Shalimar Paints Reports Audited Financial Results for FY 2025-26; Details Show Operational Turnaround
Shalimar Paints Limited announced the approval of its audited financial results for the Financial Year ended March 31, 2026. The Board of Directors held its meeting on May 28, 2026, where the company approved its audited financial results for the standalone and consolidated entities. The company received an unmodified audit opinion on these results from the statutory auditor.The audited financial statements for the year ending March 31, 2026, highlight various aspects of the company's performance across both standalone and consolidated segments.
Standalone Financial Performance (FY 2025-26)
For the standalone entity, the Statement of Standalone Financial Results for the quarter and year ended 31.03.2026 revealed key revenue and expense figures.The table below summarizes the key figures for Revenue from Operations, Total Expenses, and Total Comprehensive Loss for the year:
| Particulars | Year ended 31.03.2026 (Audited) | Year ended 31.03.2025 (Audited) |
|---|---|---|
| Revenue from operations | 569.03 (in crore) | 599.06 (in crore) |
| Total income | 575.89 (in crore) | 608.92 (in crore) |
| Total expenses | 634.63 (in crore) | 689.03 (in crore) |
| Total comprehensive loss, net of tax | (62.23) (in crore) | (78.47) (in crore) |
| Earnings/ (Loss) per share (Basic) | (7.57) (in ₹) | (9.57) (in ₹) |
In terms of the Balance Sheet, Total Assets for the standalone entity stood at 621.84 crore as at March 31, 2026, compared to 683.96 crore as at March 31, 2025.
Consolidated Financial Performance (FY 2025-26)
The consolidated financials provide an overview of the Group's performance, encompassing the Holding Company and its subsidiaries.The Statement of Consolidated Financial Results for the quarter and year ended 31.03.2026 showed the following movement in top-line revenue figures:
| Particulars | Year ended 31.03.2026 (Audited) | Year ended 31.03.2025 (Audited) |
|---|---|---|
| Revenue from operations | 575.63 (in crore) | 599.81 (in crore) |
| Total income | 582.15 (in crore) | 609.65 (in crore) |
| Total expenses | 642.94 (in crore) | 690.82 (in crore) |
| Total comprehensive loss, net of tax | (63.84) (in crore) | (79.53) (in crore) |
| Earnings/ (Loss) per share (Basic) | (7.76) (in ₹) | (9.70) (in ₹) |
The consolidated Balance Sheet reported Total Assets of 640.56 crore as at March 31, 2026, down from 702.07 crore at March 31, 2025.
Operational Highlights and Outlook
In performance highlights, Shalimar Paints Limited noted that the Financial Year 2025-26 marked meaningful progress for the company. Management pointed out several key improvements:- The company delivered positive EBITDA for the first time since Hella Infra Market Limited acquired the majority stake, reflecting improved operational performance and financial discipline.
- Focused cost rationalization initiatives led to a significant reduction in employee costs and manufacturing and operating expenses, enhancing overall cost efficiency.
- The company continued the premiumization of its portfolio, which improved the saliency of high-margin emulsion products and resulted in a healthier product mix and enhanced margin profile.
Overall, management stated that the company delivered a strong business and operational turnaround despite persistent industry headwinds, volatile demand conditions, and pricing pressures in the sector.
The financial statements for the standalone and consolidated entities are available for review on the company's website.
SHALPAINTS Stock Price Movement
On Friday, Shalimar Paints Limited shares slipped by 2.21% to settle at ₹51.07. The stock traded on a volume of 37,756 shares, signaling sustained downward pressure on the paints maker's equity.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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