Shiva Mills Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
SHIVAMILLS · price
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Shiva Mills Limited reported a net loss of Rs 381.12 lakhs for FY25, wider than the Rs 324.91 lakh loss in FY24. Revenue from operations grew modestly to Rs 16,930.54 lakhs from Rs 15,791.91 lakhs (~7% growth), but higher material and operating costs pushed total expenditure to Rs 17,516.35 lakhs, exceeding total income. The company has not declared any dividend for FY25. Statutory auditors VKS Aiyer & Co issued an unmodified (clean) opinion on the results. The board also approved partial modification of remuneration for the Managing Director and Joint Managing Director effective August 31, 2025, subject to shareholder approval, and re-appointed the Cost, Internal and Secretarial Auditors.
Continued losses and no dividend are negative signals for shareholders, although revenue growth and a clean audit opinion provide some comfort. Negative operating cash flow in FY25 (~Rs 45 lakh) raises concerns about cash generation despite slightly higher topline.