Shalimar Paints Q4 net loss declines to Rs 13 crore

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Shalimar Paints Ltd on Thursday reported narrowing of its consolidated net loss to Rs 12.73 crore for the fourth quarter ended March 31, 2022. The company had posted a loss of Rs 28.56 crore in the January-March period a year ago, Shalimar Paints said in a regulatory filing.

Its revenue from operations was down by 5.55 percent at Rs 105.54 crore during the quarter under review as against Rs 111.74 crore in the year-ago period.

Total expenses were at Rs 114.39 crore, down 5.89 per cent in Q4/FY 2022 as against Rs 121.55 crore in the same period a year ago. For the fiscal year ended March 2022, Shalimar Paints’ revenue from operations was up 10 percent at Rs 358.10 crore.

It had reported a revenue of Rs 325.56 crore in the previous fiscal. Shares of Shalimar Paints Ltd on Thursday settled at Rs 136.50 on BSE, up 3.76 percent from the previous close.