Shalimar Paints Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 1,458.8 million compared to INR 1,290.9 million a year ago. Revenue was INR 1,474.8 million compared to INR 1,300.6 million a year ago. Net loss was INR 115.4 million compared to INR 62 million a year ago. Basic loss per share from continuing operations was INR 1.4 compared to INR 0.86 a year ago. Diluted loss per share from continuing operations was INR 1.4 compared to INR 0.86 a year ago.
For the nine months, sales was INR 3,906.5 million compared to INR 3,496.5 million a year ago. Revenue was INR 3,961.3 million compared to INR 3,533.3 million a year ago. Net loss was INR 474.3 million compared to INR 266.2 million a year ago. Basic loss per share from continuing operations was INR 6.28 compared to INR 3.69 a year ago. Diluted loss per share from continuing operations was INR 6.28 compared to INR 3.69 a year ago.