SHALPAINTS posts Rs 21.26 cr loss as expenses exceed revenue
Revenue of Rs 137.72 cr did not cover Rs 149.89 cr of expenses, leaving operating margin at -8.84%.
Filed 13 Aug 2026, 00:01 IST · SHALPAINTS (SHALPAINTS)
Key takeaways
- SHALPAINTS reported a consolidated operating loss of Rs -12.17 cr as expenses of Rs 149.89 cr exceeded revenue of Rs 137.72 cr.
- The consolidated pre-tax loss was Rs -21.26 cr after interest of Rs 4.91 cr and depreciation of Rs 5.07 cr.
- Zero tax meant the consolidated net loss remained Rs -21.26 cr, while other income was only Rs 0.89 cr.
Revenue did not cover the cost base
SHALPAINTS reported a consolidated operating loss of Rs -12.17 cr on revenue of Rs 137.72 cr. Expenses of Rs 149.89 cr exceeded revenue, resulting in an operating margin of -8.84%.
Interest and depreciation widened the loss below operations
Interest of Rs 4.91 cr and depreciation of Rs 5.07 cr took the result from an operating loss of Rs -12.17 cr to a pre-tax loss of Rs -21.26 cr. Other income of Rs 0.89 cr was too small to materially alter the loss.
Zero tax provided no offset to the loss
Tax was Rs 0.0 cr, so the net loss matched the pre-tax loss at Rs -21.26 cr. With no comparison data or management commentary in this release, the key read-through is the gap between revenue of Rs 137.72 cr and expenses of Rs 149.89 cr.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹138 cr |
| Other income | ₹1 cr |
| Expenses | ₹150 cr |
| Operating profit | ₹-12 cr |
| Operating margin (%) | -8.84% |
| Interest | ₹5 cr |
| Depreciation | ₹5 cr |
| Profit before tax | ₹-21 cr |
| Tax | ₹0 cr |
| Net profit | ₹-21 cr |
| EPS (₹) | ₹-2.54 |
What to watch
- Whether expenses move below revenue of Rs 137.72 cr.
- Whether operating margin improves from -8.84%.
- Whether interest remains near Rs 4.91 cr and depreciation near Rs 5.07 cr.