Industrial Goods company Shivalik Bimetal Controls announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from Operations for Q4FY26 was Rs 16,263.01 lakhs, representing a YoY increase of 22.80% compared to Rs 13,243.80 lakhs in Q4FY25 and a QoQ growth of 21.16% from Rs 13,423.13 lakhs in Q3FY26. Total Income for the quarter Q4FY26 stood at Rs 16,603.81 lakhs, an increase of 22.25% YoY from Rs 13,582.43 lakhs and a 20.90% increase QoQ from Rs 13,733.34 lakhs. Net Profit for Q4FY26 reached Rs 2,604.73 lakhs, up 23.73% YoY from Rs 2,105.16 lakhs in Q4FY25 and up 17.45% QoQ from Rs 2,217.68 lakhs in Q3FY26. Annual Revenue from Operations for FY26 reached Rs 57,086.07 lakhs, marking a growth of 12.30% over Rs 50,834.78 lakhs in FY25. Annual Total Income for FY26 was Rs 58,313.35 lakhs, compared to Rs 52,119.20 lakhs in FY25. Annual Net Profit for FY26 stood at Rs 9,585.85 lakhs, reflecting a growth of 24.40% compared to Rs 7,705.53 lakhs in FY25. Total Comprehensive Income for FY26 was Rs 9,585.01 lakhs, against Rs 7,682.55 lakhs in FY25. Standalone Financial Highlights: Revenue from Operations for Q4FY26 was Rs 11,670.94 lakhs, a growth of 2.18% YoY from Rs 11,422.38 lakhs in Q4FY25 and a growth of 5.98% QoQ from Rs 11,012.83 lakhs in Q3FY26. Total Income for Q4FY26 was Rs 12,089.11 lakhs, up from Rs 11,749.71 lakhs in Q4FY25 and Rs 11,310.81 lakhs in Q3FY26. Net Profit for the quarter Q4FY26 was Rs 2,037.95 lakhs, a YoY increase of 4.43% and a QoQ increase of 5.39%. Annual Revenue from Operations for FY26 was Rs 46,195.39 lakhs, representing a 5.66% increase from Rs 43,721.05 lakhs in FY25. Annual Net Profit for FY26 stood at Rs 8,186.05 lakhs, an increase of 12.76% from Rs 7,259.85 lakhs in FY25. Business Highlights: Dividend: The Board recommended a final dividend of Rs 2/- per equity share (100% of face value) for FY26. Including the interim dividend already paid, the total dividend for the year stands at Rs 4/- per share. Segment Performance: The Group's activities predominantly involve one business segment, namely "Process and Product Engineering." Joint Venture Performance: The Share of profit in joint venture for FY26 grew significantly to Rs 335.38 lakhs from Rs 167.51 lakhs in FY25. New Line of Business: The company has accorded consent to enter the "Industrial Paints & Protective Coatings" market. An estimated investment of Rs 80-100 crore will be deployed in a phased manner to address external market opportunities. Pune Facility Update: The launch of the Pune plant has been deferred due to pending permissions/consents from relevant government authorities. Currently, orders are being processed at the existing Solan facilities. Exceptional Items: The Group recognised a one-time expense of Rs 92.06 lakhs in FY26 related to the "New Labour Codes," comprising Rs 75.17 lakhs for gratuity liability increase and Rs 16.89 lakhs for compensated absences. Management Changes: Re-appointed Mr Uddhav Kejriwal as Whole-time Director for five consecutive years, effective June 16, 2026. Mr Pankaj Kumar Gazta has been appointed as the new Factory Manager effective June 01, 2026. Investment Policy: The Board approved the investment of surplus funds in fixed deposits, mutual funds, bonds, and government securities within the limits of Section 186 of the Companies Act, 2013. Kabir Ghumman, Managing Director, said: “FY26 was a strong validation of the Shivalik model. Revenue grew 12%, while EBITDA and PAT grew 26% and 25%, with EBITDA margin expanding 250 bps to 22.9%. This performance was driven by a sharper focus on higher-value components, better realisations, stronger cost discipline and deeper customer relevance. We are building Shivalik into a precision components and assemblies platform, supported by our core technological strengths. The Pune facility is an important part of this next phase. It expands our capability in PCBA and busbar assemblies for automotive and electrification-led applications, where customers increasingly need integrated solutions rather than only individual components. This brings us closer to OEM and Tier-1 customers and opens larger, more strategic opportunities. Our regional progress also supports this direction. India remained an important growth market, with strong traction in Shunts led by automotive, smart metering and energy management applications. Bimetals in India remained more moderate, reflecting softer demand in select switchgear-linked end markets, but the long-term opportunity remains intact as electrical infrastructure and energy-efficiency demand continue to build. Europe is showing strong traction, helped by our local presence and new customer additions across both Shunts and Bimetals. In the Americas, FY26 was soft, but we are seeing early signs of demand normalisation. Some of the strip-led business is now moving towards end-product and component-led supply for American customers, which should support better value capture over time. Across markets, customers are looking for more reliable, integrated and value-added solutions, and this is where Shivalik is strengthening its position. We carried higher inventory during the year to protect delivery reliability and prepare for new assembly-led growth. As these opportunities scale, our focus will be on converting stronger earnings into stronger cash generation. Heading into FY27, we will continue to prioritise margin quality, working-capital efficiency, deeper customer partnerships and disciplined capital allocation.” Result PDF