Shalimar Paints stock jumps ~3% despite weak Q3 numbers

18 Feb 2022 , 01:24 PM

Shalimar Paints’ revenue for Q3FY22 stood at Rs96.50 crore against Rs92.5 crore for Q3FY21, up by 3.24% yoy. While it was Rs90.90 crore for Q2FY22.

It reported a negative EBITDA of Rs6 crore for the quarter ended December 2021, against a positive EBITDA of Rs5.8 crore for the previous corresponding quarter. EBITDA for the previous quarter was also negative Rs7.8 crore.

EBIT stood at minus Rs6.90 crore (-6.90 crore) for the current quarter against negative Rs11.2 crore for the previous quarter, and Rs2.5 crore for the previous corresponding quarter.

The company reported a loss of Rs15.20 crore in the quarter ended December 2021, as compared to a loss of Rs7 crore in the quarter ended December 2020, and loss of Rs16.80 crore in the previous quarter.

Shalimar Paints was trading higher at Rs138.95 against its previous closing price of Rs135, up by Rs3.95 or 2.93% yoy.