Whalesbook
Shiva Mills Returns to Profitability in Fiscal Year 2026
Shiva Mills Limited has announced a net profit of ₹0.09 crore for the fiscal year ended March 31, 2026. This marks a significant recovery from a net loss of ₹3.81 crore reported in the previous fiscal year.
Financial Highlights for FY26
The company reported a net profit of ₹1.41 crore for the fourth quarter of FY26, a substantial improvement from the ₹-0.71 crore net loss recorded in the same quarter of the prior year. For the full fiscal year 2025-26, the positive net profit of ₹0.09 crore signals a shift from the FY25 net loss of ₹3.81 crore.
Investor Implications
This return to annual profitability is a key positive indicator for investors, suggesting that Shiva Mills may be stabilizing its operations. The company also experienced a cash outflow of ₹10.28 crore from financing activities, which could point to a reduction in outstanding borrowings.
Board Decisions and Auditor Change
Despite achieving profitability, the board of directors has decided against recommending a dividend for FY26. In a separate decision, M/s CSR & Co. is proposed as the new statutory auditor for a five-year term beginning April 1, 2026, succeeding M/s VKS Aiyer & Co.
Future Outlook and Risks
Investors will be closely watching the company's ability to sustain this profitability in upcoming quarters. Key factors to monitor include ongoing debt management strategies and the effectiveness of operational efficiency improvements to gauge the company's long-term financial health.
Key Financial Metrics
- Revenue from Operations: ₹36.87 crore for Q4 FY26, compared to ₹34.26 crore in Q4 FY25.
- Net Profit/(Loss) for Q4: ₹1.41 crore in FY26, versus ₹-0.71 crore in FY25.
- Total Assets: Stood at ₹107.27 crore as of March 31, 2026.