Bhubaneswar, Aug. 26 -- https://images.odishatv.in/uploadimage/library/16_9/16_9_0/recent_photo_1756200339.webp
Shiva Cement Ltd, part of the JSW Group, reported a revenue increase in the June quarter even as losses widened, reflecting sustained cost pressures amid expansion efforts.
The Odisha-based company posted standalone net sales of Rs 105.61 crore, a 9.3% rise year-on-year compared to Rs 96.61 crore in the June 2024 quarter. However, net loss stood at Rs 30.28 crore, deepening from Rs 21.65 crore a year earlier.
Operating performance was impacted, with EBITDA slipping into the red at Rs 0.74 crore, against a positive Rs 9.70 crore in the previous year's quarter.
On the stock market, Shiva Cement closed at Rs 32.04 on August 25 an...