This is in reference to our letter dated November 03, 2025, intimating about convening of meeting of the Board of Directors of the Company, inter-alia, to consider and approve Unaudited ....
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Awaiting price reaction for this filing.
Shiva Global Agro Industries reported standalone Q2 FY26 revenue of ₹1,785.98 lakhs, up 24.1% YoY from ₹1,439.13 lakhs, but slipped into a net loss of ₹178.58 lakhs versus a loss of ₹174.40 lakhs in Q2 FY25. On a half-year basis, standalone revenue grew 46.4% YoY to ₹5,378.92 lakhs, with the company swinging to a small profit of ₹31.99 lakhs from a loss of ₹510.86 lakhs in H1 FY25. Consolidated Q2 revenue fell sharply to ₹4,632.01 lakhs (down ~51% YoY from ₹9,429.82 lakhs) with a consolidated net loss of ₹218.50 lakhs, mainly because the company divested its stakes in two subsidiaries – Shiva-Parvati Poultry Feed (51%) and Ghatprabha Fertilizers (61.53%) – in late 2024, which makes prior periods not directly comparable. The fertilizer segment, the company's main remaining business, remained in the red at the segment level. The statutory auditors, Falor Jhavar Khatod & Co., issued an unmodified limited review report.
The standalone business is improving on a half-year basis, but the standalone Q2 loss and steep consolidated revenue contraction are negatives. Shareholders should weigh the subsidiary divestments as the main reason consolidated numbers look weaker, while watching whether the fertilizer segment can return to profitability.