Shiva Cement Q2 Results FY27: Revenue Up 37.25%, Loss Narrows, Revenue Rs 112.7 Cr, Net Loss Rs 22.85 Cr

Shiva Cement Ltd (SHIVACEM) Q2 Results FY27 announced on 23 October 2026, covering the company's financial performance for the July to September quarter. Revenue stood at Rs 112.7 Cr for the quarter and the company reported a net loss of Rs 22.85 Cr, with the loss smaller than a year earlier. The Shiva Cement Q2 Results FY27 compare each figure with the same quarter last year, as filed on the results date of 23 October 2026.

This Shiva Cement Q2 Results report is a results analysis of the July to September quarter against the same quarter of FY26. It covers the financial highlights, the business factors in the numbers, the outlook for the rest of FY27 and the risks to track next, starting with the Financial Highlights below.

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Shiva Cement Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 112.7 Cr	Rs 82.11 Cr	+37.25% YoY
Net Profit (PAT)	Rs -22.85 Cr	Rs -32.73 Cr	+30.19% YoY

Source: company filing for Shiva Cement Q2 Results FY27, 23 October 2026. Figures in Rs Crore.

Key Takeaways from Shiva Cement Q2 Results: What Stands Out

• Revenue rose to Rs 112.7 Cr, from Rs 82.11 Cr in the same quarter last year, a YoY growth of 37.25%.
• The net loss narrowed to Rs 22.85 Cr from Rs 32.73 Cr a year earlier, in the Shiva Cement Q2 Results FY27.
• Net profit margin improved to minus 20.3% from minus 39.9%, so the loss took a smaller share of revenue.
• The loss was Rs 9.88 Cr smaller than in the comparison quarter, while revenue was Rs 30.59 Cr higher.
• The company is still loss-making, which the performance analysis below keeps in view alongside the improvement.

Shiva Cement Q2 Results FY27: Performance Analysis

The Shiva Cement Q2 Results FY27 show revenue of Rs 112.7 Cr and a net loss of Rs 22.85 Cr for July to September 2026. Revenue was higher by Rs 30.59 Cr than a year earlier, and the loss was smaller by Rs 9.88 Cr. Higher sales with a narrower loss is the main point of this results analysis.

On YoY growth, revenue rose 37.25%, and the net margin moved to minus 20.3% from minus 39.9%. That means the loss now takes about a fifth of revenue, against close to two fifths a year earlier. For readers of the Shiva Cement Q2 Results, the direction is better, but the company still loses money on its sales.

Across the quarterly results, this quarter shows progress on the loss without a return to profit. Later filings in the Shiva Cement Q2 Results FY27 series will show whether the loss keeps shrinking as revenue grows. The Univest Screener helps compare these numbers with other cement makers by results date, and that comparison leads into the business factors.

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Key Business Factors This Quarter

Revenue Growth – The results analysis points first to revenue, which grew 37.3% year on year to Rs 112.7 Cr in the latest quarter. That rise of Rs 30.59 Cr is the largest change between the comparison quarter and the Shiva Cement Q2 Results FY27.

Narrower Net Loss – The net loss narrowed to Rs 22.85 Cr from Rs 32.73 Cr in the comparison quarter. In these quarterly results, the bottom line improved by Rs 9.88 Cr, though it stayed below zero.

Better Net Margin – Net profit margin improved to minus 20.3% from minus 39.9% in the comparison quarter. The supplied data confirms this change but does not establish its specific cause beyond the reported figures.

FY27 Outlook After Shiva Cement Q2 Results

The Shiva Cement Q2 Results give the second half of FY27 a base of Rs 112.7 Cr in quarterly revenue and a net loss of Rs 22.85 Cr. No management guidance came with the filing, so this results analysis does not project full-year numbers. The FY27 total will depend on the two remaining quarters and on whether the loss keeps narrowing.

In the results analysis that follows the Shiva Cement Q2 Results FY27, the useful test is whether the net loss shrinks again in the October to December quarter. Investors following the stock on the Univest app can track each quarterly filing as it arrives, and the risks below set out what could change that picture.

Key Risks to Watch After Shiva Cement Q2 Results FY27

Continuing Net Loss

The company reported a net loss of Rs 22.85 Cr in the latest quarter. The loss in the Shiva Cement Q2 Results FY27 is smaller than a year earlier, but the business has not yet returned to profit.

Negative Returns in FY26

Return on capital employed was minus 1.55% in FY26, and return on equity was also negative. Both ratios were below zero for the full year, so the FY27 annual figures will show whether they recover.

Wider Per-Share Losses

Loss on each share widened from Rs 1.22 in FY22 to Rs 4.26 in FY26. YoY growth in revenue is a positive sign, but the multi-year trend in per-share results has moved the wrong way.

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Conclusion

The Shiva Cement Q2 Results FY27 show revenue of Rs 112.7 Cr, a YoY growth of 37.25%, and a net loss of Rs 22.85 Cr against a loss of Rs 32.73 Cr a year earlier. These quarterly results show a smaller loss on higher sales, but no return to profit yet. Readers of the Shiva Cement Q2 Results should weigh the continuing loss and the negative FY26 returns. Investors should consult a SEBI-registered advisor before acting.

Frequently Asked Questions on Shiva Cement Q2 Results FY27

What are Shiva Cement Q2 Results FY27?

Ans. Shiva Cement Q2 Results FY27 show revenue of Rs 112.7 Cr and a net loss of Rs 22.85 Cr for July to September 2026, as the Quick Answer above sets out.

What is the results date for Shiva Cement Q2 Results FY27?

Ans. The results date for Shiva Cement Q2 Results FY27 was 23 October 2026, when the board approved the quarterly results. The opening paragraphs explain the quarter covered, so readers can match it to the Financial Highlights table.

What revenue was reported in Shiva Cement Q2 Results FY27?

Ans. Shiva Cement reported revenue of Rs 112.7 Cr for the July to September quarter, compared with Rs 82.11 Cr in the same quarter last year, which the Financial Highlights table sets out line by line.

What net profit was reported in Shiva Cement Q2 Results FY27?

Ans. Shiva Cement reported a net loss of Rs 22.85 Cr for the quarter, compared with a loss of Rs 32.73 Cr in the same quarter last year, which the Key Takeaways section covers in more detail.

How much YoY growth did revenue show in Shiva Cement Q2 Results FY27?

Ans. Revenue showed YoY growth of 37.25%, rising from Rs 82.11 Cr to Rs 112.7 Cr. Alongside this, the Performance Analysis section explains how the higher revenue came with a narrower net loss.

Did net profit rise or fall in Shiva Cement Q2 Results?

Ans. Shiva Cement Q2 Results show a net loss of Rs 22.85 Cr, narrower than the loss of Rs 32.73 Cr a year earlier, which the Performance Analysis section describes in detail.

What was the net profit margin in Shiva Cement Q2 Results FY27?

Ans. Net profit margin was about minus 20.3% in the July to September quarter, compared with roughly minus 39.9% a year earlier, so the Key Takeaways section lists it beside revenue.

How much did the net loss narrow in Shiva Cement Q2 Results FY27?

Ans. The net loss narrowed by Rs 9.88 Cr, from Rs 32.73 Cr to Rs 22.85 Cr in the July to September quarter, and the Performance Analysis section sets this beside the Rs 30.59 Cr rise in revenue.

What business factors shaped Shiva Cement Q2 Results FY27?

Ans. Shiva Cement Q2 Results FY27 were shaped by revenue growth of 37.3%, a net loss that narrowed by Rs 9.88 Cr and a better net margin, as listed in the Key Business Factors section.

What are the key risks after Shiva Cement Q2 Results FY27?

Ans. The key risks are the continuing net loss of Rs 22.85 Cr, negative FY26 returns on capital and a wider loss on each share since FY22, as covered in the Key Risks section.

What is the outlook after Shiva Cement Q2 Results?

Ans. Without guidance in the filing, the FY27 outlook rests on the October to March quarters, which is why the Outlook section names the figures from this quarter worth tracking.

Where can I find the complete Shiva Cement Q2 Results FY27 data?

Ans. The complete Shiva Cement Q2 Results FY27 figures appear in the Financial Highlights table in this article, and the Univest Screener lets investors compare these quarterly results with other companies by results date.