India's Shalimar Paints slumps on wider third-quarter loss

Shalimar Paints

11/02/2025 04:36

** India's Shalimar Paints  SHLP.NS  down 6.01% at 126.12
rupees; stock set for worst day since October 25 
    ** Co reported on Monday a wider third-quarter loss,
compared to a year ago, despite marginal topline growth
    ** Rise in expenses outpaced revenue, led by higher
inventory and finance costs
    ** Including session's decline, stock down more than 35% in
the last 12 months
    

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))