Shivalik Bimetal Controls Ltd — earnings calls

Shivalik Bimetal Controls reported FY26 consolidated revenue growth of 12.3% to Rs 570.9 crore, with EBITDA up 26.0% to Rs 130.7 crore and PAT up 24.8% to Rs 95.8 crore, alongside EBITDA margin expansion of around 250 basis points to 22.9%. Management attributed growth to a shift from strip to component sales in shunts, higher silver commodity pricing contributing to contacts division revenue, and recovery from a major US shunt customer. Management also discussed the Pune facility for PCBA and busbar assemblies, smart metering revenue trends, and working capital changes tied to export mix and inventory build-up.