Shalimar Paints' Q1 FY 2026-27 Quarterly Results

Result Summary

• Shalimar Paints Ltd reported a 11.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a decline of 10.6%.
• Its expenses for the quarter were down by 2.9% QoQ and 6.9% YoY.
• The net profit increased 187.7% QoQ and increased 27.5% YoY.
• The earnings per share (EPS) of Shalimar Paints Ltd declined at 2.54 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

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 well-established entity in the paint industry, primarily engaged in the manufacturing and distribution of a variety of paints and coatings. The company is known for its range of decorative paints, industrial coatings, and specialty chemicals that cater to both residential and commercial applications. Shalimar Paints has been a part of the Indian market for several decades and is recognized for its innovation and commitment to quality in the paint sector. As of the data provided, there are no specific recent developments mentioned. However, the company continues to operate in a competitive market characterized by both domestic and international players.

Revenue

In the first quarter of FY27, Shalimar Paints Ltd reported total income of ₹138.61 crores. This figure represents a decline of 11.6% compared to the previous quarter (Q4FY26) when the total income was ₹156.81 crores. Year-over-year (YoY) comparison with Q1FY26, which recorded a total income of ₹155.02 crores, shows a decrease of 10.6%. This decline in total income over both the quarter and the year suggests challenges in revenue generation during the period under review. The data provided does not specify the underlying factors contributing to this revenue performance.

Profitability

The financial data for Q1FY27 indicates that Shalimar Paints Ltd experienced a loss before tax amounting to ₹21.26 crores. This reflects an increase in the loss by 171.5% from the previous quarter's loss of ₹7.83 crores. Compared to the same period in the prior year (Q1FY26), where the loss before tax was ₹16.67 crores, there is a 27.5% increase in loss. Consequently, the profit after tax (PAT) also reflects a similar trend with a loss of ₹21.26 crores in Q1FY27, marking an increase in the loss by 187.7% QoQ from ₹7.39 crores in Q4FY26. The YoY increase in PAT loss stands at 27.5%. Earnings per share (EPS) for the current quarter is reported at a loss of ₹2.54, compared to a loss of ₹0.88 in the previous quarter and ₹1.99 in Q1FY26, demonstrating a 188.6% QoQ and 27.6% YoY increase in losses per share.

Operating Metrics

The total expenses for Shalimar Paints Ltd in Q1FY27 were ₹159.87 crores, a slight decrease of 2.9% from the previous quarter's expenses of ₹164.64 crores. This is also a 6.9% reduction compared to the expenses of ₹171.69 crores reported in Q1FY26. Despite the reduction in expenses, the company has not managed to achieve profitability, as indicated by the negative profit figures. The tax component for Q1FY27 is reported at ₹0.00, reflecting a change from the previous quarter's tax benefit of ₹0.44 crores. This tax figure remains unchanged from Q1FY26. The financial data provided does not include additional operating metrics such as asset utilization or liquidity ratios, thus limiting further analysis in this area.