Shalimar Paints Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported total income from operations (net) of INR 1,284.9 million compared to INR 1,300.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 47.6 million compared to INR 110.1 million a year ago. Profit from ordinary activities before tax was INR 20.5 million compared to INR 69.5 million a year ago. Net profit was INR 15.4 million or INR 0.82 basic and diluted per share (not annualized) compared to INR 46.9 million or INR 2.48 basic and diluted per share (not annualized) a year ago.

For the nine months period, the company reported total income from operations (net) of INR 3,515.6 million compared to INR 3,591.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 224.5 million compared to INR 278.9 million a year ago. Profit from ordinary activities before tax was INR 104.2 million compared to INR 157.1 million a year ago. Net profit was INR 74.9 million or INR 3.96 basic and diluted per share (not annualized) compared to INR 106.1 million or INR 5.61 basic and diluted per share (not annualized) a year ago.