Shiva Mills Limited — Important, 11-11-2024: Financial Result Updates

For the quarter ended 30.09.2024, Shiva Mills Limited reported consolidated revenue from operations of ₹4,807.42 crore, marking an increase of 9% year-over-year from ₹4,212.35 crore. This revenue growth can be attributed to increased demand and operational improvements.

The company recorded a net loss of ₹71.88 crore, showing an improvement from a loss of ₹90.08 crore in the same quarter last year. Basic and diluted EPS stood at (₹0.83), compared to (₹1.04) previously.

Operational costs rose slightly to ₹4,907.34 crore, increasing by 3% year-over-year primarily due to higher material costs. The balance sheet reflects total assets of ₹12,172.11 crore, a minor decrease from ₹12,271.04 crore, with equity at ₹9,445.06 crore.

With ongoing efforts in cost management and potential market recovery, the outlook remains cautiously optimistic. Investors should consider a hold strategy given the improving loss figures and strategic focus on efficiency.