Shalimar Paints Q1 net loss narrows to Rs 2.10 cr

Hit by fall in sales, Shalimar paints today posted a net loss of Rs 2.10 crore in the first quarter ended June 30.

The company had clocked a net loss of Rs 3.13 crore in the year ago period.

Net sales of the company decreased to Rs 86.07 crore in the April-June period of current financial year from Rs 113.30 crore in the same period in 2014-15 fiscal, as per BSE filing of Shalimar Paints.

The company has three manufacturing units. It also has 54 branches and depots across the country.