Shalimar Paints Ltd on Wednesday reported narrowing of its consolidated net loss to Rs 13.93 crore for September quarter FY26. The company had reported a net loss of Rs 19.37 crore for the July-September period a year ago, according to a regulatory filing from Shalimar Paints. Revenue from operations was down to Rs 133.81 crore in September quarter FY26 from Rs 144.74 crore a year ago. Total expenses were at Rs 151.26 crore, down 8.7 per cent year-on-year. Total income, which includes other income, was at Rs 137.12 crore, falling 6.16 per cent year-on-year. However, in the first half (H1) of FY26, total consolidated revenue was at Rs 293.24 crore, up 6.5 per cent. Shares of Shalimar Paints Ltd on Wednesday were trading at Rs 76.32 apiece, up 2.68 per cent from the previous close.
The transaction resulted in a change of more than 2 per cent of the total shareholding of Urvi Jindal
Significant moderation in sales volume due to rural market slowdown, impact of heightened competition and increase in raw-material prices likely to impact profitability of the paint industry.
CLSA downgrades Asian Paints to 'sell'
Jindal family-backed paint company taken up goal of modernising plants, enhancing capacity
Shares of related companies have gained up to 84 per cent, as against a 14 per cent rise in the S&P BSE Sensex
The improved liquidity position, increased reach and distribution network through Hella is expected to improve the operating margins of the company going forward
Paint companies Asian Paints and Berger Paints have taken high-single-digit price increases across their portfolio in a move to offset the rising inputs costs, indicate reports
The recent reversal in paint stocks may see aggravated buying momentum after conquering significant resistances
The stock soared 13% to Rs 158, also its 52-week high on the BSE, on back of heavy volumes.