Shalimar Paints Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Shalimar Paints Ltd reported a 2.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 1.0%.
- Its expenses for the quarter were up by 4.4% QoQ and 8.8% YoY.
- The net profit increased 22.2% QoQ and increased 107.8% YoY.
- The earnings per share (EPS) of Shalimar Paints Ltd declined at 2.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 148.99 | 146.13 | 147.48 | 2.0% | 1.0% |
Total Expenses | 172.97 | 165.75 | 159.02 | 4.4% | 8.8% |
Profit Before Tax | -23.98 | -19.62 | -11.54 | 22.2% | 107.8% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | -23.98 | -19.62 | -11.54 | 22.2% | 107.8% |
Earnings Per Share | -2.90 | -2.30 | -1.40 | 26.1% | 107.1% |
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 prominent company in the Indian paint industry, known for manufacturing and marketing a wide range of decorative and industrial paints. Established in 1902, Shalimar Paints has a long-standing history of serving the market with a diverse portfolio that includes emulsions, enamels, distempers, and primers. Over the years, the company has expanded its operations across various regions in India, establishing a robust distribution network. While specific recent developments are not detailed in the provided data, Shalimar Paints has historically focused on innovation and expanding its product range to meet the evolving demands of consumers and industries alike.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Shalimar Paints Ltd reported a total income of ₹148.99 crores. This represents a quarter-over-quarter (QoQ) increase of 2.0% from ₹146.13 crores in Q2FY25 and a year-over-year (YoY) increase of 1.0% from ₹147.48 crores in Q3FY24. The growth in revenue indicates a stable performance in terms of income generation compared to the previous quarter and the same quarter last year. The company's ability to maintain and slightly increase its income over these periods reflects its ongoing efforts to capture market share and drive sales across its product lines.
Profitability
During Q3FY25, Shalimar Paints Ltd recorded a loss before tax of ₹23.98 crores, which is a deterioration from the loss of ₹19.62 crores in Q2FY25 and ₹11.54 crores in Q3FY24. The QoQ change in profit before tax is a decline of 22.2%, while the YoY change is a significant decline of 107.8%. The company did not incur any tax expenses during these periods, resulting in a profit after tax that mirrors the pre-tax figures. Earnings per share (EPS) in Q3FY25 was reported at -₹2.90, compared to -₹2.30 in Q2FY25 and -₹1.40 in Q3FY24, reflecting a QoQ decrease of 26.1% and a YoY decrease of 107.1%. These metrics highlight the company's ongoing challenges in achieving profitability amidst rising expenses.
Operating Metrics
Total expenses for Shalimar Paints in Q3FY25 amounted to ₹172.97 crores, marking a 4.4% increase from ₹165.75 crores in Q2FY25 and an 8.8% increase from ₹159.02 crores in Q3FY24. The increase in expenses outpaced the growth in total income, impacting the overall profitability of the company. The financial data does not provide specific insights into the composition of these expenses or operational changes, but the upward trajectory suggests heightened costs, potentially due to raw material price fluctuations, operational expansions, or increased marketing and distribution efforts. The company's financial performance in this quarter reflects a need to balance income growth with cost management to improve future profitability.
