Shalimar Paints' Q1 FY 2025-26 Quarterly Results

Result Summary

• Shalimar Paints Ltd reported a 5.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 20.0%.
• Its expenses for the quarter were down by 0.9% QoQ and up 9.9% YoY.
• The net profit decreased 36.9% QoQ and decreased 38.4% YoY.
• The earnings per share (EPS) of Shalimar Paints Ltd declined at 2 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Shalimar Paints Ltd is an established entity in the paint and coatings industry, primarily engaged in the production and distribution of decorative and industrial paints. Known for its wide range of products, the company caters to both residential and commercial markets, offering a variety of paint types including emulsions, enamels, and specialized coatings. The company has historically been recognized for its innovative approach and has a significant presence in the Indian market. As of the information available, any recent major developments about Shalimar Paints Ltd are not specified.

Revenue

Shalimar Paints Ltd reported a total income of ₹155.02 crores in Q1FY26, marking a sequential increase of 5.5% from the ₹146.90 crores recorded in Q4FY25. Compared to the previous year, when the total income was ₹129.19 crores in Q1FY25, there is a notable year-over-year growth of 20.0%. This upward trajectory in revenue suggests that the company has been able to enhance its sales performance over the past year, despite prevailing market conditions.

Profitability

In terms of profitability, Shalimar Paints Ltd reported a loss before tax of ₹16.67 crores in Q1FY26, an improvement from a loss of ₹26.42 crores in the previous quarter, Q4FY25. This represents a 36.9% quarter-over-quarter reduction in losses. When compared year-over-year with Q1FY25, where the loss was ₹27.04 crores, the decrease is 38.4%. The company has reported no tax liabilities, maintaining a net loss position. Correspondingly, the earnings per share (EPS) improved to -₹2.00 from -₹3.20 in both Q4FY25 and Q1FY25, indicating a similar percentage reduction in losses of 37.5% on both QoQ and YoY comparisons.

Operating Metrics

Shalimar Paints Ltd's operating metrics show a consistent pattern of managing its expenses relative to income. Total expenses for Q1FY26 were ₹171.69 crores, slightly down by 0.9% from ₹173.32 crores in Q4FY25. Year-over-year, the total expenses increased by 9.9% from ₹156.23 crores in Q1FY25. Despite the increase in expenses compared to the previous year, the company's ability to reduce expenses quarterly suggests adjustments in operational efficiencies or cost management strategies. The lack of tax expenses further emphasizes that the company remains in a loss-making position, focusing on stabilizing its core operational metrics.