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SHALIMAR PAINTS
Quarterly Results Analysis [Mar2026]

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SHALIMAR PAINTS Quarterly Results

Consolidated Mar2026
UnAudited
Dec2025
UnAudited
Sep2025
UnAudited
Jun2025
UnAudited
Mar2025
Audited
Dec2024
UnAudited
Sep2024
UnAudited
Jun2024
UnAudited
Revenues ₹156 Cr ₹131 Cr ₹134 Cr ₹153 Cr ₹178 Cr ₹148 Cr ₹145 Cr ₹128 Cr
Expenses ₹154 Cr ₹142 Cr ₹140 Cr ₹161 Cr ₹186 Cr ₹164 Cr ₹158 Cr ₹150 Cr
Operating Income ₹2 Cr ₹-11 Cr ₹-6 Cr ₹-8 Cr ₹-8 Cr ₹-16 Cr ₹-13 Cr ₹-21 Cr
Other Income ₹1 Cr ₹1 Cr ₹3 Cr ₹2 Cr ₹7 Cr ₹1 Cr ₹1 Cr ₹1 Cr
Interest ₹6 Cr ₹7 Cr ₹6 Cr ₹6 Cr ₹5 Cr ₹5 Cr ₹4 Cr ₹3 Cr
Depreciation ₹5 Cr ₹5 Cr ₹5 Cr ₹5 Cr ₹4 Cr ₹4 Cr ₹4 Cr ₹4 Cr
Profit Before Tax ₹-8 Cr ₹-27 Cr ₹-14 Cr ₹-17 Cr ₹-10 Cr ₹-25 Cr ₹-20 Cr ₹-27 Cr
Profit After Tax ₹-7 Cr ₹-27 Cr ₹-14 Cr ₹-17 Cr ₹-10 Cr ₹-25 Cr ₹-20 Cr ₹-27 Cr
EPS ₹-0.88 ₹-3.18 ₹-1.69 ₹-1.99 ₹-1.19 ₹-2.93 ₹-2.34 ₹-3.23
Industry Peers & Returns1W1M1Y
SHALIMAR PAINTS -0.7% 5.4% -47.8%
ASIAN PAINTS 1.3% 5.5% 23.4%
BERGER PAINTS INDIA -1.1% -4.3% -9.3%
KANSAI NEROLAC PAINTS 0.5% -2.7% -14.6%
JSW DULUX 0.9% 9.6% 0.4%
INDIGO PAINTS 5.3% 4.2% -10.2%

SHALIMAR PAINTS Quarterly Revenues

Revenues
Q-o-Q

18.73 %

Y-o-Y

-12.53 %

Quarters Revenues % Change
Mar2026 ₹156 Cr
18.73
Dec2025 ₹131 Cr
-1.85
Sep2025 ₹134 Cr
-12.80
Jun2025 ₹153 Cr
-13.91
Mar2025 ₹178 Cr
20.06
Dec2024 ₹148 Cr
2.58
Sep2024 ₹145 Cr
12.79
Jun2024 ₹128 Cr -

SHALIMAR PAINTS Quarterly Operating Profit

Operating Profit
Q-o-Q

Positive

Y-o-Y

Positive

Quarters Operating Profit % Change
Mar2026 ₹2 Cr
Positive
Dec2025 ₹-11 Cr
Negative
Sep2025 ₹-6 Cr
Negative
Jun2025 ₹-8 Cr
Negative
Mar2025 ₹-8 Cr
Negative
Dec2024 ₹-16 Cr
Negative
Sep2024 ₹-13 Cr
Negative
Jun2024 ₹-21 Cr -
Operating Margins
Q-o-Q

Positive

Y-o-Y

Positive

Quarters Operating Margin% % Change
Mar2026 1.33%
Positive
Dec2025 -8.06%
Negative
Sep2025 -4.68%
Negative
Jun2025 -4.91%
Negative
Mar2025 -4.36%
Negative
Dec2024 -10.7%
Negative
Sep2024 -8.86%
Negative
Jun2024 -16.5% -

SHALIMAR PAINTS Quarterly Profit After Tax

Profit After Tax(PAT)
Q-o-Q

Negative

Y-o-Y

Negative

Quarters Profit After Tax % Change
Mar2026 ₹-7 Cr
Negative
Dec2025 ₹-27 Cr
Negative
Sep2025 ₹-14 Cr
Negative
Jun2025 ₹-17 Cr
Negative
Mar2025 ₹-10 Cr
Negative
Dec2024 ₹-25 Cr
Negative
Sep2024 ₹-20 Cr
Negative
Jun2024 ₹-27 Cr -
PAT Margins
Q-o-Q

Negative

Y-o-Y

Negative

Quarters PAT Margin(%) % Change
Mar2026 -4.74 %
Negative
Dec2025 -20.29 %
Negative
Sep2025 -10.57 %
Negative
Jun2025 -10.86 %
Negative
Mar2025 -5.59 %
Negative
Dec2024 -16.54 %
Negative
Sep2024 -13.56 %
Negative
Jun2024 -21.07 % -

SHALIMAR PAINTS Quarterly Earnings Per Share (EPS)

EPS
Q-o-Q

Negative

Y-o-Y

Negative

Quarters EPS % Change
Mar2026 ₹-0.88
Negative
Dec2025 ₹-3.18
Negative
Sep2025 ₹-1.69
Negative
Jun2025 ₹-1.99
Negative
Mar2025 ₹-1.19
Negative
Dec2024 ₹-2.93
Negative
Sep2024 ₹-2.34
Negative
Jun2024 ₹-3.23 -

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