Shalimar Paints Ltd's net loss doubles to Rs 10 cr in Q1FY21

New Delhi: Shalimar Paints today reported doubling of consolidated net loss to Rs 10 crore in the first quarter of the current fiscal as compared to Rs 5 crore in the corresponding quarter of the previous fiscal.

The consolidated revenues from operations nearly halved to Rs 44 crore in the first quarter of the current fiscal as compared to Rs 85 crore in the corresponding quarter of the previous fiscal.  

The consolidated profit before tax of the company jumped more than two times to Rs 14 crore in the first quarter of the current fiscal as compared to Rs 6 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

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