Shalimar Paints Limited announced its standalone and consolidated financial results for the quarter and year ended March 31, 2026, highlighting a period of strategic operational adjustments. The Board of Directors approved the audited results on May 28, 2026, with the statutory auditors providing an unmodified opinion on the financial statements.

Shalimar Paints Limited is a legacy Indian paint company, established in 1902, known for its diverse range of decorative and industrial coatings. In recent years, the company has undergone a transformation under the majority ownership of Hella Infra Market Limited. Throughout 2025 and into 2026, the company focused on premiumizing its product portfolio, particularly by increasing the saliency of high-margin emulsion products to improve its margin profile. Despite industry headwinds and volatile demand, the company has emphasized cost rationalization, achieving positive EBITDA for the first time since the acquisition by Hella Infra Market, reflecting improvements in operational efficiency and financial discipline.

For the quarter ended March 31, 2026, the company reported a standalone revenue from operations of ₹153.06 crore. This represents a decline of approximately 14% compared to the corresponding quarter of the previous year (₹177.83 crore) and a growth of approximately 17% compared to the previous quarter (₹130.40 crore). The company reported a standalone net loss of ₹6.18 crore for the quarter, compared to a net loss of ₹9.51 crore in the corresponding quarter last year and a net loss of ₹26.62 crore in the previous quarter. The company has faced accumulated losses and challenges regarding current liabilities exceeding current assets, which management intends to mitigate through asset monetization and continued support from the holding company.