The Board of Directors have not recommended any dividend for the Financial Year 2024-25.
SHIVAMILLS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Shiva Mills Limited reported audited financial results for the quarter and year ended March 31, 2025. Revenue from operations grew to Rs 16,930.54 lakhs from Rs 15,791.91 lakhs in FY24, a rise of about 7%. However, the company posted a net loss of Rs 381.12 lakhs, wider than the Rs 324.91 lakhs loss in the previous year, with loss before tax of Rs 424.73 lakhs. EPS was Rs (4.41) versus Rs (3.76) earlier. The Board did not recommend any dividend for FY25. Net cash used in operating activities deteriorated sharply to Rs (1,730.76) lakhs from Rs (45.14) lakhs. The statutory auditor issued an unmodified (clean) opinion on the results.
Negative for shareholders: losses have widened for a second straight year, operating cash flow has turned sharply negative, and no dividend is being paid. The stock is likely to face pressure, though revenue growth and a clean audit opinion provide some support.