Shivalik Bimetal Controls Ltd. News, Corporate filings and Earnings/Conference Calls

Industrial Goods company Shivalik Bimetal Controls announced Q3FY25 results Total Income for Q3FY25 stood at Rs 106.22 crore, reflecting a 5.31% YoY decline from Rs 112.17 crore in Q3FY24. Profit Before Tax (PBT) increased by 7.29% YoY to Rs 23.45 crore in Q3FY25 from Rs 21.85 crore in Q3FY24, with PBT margin expanding by 259 bps to 22.07%. Profit After Tax (PAT) grew 10.07% YoY to Rs 17.52 crore in Q3FY25, compared to Rs 15.92 crore in Q3FY24, with PAT margin improving by 231 bps to 16.50%. Margin Expansion: SBCL achieved a 259 bps increase in Profit Before Tax (PBT) margin and a 231-bps improvement in Profit After Tax (PAT) margin in Q3FY25 compared to Q3FY24. Declaration of Dividend: The Board has declared an interim dividend of 60% (Rs 1.20 per equity share) on 57,604,200 equity shares of Rs 2 each. Kabir Ghumman, Managing Director, commented: “In Q3 & 9MFY25, Shivalik’s emphasis on precision engineering and product innovation has enabled us to navigate a dynamic global market effectively. Our newly introduced ‘Smart DC Current Sensor’ showcases our commitment to cutting-edge solutions and forward integration. Starting April 2025, we look forward to evolving our resistor strip business with the addition of more high precision high value added components, further strengthening our forward integration strategy with key customers. This transition will enable us to offer a wider array of high-value SKUs, reinforce ties with global OEMs, and further Shivalik’s standing as a trusted supplier globally.” Sumer Ghumman, Whole-time Director, added: “Within our Shunt Resistor vertical, we continued to see positive growth in India driven by demand in Smart Meters and industrial sectors. Asia (excluding India) also delivered doubledigit expansion, while North America witnessed a temporary slowdown due to inventory corrections. The region’s industrial traction indicates a potential near-term rebound that should feed into future quarters. Our Thermostatic Bimetals & Trimetals portfolio exhibited mixed performance across geographies, moderation in India and Europe was partially offset by promising growth in the Americas. This balanced exposure highlights the value of prudent regional diversification and leveraging our growing product mix. Looking ahead, our forward integration contracts are set to reflect in our performance in the next 6 months. We are also approaching more advanced stages of our backward integration initiatives, ensuring we remain well-positioned to address the evolving demands of growing sectors.” Rajeev Ranjan, Chief Financial Officer, shared: "Despite macroeconomic headwinds impacting certain product categories and geographies, our disciplined approach to cost management has enabled us to preserve profitability. With a 231 basis point improvement in PAT margins for Q3FY25 and a 259-basis point expansion in PBT margins, we have demonstrated our ability to navigate complex market conditions. Meanwhile, we continue to explore opportunities in component manufacturing, forward integration, and potential joint ventures while also evaluating inorganic growth opportunities that would be accretive to our balance sheet and business. Additionally, we are pleased to announce that the Board has declared an interim dividend of 60% (Rs 1.20 per equity share) on 57,604,200 equity shares of Rs 2 each this quarter, reinforcing our commitment to delivering shareholder value." Result PDF

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Shivalik Bimetal Controls Ltd. News, Corporate filings and Earnings/Conference Calls

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