BSECompany Update4d ago · 6 Aug 2026, 07:13 pm
Press Release dated 06th August, 2026
Shivalik Bimetal Controls Ltd · 513097
✦ AI Summary▲ PositiveResults
Shivalik Bimetal Controls Ltd reports strong Q1 FY27 performance; consolidated revenue up 33%, EBITDA up 35% and PAT up 45%. Standalone EBITDA margin expands 225 bps; Pune Phase-I receives Consent to Operate post quarter-end.
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Shivalik Bimetal Controls Ltd - 513097 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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SBCL/BSE & NSE/2026-27/31 06th August, 2026
To, To,
BSE Limited National Stock Exchange of India Ltd.
Corporate Relationship Deptt. PJ Exchange Plaza, Plot No. C/1, G-
Towers, 25th Floor, Dalal Street, Block Bandra Kurla Complex, Bandra
Mumbai – 400 001 (East), Mumbai – 400 051
Code No. 513097 Code No. SBCL
Sub: Regulation 30: Press Release
Dear Sir/Madam,
Please find attached herewith a copy of the Press Release to be issued by the Company.
The same is also being uploaded on website of the Company at www.shivalikbimetals.com.
You are requested to take the above on record.
Thanking you,
For Shivalik Bimetal Controls Limited
Aarti Sahni
Company Secretary
M. No: A25690
Encl: As above
Shivalik Bimetal Controls reports strong Q1 FY27
performance; consolidated revenue up 33%,
EBITDA up 35% and PAT up 45%
Standalone EBITDA margin expands 225 bps; Pune Phase-I receives
Consent to Operate post quarter-end
New Delhi, India, 6th August 2026: The Board of Directors of Shivalik Bimetal Controls Limited
(“SBCL” or “the Company”) today announced its financial results for the quarter ended June 30,
2026.
SBCL delivered a strong start to FY27, marked by healthy growth, improved profitability and
broader consolidated contribution. Consolidated revenue from operations increased 33.4%
year-on-year to ₹182.2 crore, while EBITDA grew 35.2% to ₹43.2 crore and PAT increased
44.9% to ₹33.0 crore.
Q1 FY27 Financial Highlights (consolidated)
₹ crore unless stated
Metric Q1 FY27 Q1 FY26 YoY Q4 FY26 QoQ
Revenue from operations 182.2 136.6 +33.4% 162.6 +12.0%
Gross profit 79.1 60.9 +29.8% 69.8 +13.3%
Gross margin 43.4% 44.6% -119 bps 42.9% +49 bps
EBITDA 43.2 32.0 +35.2% 35.5 +21.8%
EBITDA margin 23.7% 23.4% +33 bps 21.8% +191 bps
PBT 43.8 30.4 +44.2% 34.7 +26.4%
PAT 33.0 22.8 +44.9% 26.1 +26.3%
PAT margin 18.1% 16.7% +144 bps 16.1% +205 bps
• Revenue from operations increased 33.4% year-on-year to ₹182.2 crore, reflecting core
standalone growth and higher contribution from subsidiary platforms.
• EBITDA increased 35.2% to ₹43.2 crore, with EBITDA margin expanding by
approximately 33 basis points to 23.7%.
• PBT increased 44.2% to ₹43.8 crore, with PBT margin expanding by approximately 181
basis points to 24.1%.
• PAT increased 44.9% to ₹33.0 crore, with PAT margin improving to 18.1%, compared
with 16.7% in Q1 FY26.
• On a sequential basis, consolidated revenue, EBITDA and PAT increased 12.0%, 21.8%
and 26.3%, respectively.
Operating & Regional Updates
Margin-led core performance and broader consolidated contribution
Standalone revenue increased 13.0% to ₹131.8 crore, while EBITDA grew 23.0% to ₹36.3 crore
and PAT rose 25.8% to ₹26.4 crore. Gross margin expanded 355 basis points to 51.5%, and
EBITDA margin improved 225 basis points to 27.5%.
Revenue growth despite a 2.5% decline in volumes, including wastage, reflects stronger
realisations and a richer product and customer mix, consistent with SBCL’s shift towards
higher-value components and applications.
Consolidated growth outpaced standalone performance, supported by stronger subsidiary
contribution. As Electrical Contacts carries higher silver-linked content, EBITDA growth and
margin resilience remain more meaningful measures of operating quality than reported revenue
alone.
Key Operational Update: Pune Phase-I receives Consent to Operate
Subsequent to the quarter-end, SBCL received Consent to Operate from the Maharashtra
Pollution Control Board for Phase I of its Pune manufacturing facility. The approval is valid
until June 30, 2032.
The facility expands SBCL’s capabilities in value-added components and assemblies for
automotive electrification and battery-related applications, including Cell Connecting Systems,
busbar connectors and PCBA assemblies.
Segment & Geographic Performance
• Shunt Resistors: Revenue increased 18.7% to ₹68.2 crore, led by India, Europe and the
Americas.
• Thermostatic Bimetals: Revenue grew 7.4% to ₹63.6 crore, driven primarily by India.
• India: Combined revenue rose 26.4% to ₹60.8 crore, increasing its share of standalone
core-product revenue to approximately 46%.
• Europe and Americas: Europe grew 21.5%, led by a 72.2% increase in Shunts.
Americas revenue rose 4.8%, with 30.0% Shunt growth partly offset by softer Bimetals.
• Asia Others: Revenue declined 12.7% to ₹21.3 crore, reflecting softer Shunt demand in
select markets.
Management Update
The Company has received a resignation letter dated August 6, 2026, from Mr. Rajeev
Ranjan, Chief Financial Officer, citing personal reasons with effect from the close of
business on October 31, 2026. The Company thanks Mr. Ranjan for his contribution during his
tenure and will ensure an orderly transition while maintaining continuity across finance,
reporting and regulatory responsibilities.
Management Commentary
Mr. Kabir Ghumman, Managing Director, said:
“Q1 FY27 marks a strong start to the year, with consolidated revenue growing 33%, EBITDA 35%
and PAT 45%. Standalone EBITDA margin expanded to 27.5%, supported by better realisations,
a stronger product mix and disciplined execution.
India delivered broad-based growth across both Shunts and Bimetals. Europe and the Americas
were led by stronger Shunt performance, with the improvement in the Americas indicating early
signs of recovery. Asia remained softer and continues to be an area of management focus.
The Consent to Operate for Pune Phase I is an important milestone as we move from project
execution towards commercial readiness. Our immediate priorities are to complete customer
and process qualifications, establish stable and repeatable production systems, and scale Cell
Connecting Systems, busbar connectors and PCBA assemblies in line with customer
programme schedules.
As we grow, our focus will remain on margin quality, working-capital discipline, cash
conversion and selective capital allocation. We would also like to thank Rajeev for his
contribution and will ensure an orderly transition within the finance function. We remain
committed to building Shivalik into a more integrated and resilient precision components and
assemblies platform.”
Shivalik Bimetal Controls Limited.
Founded in 1984 and headquartered in New Delhi, Shivalik Bimetal Controls Limited is a specialised engineering and advanced
manufacturing company with integrated capabilities across precision materials, current-sensing components, switching solutions
and value-added assemblies.
The Company manufactures thermostatic bimetal / trimetal strips, low-ohmic shunt resistors, electrical contacts, PCBA and busbar
assemblies used across electrical, electronics, automotive, industrial, switchgear, smart metering, battery management and energy
management applications. Its products serve high-reliability use-cases where accuracy, consistency, thermal control, current
sensing and switching performance are critical. Shivalik’s business model is built on proprietary process know-how across Electron
Beam Welding, Di:usion Bonding, Cold Bonding and precision strip processing, combined with growing capabilities in
integrated components and assemblies. This enables the Company to support OEM and Tier-1 customers with precision materials
and components with higher-value solutions that improve customer relevance, deepen wallet share & strengthen long-term revenue
visibility.
With manufacturing facilities in Chambhaghat and Kather, Solan and Pune, and a skilled team of approximately 1,000 people,
Shivalik serves more than 300 customers globally. The Company’s technology base, long-standing customer relationships,
application-led product portfolio and disciplined balance sheet position it well to benefit from structural demand across
electrification, smart metering, current sensing, switching, energy eQiciency & advanced industrial applications.
Company Contact
Mr. Rajeev Ranjan – Chief Financial OQicer
rranjan@shivalikbimetals.com
Investor Relations: Dickenson World
Shankhini Saha
shivalik@dickensonworld.com