Shiva Mills Limited has informed the Exchange regarding ''.
SHIVAMILLS · price
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Shiva Mills Limited, a textile company based in Coimbatore, announced its audited financial results for the quarter and full year ended 31 March 2025. Full-year revenue from operations rose to ₹16,930.54 lakhs from ₹15,791.91 lakhs in FY24, a growth of about 7.2%, but the company reported a net loss of ₹381.12 lakhs, wider than the ₹324.91 lakhs loss in the previous year. Q4 performance was weaker, with revenue falling roughly 13% year-on-year to ₹4,103.89 lakhs and a net loss of ₹76.83 lakhs against a small profit in Q4 FY24. The statutory auditor M/s VKS Aiyer & Co. issued an unmodified (clean) opinion, but the company's operating cash flow was sharply negative at around ₹(1,730.76) lakhs. The Board did not recommend any dividend, approved a partial modification of remuneration for the Managing Director and Joint Managing Director, and re-appointed/appointed various auditors.
Despite modestly higher full-year revenue, the company continues to post losses and burn cash from operations, which is a negative signal for shareholders. The absence of a dividend and the widening loss are likely to weigh on the stock, although the clean audit opinion and stable promoter-run management limit governance concerns.