Q2 2025 Shivalik Bimetal Controls Ltd Earnings Call Transcript
Key Points
- Shivalik Bimetal Controls Ltd (BOM:513097) demonstrated resilience despite a global inventory reset, maintaining stable revenue with a slight decrease of 3.86% from H1 FY24.
- The company recorded a gross margin of 46.57% for H1 FY25, reflecting strategic adjustments in product mix to align with market needs.
- The shunt segment in India grew by 45.27%, indicating strong alignment with India's industrial expansion and technological modernization.
- Establishing a wholly owned subsidiary in Italy is a strategic move to enhance market presence and reduce operational redundancies in Europe.
- The company is experiencing growth in the smart meter segment, with expectations to double last year's business, driven by increased local production of latching relays in India.
- Revenue for H1 FY25 decreased by 3.86% compared to H1 FY24, indicating challenges in maintaining growth amidst global market adjustments.
- Gross margin declined by 272 basis points compared to the previous year, due to a strategic pivot towards high-demand, lower-margin products.
- Profit Before Tax for H1 FY25 decreased by 11.09% from H1 FY24, with a margin contraction of 178 basis points, influenced by rising input costs.
- The US market showed a decline in the shunt business, impacting overall revenue despite growth in other regions.
- The company faced challenges in the European and some Asian markets, with actual reductions in demand affecting bimetal business volumes.
Good afternoon, everybody. We'll be starting this call at 4 p.m. sharp. Kindly prepare accordingly. Thank you. Good afternoon. Ladies and Gentlemen, welcome to Shivalik Bimetal Controls Ltd Q2 and H1 FY 2025 earnings webinar produced by Eloise.
We appreciate your time and interest in joining us today. We're pleased to welcome the senior management team from Shivalik Bimetal Controls Ltd who are present on today's call. Mr Rajeev Ranjan, Chief Financial Officer and Mr Sumer Ghumman and Mr Kabir Ghumman, Directors of Shivalik. (Operator Instructions.)
As a reminder, this conference is being recorded. Some statements in today's call may be forward-looking based on current expectations and subject to risks that could cause results to differ materially. With that I now hand the conference over to Mr Rajeev Ranjan CFO of Shivalik Bimetal Controls Ltd. Thank you and over to you Rajeev.
Thank you Symphony. Good afternoon, everyone. Thank you for joining us today.
As we
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