Shalimar Paints' Q2 FY 2025-26 Quarterly Results

Result Summary

• Shalimar Paints Ltd reported a 11.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 6.2%.
• Its expenses for the quarter were down by 11.9% QoQ and 8.7% YoY.
• The net profit decreased 15.2% QoQ and decreased 27.9% YoY.
• The earnings per share (EPS) of Shalimar Paints Ltd declined at 1.69 during Q2 FY 2025-26.

Financial Statments for Q2 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 a company operating in the paints and coatings industry, primarily involved in the manufacturing and distribution of decorative paints, industrial coatings, and related products. The company has a long-standing presence in the Indian market and is known for delivering a range of solutions tailored for residential, commercial, and industrial applications. Shalimar Paints Ltd has historically focused on innovation and quality in its product offerings to compete in a sector characterized by evolving customer preferences and technological advancements. However, specific recent developments pertaining to Shalimar Paints Ltd are not available in the provided data.

Revenue

In the second quarter of FY26, Shalimar Paints Ltd reported a total income of ₹137.12 crores, reflecting an 11.5% decrease from the previous quarter (Q1FY26), which had a total income of ₹155.02 crores. Year-over-year analysis shows a 6.2% decline in total income from Q2FY25, where the total income stood at ₹146.13 crores. The decrease in total income both on a quarterly and yearly basis highlights a contraction in revenue generation during this period. However, the specific factors contributing to this decline are not delineated in the data provided.

Profitability

The profitability metrics for Shalimar Paints Ltd indicate a negative trend. The company recorded a loss before tax of ₹14.14 crores in Q2FY26, which marks a 15.2% improvement from a higher loss of ₹16.67 crores in Q1FY26. When compared to the same quarter in the previous fiscal year (Q2FY25), where the loss before tax was ₹19.62 crores, there is a notable improvement of 27.9%. The profit after tax mirrors the profit before tax due to an absence of tax expenses, remaining at a loss of ₹14.14 crores for Q2FY26. Earnings per share (EPS) also improved, recorded at -₹1.69 in Q2FY26, compared to -₹1.99 in Q1FY26, and -₹2.34 in Q2FY25, reflecting improvements of 15.1% and 27.8% respectively.

Operating Metrics

The company's operating metrics, reflected through total expenses, show a reduction to ₹151.26 crores in Q2FY26, down from ₹171.69 crores in Q1FY26, marking an 11.9% decrease quarter-over-quarter. Year-over-year, there is an 8.7% decrease in total expenses from ₹165.75 crores in Q2FY25. This decrease in expenses is consistent with the declining revenue, suggesting potential cost management efforts or reductions in operating activities. The data provided does not include further details on specific operational adjustments or strategies implemented during this period.