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HomeNewsTop NewsShalimar Paints' net loss widens to Rs 25.62 crore in Q2 FY24

Shalimar Paints’ net loss widens to Rs 25.62 crore in Q2 FY24

Shalimar Paints' net consolidated total income stood at Rs 121.41 crore in Q2 FY24, a growth of 8.57 per cent from Rs 111.83 crore it recorded in the similar quarter last year.

Shalimar Paints has reported net consolidated loss after tax of Rs 25.62 crore during the quarter ended September 30, 2023. It had registered net loss after tax of Rs 10.75 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

The company’s net consolidated total income stood at Rs 121.41 crore in Q2 FY24, a growth of 8.57 per cent from Rs 111.83 crore it recorded in the similar quarter last year.During the six months period ended September 30, 2023, the Nomination and Remuneration Committee of the company had granted 19,66,566 stock options to its eligible employees under the Shalimar Paints Employees Stock Option Scheme 2022.

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