Shalimar Paints Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	5,972	5,991	5,349	4,838	3,582	3,256
Revenue Growth (YoY)	5.61%	11.99%	10.56%	35.07%	10.02%	-5.32%
Cost of Revenue	4,178	4,406	3,925	3,606	2,718	2,256
Gross Profit	1,794	1,584	1,424	1,232	863.94	999.42
Selling, General & Admin	957.8	1,037	940.7	613.4	480.41	417.21
Other Operating Expenses	1,148	1,113	1,025	766.4	607.44	546.07
Operating Expenses	2,290	2,308	2,114	1,507	1,222	1,096
Operating Income	-496.6	-723.6	-689.8	-274.5	-357.88	-97.03
Interest Expense	-199.6	-129.5	-102.7	-126.6	-188.71	-170.04
Interest & Investment Income	46.2	46.2	63	50.8	17.16	2.74
Currency Exchange Gain (Loss)	1.9	1.9	1.7	1.1	0.18	2.54
Other Non Operating Income (Expenses)	29	3.4	-24.2	-12.2	-27.51	43.78
EBT Excluding Unusual Items	-619.1	-801.6	-752	-361.4	-556.75	-218.02
Gain (Loss) on Sale of Assets	-	-	13.5	-0.1	-	0.2
Asset Writedown	-	-	-	-	-68.21	-20
Other Unusual Items	-46	-	-	-	-5.84	-
Pretax Income	-665.1	-801.6	-738.5	-361.5	-609.38	-237.82
Income Tax Expense	-	-	-	-	-5.86	260.81
Net Income	-665.1	-801.6	-738.5	-361.5	-603.51	-498.63
Net Income to Common	-665.1	-801.6	-738.5	-361.5	-603.51	-498.63
Shares Outstanding (Basic)	84	84	78	72	56	54
Shares Outstanding (Diluted)	84	84	78	72	56	54
Shares Change (YoY)	-0.02%	7.89%	7.44%	28.79%	3.26%	-
EPS (Basic)	-7.95	-9.58	-9.52	-5.01	-10.76	-9.18
EPS (Diluted)	-7.95	-9.58	-9.52	-5.01	-10.76	-9.18
Free Cash Flow	-	-908.5	-395.3	-591.3	-648.7	138.6
Free Cash Flow Per Share	-	-10.85	-5.09	-8.19	-11.57	2.55
Gross Margin	30.04%	26.45%	26.62%	25.47%	24.12%	30.70%
Operating Margin	-8.31%	-12.08%	-12.90%	-5.67%	-9.99%	-2.98%
Profit Margin	-11.14%	-13.38%	-13.81%	-7.47%	-16.85%	-15.32%
Free Cash Flow Margin	-	-15.17%	-7.39%	-12.22%	-18.11%	4.26%
EBITDA	-344.43	-595.8	-594.5	-168	-243.15	22.53
EBITDA Margin	-5.77%	-9.95%	-11.11%	-3.47%	-6.79%	0.69%
D&A For EBITDA	152.18	127.8	95.3	106.5	114.73	119.56
EBIT	-496.6	-723.6	-689.8	-274.5	-357.88	-97.03
EBIT Margin	-8.31%	-12.08%	-12.90%	-5.67%	-9.99%	-2.98%
Revenue as Reported	6,096	6,089	5,430	4,910	3,627	3,325

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.