Shiva Cement Q2 FY27: Revenue Rs 112.70 cr; net loss narrows to Rs 22.85 cr

What the numbers show

• Net margin was -20.28% of revenue, against -39.86% a year earlier.

• Revenue rose 37.3% while total expenses rose 18.5%.

• Basis: Standalone statement of unaudited financial results

• Quarter reported: Quarter ended 30.09.2026 (Q2 FY27)

• Comparative quarter: Quarter ended 30.09.2025 (Q2 FY26)

• Revenue from operations: Rs 112.70 cr (Q2 FY27) vs Rs 82.11 cr (Q2 FY26)

• Other income: Rs 0.9956 cr vs Rs 1.31 cr

• Total Income (I+II): Rs 113.70 cr vs Rs 83.42 cr

• Cost of materials consumed: Rs 30.92 cr vs Rs 26.16 cr

• Changes in inventories of finished goods, work-in-progress: Rs (22.01) cr vs Rs (17.88) cr

• Employee benefits expense: Rs 6.77 cr vs Rs 7.21 cr

• Finance costs: Rs 35.33 cr vs Rs 31.43 cr

• Depreciation and amortisation expense: Rs 11.41 cr vs Rs 10.39 cr

• Power and fuel: Rs 52.89 cr vs Rs 41.09 cr

• Freight and forwarding expense: Rs 7.34 cr vs Rs 5.89 cr

• Other expenses: Rs 19.47 cr vs Rs 15.64 cr

• Total Expenses (IV): Rs 142.13 cr vs Rs 119.92 cr

• Loss before tax (VII): Rs (28.44) cr vs Rs (36.50) cr

• Deferred tax: Rs (5.58) cr vs Rs (3.77) cr

• Net loss for the period (IX): Rs (22.85) cr vs Rs (32.73) cr

• Total other comprehensive income: Rs 0.1521 cr vs Rs 0.1368 cr

• Total comprehensive loss (XI): Rs (22.70) cr vs Rs (32.59) cr

• Paid-up equity share capital: Rs 59.00 cr vs Rs 59.00 cr

• Earnings per share – Basic and Diluted: Rs (0.77) vs Rs (1.11)

According to the statement of unaudited financial results, Shiva Cement Limited reported higher revenue from operations in the quarter ended 30.09.2026, at Rs 112.70 cr, compared with Rs 82.11 cr in the corresponding quarter ended 30.09.2025. Total Income (I+II) increased to Rs 113.70 cr from Rs 83.42 cr over the same period. Other income declined to Rs 0.9956 cr from Rs 1.31 cr.

On the cost side, Total Expenses (IV) rose to Rs 142.13 cr in Q2 FY27 from Rs 119.92 cr in Q2 FY26. Key expense lines that moved up year-on-year include Cost of materials consumed at Rs 30.92 cr vs Rs 26.16 cr, Finance costs at Rs 35.33 cr vs Rs 31.43 cr, Depreciation and amortisation expense at Rs 11.41 cr vs Rs 10.39 cr, Power and fuel at Rs 52.89 cr vs Rs 41.09 cr, Freight and forwarding expense at Rs 7.34 cr vs Rs 5.89 cr, and Other expenses at Rs 19.47 cr vs Rs 15.64 cr. Changes in inventories of finished goods, work-in-progress stood at Rs (22.01) cr compared with Rs (17.88) cr a year earlier.

Loss before tax (VII) for the quarter was Rs (28.44) cr, compared with Rs (36.50) cr in the corresponding prior quarter. After Deferred tax of Rs (5.58) cr vs Rs (3.77) cr, Net loss for the period (IX) came in at Rs (22.85) cr, narrower than Rs (32.73) cr a year ago. Total other comprehensive income was Rs 0.1521 cr vs Rs 0.1368 cr, leading to a Total comprehensive loss (XI) of Rs (22.70) cr vs Rs (32.59) cr. Paid-up equity share capital remained at Rs 59.00 cr, and Earnings per share (Basic and Diluted, not annualised) were reported at Rs (0.77) compared with Rs (1.11) in the corresponding quarter.