Shiva Mills Limited has submitted to the Exchange, the Audited Financial Results for the period ended March 31, 2026.
SHIVAMILLS · price
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Shiva Mills Limited reported audited results for FY2025-26 (year ended March 31, 2026). Revenue from operations declined to Rs 13,913.67 lakhs from Rs 16,930.54 lakhs in the previous year, representing a revenue decline of approximately 18%. However, the company significantly narrowed its net loss from Rs 381.12 lakhs to Rs 8.95 lakhs. Q4 FY26 showed strong recovery with profit of Rs 140.62 lakhs versus losses in all prior quarters. The Board did not recommend any dividend for FY2025-26. Statutory auditors M/s VKS Aiyer & Co completed their tenure and M/s CSR & Co. is proposed to be appointed. Cost and internal auditors were also appointed for FY2026-27. The auditors issued an unmodified (clean) opinion on the financial statements.
The 18% revenue decline reflects challenging textile market conditions, but the dramatic loss reduction from Rs 381 lakhs to Rs 9 lakhs signals strong cost control and operational improvement. The clean audit opinion and full debt repayment (borings reduced from Rs 988.58 lakhs to zero) are positive indicators for shareholders despite subdued topline performance.