Quarterly results will improve as we start restart plants in Howrah and Nasik, said Surender Bhatia, Managing Director, Shalimar Paints.

Speaking exclusively to CNBC-TV18's Latha Venkatesh and Sonia Shenoy, Bhatia said, "We had a supply constraint. After our successful rights issue, we are coming out of supply constraint and we are picking up on the revenue. With the pick-up of the revenue, other things will also improve."

He said, "Right now, two plants are functioning. Two plants we have fire, one in Howrah and another one in Nasik. But, we are rebuilding these two plants and we are expecting that Howrah should be operational partly in last quarter of this financial year and Nasik should be operational in the first quarter of next financial year.

“With these two plants, we will start quarter by quarter. So you will see the quarterly results and the progress on that,” Bhatia added.

Weakness continued for Shalimar Paints as it posted net loss for the sixth straight quarter.

First Published:May 29, 2018 12:32 PM IST