Shalimar Paints Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales were INR 1,431.6 million against INR 1,251.5 million a year ago. Profit from operations before other income, interest and exceptional items was INR 105.9 million against INR 90.5 million a year ago. Profit from ordinary activity before tax was INR 69.4 million against INR 56.1 million a year ago. Net profit was INR 46.9 million against INR 37.7 million a year ago. Basic and diluted earnings per share, not annualized were INR 2.49 against INR 1.99 a year ago.

For the nine months, the company reported net sales were INR 3,888 million against INR 3,363.3 million a year ago. Profit from operations before other income, interest and exceptional items was INR 263.2 million against INR 217.7 million a year ago. Profit from ordinary activity before tax was INR 157.1 million against INR 125.3 million a year ago. Net profit was INR 106.1 million against INR 84.6 million a year ago. Basic and diluted earnings per share, not annualized were INR 5.61 against INR 4.47 a year ago.