Shiva Mills Reports Reduced Net Loss for Q2 FY2026, Revenue Declines
Shiva Mills Limited, a Coimbatore-based textile company, released its Q2 and H1 FY2026 results. The company reduced its net loss to Rs 16.15 lakhs in Q2 FY2026 from Rs 71.88 lakhs in Q2 FY2025. However, revenue from operations decreased to Rs 3,044.45 lakhs from Rs 4,807.42 lakhs. For H1 FY2026, net loss reduced to Rs 78.60 lakhs from Rs 157.32 lakhs, while revenue declined to Rs 6,800.46 lakhs from Rs 9,228.92 lakhs. The company saw reductions in material costs, employee expenses, and finance costs. Total assets stood at Rs 10,817.67 lakhs with total equity of Rs 9,163.94 lakhs as of September 30, 2025.
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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
| Particulars (in Rs. lakhs) | Q2 FY2026 | Q2 FY2025 | H1 FY2026 | H1 FY2025 |
|---|---|---|---|---|
| Revenue from Operations | 3,044.45 | 4,807.42 | 6,800.46 | 9,228.92 |
| Net Loss | 16.15 | 71.88 | 78.60 | 157.32 |
| Total Income | 3,067.01 | 4,819.53 | 6,833.46 | 9,256.42 |
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.
Historical Stock Returns for Shiva Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.33% | -5.84% | -8.85% | -20.63% | -27.56% | +141.53% |
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