Shiva Cement Ltd

Shiva Cement Q2 FY2025 Results: Losses Mount Amid Rising Costs 📉

- Net loss of ₹6,300.50 lakh for H1 FY2025 (ended Sep 30)

- Accumulated losses reach ₹49,677.03 lakh

- Revenue grows to ₹18,771.99 lakh, up from ₹14,714.31 lakh YoY

- Total expenses hit ₹26,768.59 lakh, with power/fuel costs at ₹7,744.58 lakh

- Finance costs remain high at ₹5,172.90 lakh

- Total assets stand at ₹191,273.02 lakh (₹172,521.16 lakh non-current)

- Total liabilities at ₹187,226.89 lakh, including ₹160,186.62 lakh borrowings

- Auditors note going concern status despite losses

- Ongoing legal matter regarding grinding unit transfer from Bhushan Power

- Management expresses optimism about operational improvements