Shalimar Paints Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 1,191.4 million compared to INR 1,106.8 million a year ago. Revenue was INR 1,214.1 million compared to INR 1,118.3 million a year ago. Net loss was INR 256.2 million compared to INR 107.5 million a year ago. Basic loss per share from continuing operations was INR 3.55 compared to INR 1.49 a year ago. Diluted loss per share from continuing operations was INR 3.55 compared to INR 1.49 a year ago.
For the six months, sales was INR 2,447.7 million compared to INR 2,205.8 million a year ago. Revenue was INR 2,486.5 million compared to INR 2,232.7 million a year ago. Net loss was INR 358.9 million compared to INR 203.8 million a year ago. Basic loss per share from continuing operations was INR 4.97 compared to INR 2.82 a year ago. Diluted loss per share from continuing operations was INR 4.97 compared to INR 2.82 a year ago.