• APRIL 29, 2000

Shalimar Paints operating profit margin declines by 2.1%

Shalimar paints operating profit margin declined by 2.1% inspite of net sales increasing by 3%. This can be attributed towards the decline in price realisation. The reduction interest has saved the bottomline to a marginal extent.

(Rs m) 3QFY99 3QFY00 Change
Net Sales 330 340 3.0%
Other Income 1 2 7.1%
Expenditure 304 321 5.4%
Operating Profit (EBDIT) 25 19 -25.3%
Operating Profit Margin (%) 7.7% 5.6%  
Interest 18 15 -16.3%
Depreciation 4 4 8.3%
Profit before Tax 5 1 -76.6%
Tax 1 0.1 -80.0%
Profit after Tax/(Loss) 4 1 -76.2%
Net profit margin (%) 1.3% 0.3%  
Earnings per share 0.4 0.1 -76.2%

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