Shalimar Paints Limited

Key Quantitative Figures - Standalone Results

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹114.52 crore
  • Other income: ₹0.98 crore
  • Total income: ₹115.50 crore
  • Total expenses: ₹147.49 crore
  • Loss before exceptional items and tax: ₹(31.99) crore
  • Loss before tax: ₹(31.99) crore
  • Loss for the period: ₹(31.99) crore
  • Total comprehensive loss: ₹(31.56) crore
  • Basic loss per share: ₹(3.82)
  • Diluted loss per share: ₹(3.82)

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹250.71 crore
  • Other income: ₹2.04 crore
  • Total income: ₹252.75 crore
  • Total expenses: ₹305.52 crore
  • Loss before exceptional items and tax: ₹(52.77) crore
  • Loss before tax: ₹(52.77) crore
  • Loss for the period: ₹(52.77) crore
  • Total comprehensive loss: ₹(50.77) crore
  • Basic loss per share: ₹(6.30)
  • Diluted loss per share: ₹(6.30)

Comparative Figures (Quarter):

  • Q2 FY26 Revenue: ₹132.11 crore
  • Q2 FY26 Loss: ₹(13.87) crore
  • Q1 FY27 Revenue: ₹136.19 crore
  • Q1 FY27 Loss: ₹(20.78) crore

Key Quantitative Figures - Consolidated Results

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹115.67 crore
  • Other income: ₹0.77 crore
  • Total income: ₹116.44 crore
  • Total expenses: ₹148.99 crore
  • Loss before exceptional items and tax: ₹(32.55) crore
  • Loss before tax: ₹(32.55) crore
  • Loss for the period: ₹(32.55) crore
  • Total comprehensive loss: ₹(32.08) crore
  • Basic loss per share: ₹(3.89)
  • Diluted loss per share: ₹(3.89)

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹253.39 crore
  • Other income: ₹1.66 crore
  • Total income: ₹255.05 crore
  • Total expenses: ₹308.86 crore
  • Loss before exceptional items and tax: ₹(53.81) crore
  • Loss before tax: ₹(53.81) crore
  • Loss for the period: ₹(53.81) crore
  • Total comprehensive loss: ₹(51.77) crore
  • Basic loss per share: ₹(6.43)
  • Diluted loss per share: ₹(6.43)

Balance Sheet Highlights (Standalone as at September 30, 2026)

  • Total assets: ₹608.23 crore
  • Non-current assets: ₹240.41 crore
  • Current assets: ₹294.39 crore
  • Assets held for sale: ₹73.43 crore
  • Total equity: ₹187.21 crore
  • Equity share capital: ₹16.74 crore
  • Other equity: ₹170.47 crore
  • Total liabilities: ₹421.02 crore
  • Current liabilities: ₹396.97 crore
  • Borrowings (current): ₹139.35 crore

Asset Sale Decision

The Company decided to sell its land and building located at Howrah with an aggregate carrying amount of ₹73.43 crore. These assets have been classified as held for sale in accordance with Ind AS 105.

Subsidiaries Included in Consolidation

1. Shalimar Adhunik Nirman Limited

2. IM Inicio Projects Private Limited

Performance Highlights for Half Year Ended September 30, 2026

  • Decorative paints contribution increased by 5 percentage points in overall business mix
  • Expected margin improvement of approximately 3% going forward
  • Significant cost savings through overhead rationalization
  • Average Selling Price increased year-on-year by 18% in Decorative Paints and 13% in Industrial Paints
  • 13% reduction in debtors through improved collection efficiency

Cash Flow Highlights (Standalone Half Year)

  • Net cash generated from operating activities: ₹5.34 crore
  • Net cash used in investing activities: ₹(17.30) crore
  • Net cash used in financing activities: ₹(12.86) crore
  • Net change in cash and cash equivalents: ₹(5.15) crore

Capital Structure

  • Paid-up equity share capital: ₹16.74 crore (face value of ₹2 per share)
  • No change in share capital during the period