Shivalik Bimetal Controls Limited announced its financial results for the quarter and half year ended 30 September 2026 through a regulatory filing under Regulation 30. The company reported strong consolidated financial performance with significant growth across key metrics.

Financial Performance (Consolidated)

Q2 FY27 Results:

  • Revenue from operations: ₹197.8 crore, up 43.9% YoY from ₹137.4 crore in Q2 FY26
  • Gross profit: ₹90.0 crore, up 39.1% YoY from ₹64.7 crore
  • Gross margin: 45.5%, decreased by 157 bps from 47.1% in Q2 FY26
  • EBITDA: ₹50.2 crore, up 61.6% YoY from ₹31.1 crore
  • EBITDA margin: 25.4%, improved by 277 bps from 22.6%
  • PBT: ₹45.6 crore, up 41.7% YoY from ₹32.2 crore
  • PAT: ₹33.5 crore, up 36.3% YoY from ₹24.6 crore
  • PAT margin: 17.0%, decreased by 95 bps from 17.9%

H1 FY27 Results:

  • Revenue from operations: ₹380.0 crore, up 38.7% YoY from ₹274.0 crore in H1 FY26
  • Gross profit: ₹169.1 crore, up 34.6% YoY from ₹125.6 crore
  • Gross margin: 44.5%, decreased by 134 bps from 45.8%
  • EBITDA: ₹93.6 crore, up 48.5% YoY from ₹63.0 crore
  • EBITDA margin: 24.6%, improved by 162 bps from 23.0%
  • PBT: ₹89.5 crore, up 43.0% YoY from ₹62.6 crore
  • PAT: ₹66.5 crore, up 40.4% YoY from ₹47.4 crore
  • PAT margin: 17.5%, improved by 22 bps from 17.3%

Corporate Actions

The company announced a 100% interim dividend and proposed a 2:1 bonus issue to recognize shareholders' continued trust and support.

Management Commentary

Mr. Kabir Ghumman, Managing Director, stated that the company's strategy is to build on proprietary materials and process expertise to supply more integrated components and assemblies. The focus is on increasing value delivery within customer programs and deepening their role in customer development and production requirements.

The company aims to sustain core profitability, improve cash conversion following inventory build, and direct capital towards programs with credible customer adoption and good returns for the remainder of FY27.

Business Overview

Shivalik Bimetal Controls Limited, founded in 1984 and headquartered in New Delhi, is a specialized engineering and advanced manufacturing company with capabilities across precision materials, current-sensing components, switching solutions, and value-added assemblies.

The company manufactures thermostatic bimetal and trimetal strips, low-ohmic shunt resistors, and electrical contacts, and is developing integrated components and assemblies including PCBA and busbar assemblies. Products serve electrical, electronics, automotive, industrial, switchgear, smart-metering, battery-management, and energy-management applications.

Proprietary process capabilities include Electron Beam Welding, Diffusion Bonding, Cold Bonding, and precision strip processing. The company has manufacturing facilities in Chambhaghat and Kather, Solan, and Pune, with approximately 1,000 employees and more than 300 customers globally.