Submission of pdf of the standalone Financial Results along with Declaration for the Quarter and year end 31st March 2025.
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Awaiting price reaction for this filing.
Shiva Cement Ltd reported its audited standalone results for the quarter and year ended March 31, 2025. Revenue from operations fell to ₹31,117.22 lakhs from ₹34,681.23 lakhs in the previous year, a decline of about 10%. The company posted a net loss of ₹14,247.68 lakhs for FY25, more than double the ₹6,832.48 lakhs loss in FY24. Total expenses rose sharply to ₹48,000.55 lakhs, driven by high finance costs (₹11,540.42 lakhs), power and fuel (₹12,962.55 lakhs), and depreciation (₹4,207.34 lakhs). The auditor (Shah Gupta & Co.) issued an unmodified opinion but flagged material uncertainty on going concern, noting accumulated losses of ₹43,387.11 lakhs. The company turned net-worth positive via a ₹40,000 lakh rights issue completed in May 2024.
For shareholders: The widening losses, negative operating cash flow (₹5,650.23 lakhs), and very high debt (₹141,377 lakhs) against thin equity (₹10,336 lakhs) raise sustainability concerns, though the rights issue has provided a temporary cushion. The stock may face pressure given continued operational losses, but the going concern assumption still holds based on management's business plan and the fresh capital infusion.