell about 10% YoY to ₹31,117.22 lakh from ₹34,681.23 lakh. Quarterly (Q4 FY25) loss stood at ₹5,321.88 lakh on revenue of ₹10,633.98 lakh. Costs remained heavy, with finance costs rising to ₹11,540.42 lakh and depreciation climbing to ₹4,207.34 lakh, while power & fuel expenses stayed elevated at ₹12,962.55 lakh. Accumulated losses reached ₹43,387.11 lakh, prompting the auditor to flag a material uncertainty on going concern, though the ₹40,000 lakh rights issue turned net worth positive at ₹10,336 lakh.
The auditor's going-concern flag combined with a doubled annual loss and continued cash burn (₹5,650 lakh used in operations) signals continued financial stress that could weigh on the stock. Positive: the rights-issue infusion has rescued the balance sheet and management is betting on an operational turnaround plan.