Results - Announcements
Shalimar Paints Ltd share price slipped 1.25% to Rs 81.47 after the company's net profit surged by 53.10% to Rs 32.55 crore, while revenue from operations declined 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, jumping 15.28%. It has slipped by 0.94% over last one week and dropped by 14.85% in last one month while the market capitalization of Shalimar Paints Ltd has marginally improved by 0.73% and 22.20% in the same period respectively.
Profit before tax (PBT) of Shalimar Paints Ltd stood at Rs 32.55 crore in Q3 FY26, surging by 130.20% year-on-year, and expanding by 53.10% quarter-on-quarter. EBITDA came in at Rs 24 crore, rallying 148.07% YoY and jumping 81.78% sequentially.
Total expenses eased by 7.27% to Rs 143.7 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 81.34 crore, registering a fall of 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 softened by 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 contracted 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 climbed 5.26% in last one year, significantly outperforming the benchmark BSE Sensex which has reduced by 13.45% during the same period.