Transcript of Earnings call Q1 FY 2026-27

SBCL/BSE & NSE/2026-27/42 13th August, 2026 To, To, BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Deptt. Exchange Plaza, Plot No. C/1, G-Block Bandra PJ Towers, 25th Floor, Dalal Street, Kurla Complex, Bandra (East), Mumbai – 400 051 Mumbai – 400 001 Code No. SBCL Code No. 513097 Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Transcription of Earnings Conference Call with Investors/Analysts held on August 07, 2026 Dear Sir, Please find attached herewith transcription of Earnings Conference call with Investors/Analysts held on August 07, 2026. Kindly take the same on record and acknowledge. You are requested to take the same on record. Thanking you, For Shivalik Bimetal Controls Limited Aarti Sahni Company Secretary M. No: A25690 Shivalik Bimetal Controls Limited (SBCL) Q1FY27 Earnings Webinar Transcript Friday, August 7th, 2026: 3:00 PM IST Speakers from the Management: 1. Mr. Sumer Ghumman- Whole-time Director Moderator: Good Afternoon everybody, it’s our pleasure to have you here today for Shivalik Bimetal Controls Limited’s Q1FY27 Earnings Webinar produced by ElevEase. I am Shankhini - Director of Investor Relations at Dickenson, and I will be moderating our call today. Joining us from the Shivalik’s management team is: 1. Mr. Sumer Ghumman- Whole-time Director of the Company Before we get into his opening remarks. kindly note that this conference is being recorded, and that some statements in this call may be forward-looking, based on current expectations and subject to risks that could cause results to differ materially. You can also download the Company’s investor deck and press release from the links on the company website or on the NSE. Great. So I’ll hand over to you Sumer now to begin with your opening remarks. Opening Remarks: Sumer Ghumman (WTD of SBCL): Thanks, Shankhini. Good afternoon, everyone, and thank you for joining us today. Q1 FY27 is a strong start to the year and gives us further evidence that Shivalik is progressing higher on the value curve. We are building on our precision materials and process technology base to participate more deeply in higher- value components, integrated assemblies, and application-ready solutions. The objective is to grow revenue, and to also improve quality of growth, deepen customer relevance and increase the value we capture from our engineering capabilities. This quarter reflects that progress. Consolidated revenue grew 33.4% year-on-year to 182.2 crores, EBITDA increased 35.2 to 43.2 crores, and PAT grew 44.9% to 33 crores. Sequentially, revenue increased 13%, EBITDA 23%, and PAT 26%, giving us a strong operating start to FY27. Importantly, this margin improvement was achieved while employee costs increased as we invested in capacity, people, and capability, giving us confidence that the underlying operating model is strengthening as we scale. From the quarter, Shunts remained the stronger growth engine, with revenue increasing 18.7%, but bimetals grew 7.4%. India delivered broad-brace growth across both businesses. Europe grew strongly, led by shunts, with the Americas also showing early improvement in shunts with a 30% growth year-on-year this quarter, after a softer FY26. Asia was weaker during the quarter, and remains an area where we are focused on building rebuild… on rebuilding momentum. At the consolidated level, growth was supported by a higher contribution from our subsidiary platform. - 1 - Produced & transcribed by As electrical contact scale, precious metal content can affect reported revenue and gross margin, so we remain focused on EBITDA and cash generation. I would also like to thank Rajeev for his contribution to Shivalik. We will surely… we will ensure an orderly finance transition and continuity. Subsequent to the quarter, receiving consent to operate for Phase 1 is an important milestone in the operationalization of our Pune facility. The approved capacity provides a scalable manufacturing platform for cell connecting systems and support our strategy of increasing participation in value-added components and assemblies. It represents an important extension of Shivalik's model, bringing together our strengths in the material science, precision joining, electronics, and application engineering on a single platform. The next phase will focus on completing customer and process qualifications, establishing repeatable production systems, and scaling in line with program requirements. Over time, they should enable us to deepen our participation in automotive and electrification applications, while increasing the value we deliver to OEM and Tier 1 customers. We look forward to growing our business in cell connecting systems, bus bar assemblies, and PCBA assemblies in line with customer program schedules. Looking ahead, Q1 positions us well for a positive year. Our priorities remain margin quality, working capital efficiency, cash conversion, and selective capital allocation. We will continue to grow the core, recover opportunities in key export markets, and execute on our forward integration objectives carefully. In summary, Shivalik is becoming a more integrated, higher value, and more resilient precision components and assemblies platform. Q1 shows that this strategic progression is beginning to translate into stronger growth and better earnings quality. With that, let's start with the Q&A session. Shankhini Saha (Moderator): Thanks, Sumer. Before we begin the Q&A, just a reminder on how to raise your hand to join the question queue. So if you are on your Desktop or Laptop, look for the ‘Reactions’ button at the bottom of your Zoom window, click on it, then select ‘Raise Hand’ from the options. Your name should appear in the queue and I’ll call on you in order. If you are on Mobile or Tablet, tap on the ‘More…’ button at the bottom right of your screen, then select ‘Raise Hand’ from the menu. Perfect, so we'll start with the Q&A session. Our first question will be from the line of Dhruv Jain. Hi, Dhruv, you can go ahead and ask your questions. Dhruv Jain: Hi, hi, thanks a lot for this. Congratulations, guys, for super numbers. I had a couple of questions, right?. So, you know, you said that, you know, Q1 has been pretty strong, and incrementally, if I'm not wrong, a lot of bus bar revenue has also not come through. So, just wanted to get a sense that for FY27, what would your guidance be for the full year in terms of top line and margins both, and if you could split that into, say, shunts, contacts, bimetals, and, you know, bus bars also, that's my first question. Sumer Ghumman (WTD of SBCL): Okay. So, you know, bus bars, as you know, and the cell connecting systems are fairly new, so they're just a minimal addition to the revenue in this quarter, and then it's substantially increasing in the current and upcoming quarters. It's a business that, as you know, has just actually just begun. So initially, you know, we were doing some sampling, and we were making pilot lots, etc, but now full production has started, and a lot of that production has not been a part of this Q1. So it's more of it is… there has been some revenue addition in this one month or so of the last month of the quarter, but most of it is going to start reflecting in the current quarter and the upcoming quarters. With even the current quarter being very, to some extent, quite limited because of, because our real manufacturing, the main manufacturing facility for this actually becomes fully operational only in October. Right now, we've got only the first phase running, as we've been making clear. So now, coming to the expectation of what we, or what we are seeing from our customers and what forecasts we have, we expect that on a Shivalik standalone basis, we expect, like, maybe a 44-45% revenue coming from Bimetal, and 54-55% coming from shunts. With shunts, obviously, it's a little bit different from what it used [Showing first 8,000 characters — download PDF for full document]