Q3 2026 Shivalik Bimetal Controls Ltd Earnings Call Transcript
Key Points
- Shivalik Bimetal Controls Ltd (BOM:513097) reported a 9% year-on-year revenue growth for both the quarter and the nine-month period.
- The company achieved an EBITDA margin of over 24%, marking an increase of over 400 basis points year-on-year.
- Plans to set up a new facility in Pune for automotive busbars and connectors, aiming to broaden participation in e-mobility and energy storage applications.
- The company declared an interim dividend of INR2 per equity share, reflecting a commitment to shareholder returns.
- Shivalik is moving up the value chain with forward integration, focusing on high-value assemblies to improve revenue visibility and quality of growth.
- The company faced challenges in Q3 due to geopolitical factors, particularly US tariffs, leading to reduced orders from US-based customers.
- The Indian thermostatic bimetal market has shown flat performance, with limited growth opportunities outside of market expansion.
- The new busbar and PCB assembly initiatives are expected to have lower EBITDA margins compared to current organic products.
- Working capital days have increased significantly, with measures being taken to address high inventory and collection periods.
- The company experienced temporary disruptions in US business due to tariff issues, impacting growth in the region.
Ladies and gentlemen, a very good afternoon to you all. Welcome to Shivalik Bimetal Controls Limited's Q3 and nine month FY26 earnings webinar produced by ElevEase. I'm Shankhini, Director of Investor Relations at Dickenson, and I'll be moderating our call today.
So joining us from the management team, we have: Mr. Sumer Ghumman, Whole-Time Director; and Mr. Rajeev Ranjan, CFO. Please 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 download the investor presentation and the press release from the company website or the NSE.
Great. So I'll now hand the conference over to Sumer for some opening remarks. Over to you, Sumer.
Thank you, Shankhini. Good afternoon, everyone, and welcome to Shivalik Bimetal Controls quarterly earnings call for Q3 and nine months
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