September quarter revenue falls 13% as net loss widens

Revenue declinedNet loss reportedEBITDA margin compressionResults restatedNegative operating cash flowResults View source PDF Explain this filing

SHALPAINTS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹81.89

prior close

₹79.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-2.0% vs market

Paints peers, median of 8sector-0.2%-1.2% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 1.2 pts less than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.8

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15m

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30m

+0.4

Sessions after the filingfrom the prior close

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Reaction day

-1.4+0.7-2.0-0.2-1.2

Next day

-2.3-1.9-0.5-2.3-0.0

-0.9-0.4-0.5-1.7+0.8

-1.2-0.2-1.0+0.2-1.4

-2.7+2.0-4.7+0.8-3.5

-3.7+3.1-6.8+4.3-8.0

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UpDownMarket · Nifty Microcap 250Sector · Paints peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shalimar Paints approved unaudited results for September 2026. Standalone September-quarter revenue fell 13% year on year to Rs 114.52 crore and net loss widened to Rs 31.99 crore from Rs 13.87 crore. First-half revenue fell 12% to Rs 250.71 crore and net loss widened to Rs 52.77 crore from Rs 30.53 crore; consolidated first-half loss was Rs 53.81 crore. Operating cash flow was positive. Howrah property worth Rs 73.43 crore is being sold.

Likely market impact

Falling sales and wider losses may hurt the stock. Positive cash flow and asset sale proceeds may support liquidity, but margins need improvement.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹115.7 Cr	₹133.8 Cr	−13.6%
Operating profit	−₹33.32 Cr	−₹17.45 Cr	loss widened
Profit after tax	−₹32.55 Cr	−₹14.14 Cr	loss widened
EBITDA margin	-19.9%	-4.7%	−15.2 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.