Results - Announcements
Shalimar Paints Ltd share price ticked higher by 2.60% to Rs 82.5 after the company's net profit surged by 53.10% to Rs 32.55 crore, while revenue from operations slipped 16.01% to Rs 115.67 crore in Q3FY26 over Q2FY26.
The market capitalization of Paints industry group stocks on BSE stood at Rs 3.62 lakh crore, surging by 15.28%. It has eased by 1.68% over last one week and slid back by 14.47% in last one month while the market capitalization of Shalimar Paints Ltd has marginally improved by 1.40% and 22.91% in the same period respectively.
Profit before tax (PBT) of Shalimar Paints Ltd stood at Rs 32.55 crore in Q3 FY26, rallying 130.20% year-on-year, and expanding by 53.10% quarter-on-quarter. EBITDA came in at Rs 24 crore, jumping 148.07% YoY and jumping 81.78% sequentially.
Total expenses marginally dropped 7.27% to Rs 143.7 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 81.34 crore, tumbling by 23.87% YoY, while employee benefits expense was at Rs 18.03 crore, registering a marginal contraction of 1.31% YoY.
For the TTM ended FY26, revenue from operations eased 4.03% to Rs 575.63 crore, while net profit dropped 19.98% to Rs 64.95 crore, compared to previous TTM. EBITDA tanked by 6473% to Rs 28.92 crore, and PBT declined 19.44% to Rs 65.39 crore compared to previous TTM.
The company's consolidated net cash flow from operating activities stood at Rs 23.35 crore in FY26, as against Rs 58.63 crore in FY25.
Shalimar Paints Ltd advanced by 5.93% in last one year, significantly outperforming the benchmark BSE Sensex which has declined by 13.19% during the same period.