Shiva Mills announced its unaudited financial results for the quarter ended 31st December 2025, showing a net loss of ₹70.97 lakhs compared to ₹146.97 lakhs loss in the corresponding quarter of the previous year. Despite the year-on-year improvement in losses, the company faced revenue challenges with declining operational performance.

Quarterly Financial Performance

The company's revenue from operations declined to ₹3,425.81 lakhs in Q3FY26 from ₹3,597.73 lakhs in Q3FY25, representing a decrease in top-line performance. Total income, including other income of ₹39.34 lakhs, stood at ₹3,465.15 lakhs for the quarter.

Cost Structure and Expenses

Total expenses for Q3FY26 amounted to ₹3,553.97 lakhs compared to ₹3,780.98 lakhs in Q3FY25. The major expense components included cost of materials consumed at ₹2,317.51 lakhs, employee benefits expense of ₹374.42 lakhs, and other expenses of ₹425.99 lakhs. The company reported changes in inventories of ₹245.34 lakhs during the quarter.

Nine-Month Performance Analysis

For the nine-month period ended 31st December 2025, Shiva Mills reported improved performance with a net loss of ₹149.57 lakhs compared to ₹304.29 lakhs loss in the corresponding period of the previous year. However, revenue from operations declined significantly to ₹10,226.27 lakhs from ₹12,826.65 lakhs in the previous year.

Earnings Per Share and Other Metrics

The company reported basic and diluted earnings per share of ₹(0.82) for Q3FY26 compared to ₹(1.70) in Q3FY25. For the nine-month period, earnings per share stood at ₹(1.73) compared to ₹(3.52) in the previous year. The paid-up equity share capital remained unchanged at ₹864.18 lakhs with a face value of ₹10 per share.

Board Meeting and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 5th February 2026. The board meeting commenced at 3:00 PM and concluded at 4:50 PM. The results have been prepared in accordance with Indian Accounting Standards and were subject to limited review by statutory auditors VKS Aiyer & Co., Chartered Accountants, Coimbatore. The company operates solely in the textile business segment and does not have any subsidiaries or associates.

Shiva Mills Limited , a textile company based in Coimbatore, has released its unaudited financial results for the second quarter and first half of the fiscal year 2025-26. The company's performance shows a mixed picture with reduced losses but declining revenue.

Financial Highlights

Quarterly Performance

For the quarter ended September 30, 2025, Shiva Mills reported a significant reduction in net loss to Rs 16.15 lakhs, compared to a loss of Rs 71.88 lakhs in the same quarter of the previous year. However, the company's revenue from operations decreased to Rs 3,044.45 lakhs, down from Rs 4,807.42 lakhs in Q2 FY2025.

Half-Yearly Results

The company's performance for the first half of FY2026 also showed a reduction in net loss to Rs 78.60 lakhs, compared to Rs 157.32 lakhs in the corresponding period of the previous year. Revenue from operations for the six-month period stood at Rs 6,800.46 lakhs, a decrease from Rs 9,228.92 lakhs in H1 FY2025.

Operational Overview

Shiva Mills operates solely in the textile business segment. The company's total income for Q2 FY2026 was Rs 3,067.01 lakhs, which includes other income of Rs 22.56 lakhs. For the half-year, total income stood at Rs 6,833.46 lakhs.

Cost Management

The company has seen some changes in its cost structure:

• Cost of materials consumed decreased to Rs 5,019.79 lakhs in H1 FY2026 from Rs 7,467.35 lakhs in H1 FY2025.
• Employee benefit expenses reduced to Rs 768.18 lakhs from Rs 919.12 lakhs year-over-year for the half-year period.
• Finance costs significantly decreased to Rs 28.56 lakhs in H1 FY2026 from Rs 61.90 lakhs in H1 FY2025.

Balance Sheet Position

As of September 30, 2025, Shiva Mills reported:

• Total assets of Rs 10,817.67 lakhs
• Total equity of Rs 9,163.94 lakhs
• Current liabilities of Rs 1,461.08 lakhs, a significant reduction from Rs 2,391.67 lakhs as of March 31, 2025

Management Commentary

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 5, 2025. The company's statutory auditors, M/s. VKS Aiyer & Co., Chartered Accountants, have carried out a limited review of the results.

While Shiva Mills has managed to reduce its losses, the decline in revenue suggests ongoing challenges in the textile sector. The company's efforts in cost management are evident, but it remains to be seen how it plans to address the revenue decline in the coming quarters.