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Share price of Shalimar Paints touched 52-week low of Rs 113.50, slipping more than 5 percent as company increased its losses in the quarter ended March 2018.
The company has posted net loss of Rs 16.07 crore in Q4FY18 against loss of Rs 12.81 crore in Q4FY17. The company had posted net loss of Rs 9.84 crore in quarter ended December 31, 2017.
Revenue from operation declined 27 percent at Rs 60.22 crore against Rs 83.01 crore.
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