Shivalik Bimetal Controls Limited has informed the Exchange about Transcript of earnings call Q4 & FY26
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Shivalik Bimetal Controls reported strong FY26 results with consolidated revenue of ₹570.9 crore (up 12.3%), EBITDA of ₹130.7 crore (up 26.0%), and PAT of ₹95.8 crore (up 24.8%). EBITDA margin expanded by 250 basis points to 22.9%, driven by better realisations, improved product mix, and operating leverage. Smart meter revenue nearly doubled to over ₹75-80 crore from ₹30-40 crore, supporting growth in shunts and contacts. The company expects its US customer business to recover to past peak levels and potentially surpass due to new component-based products. Management guided that the new Pune facility for PCBA and busbar assemblies could generate ₹250-350 crore revenue in 2-3 years, targeting two-wheeler EVs, energy storage, and battery management applications. The company plans to add new product verticals every 2-3 years to reduce concentration risk.
Strong margin expansion and new business opportunities in busbar/PCBA for EVs signal solid growth ahead. Smart meter doubling and US recovery provide near-term revenue visibility, though the stock may face pressure if smart meter installations slow.