Shivalik Bimetal Controls Limited (SBCL) announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a Profit After Tax (PAT) of ₹19.47 crore for Q3 FY26, an increase of 11.11% year-on-year, with a PAT Margin of 17.68%. For the nine-month period (9M FY26), PAT rose by 16.13% to ₹61.32 crore, with the margin expanding to 17.76%. Revenue from operations for Q3 FY26 grew by 3.68% year-on-year to ₹110.13 crore. For 9M FY26, revenue increased by 6.89% to ₹345.24 crore. The company's EBITDA for Q3 FY26 saw an 18.46% increase to ₹27.56 crore, with the EBITDA Margin improving to 25.03%. For 9M FY26, EBITDA was ₹84.94 crore, up 19.69% year-on-year, and the margin expanded to 24.60%. Gross Margin expanded by 338 basis points to 50.40% in Q3 FY26. For 9M FY26, Gross Profit rose by 12.95% to ₹170.43 crore, and the Gross Margin widened to 49.37%. In terms of product segments, the Shunt Resistors business now contributes around 50% of the total business in value terms. The company noted that while Bimetals remain a long-term growth engine, Shunts have become a fast-growing driver. The company is strategically positioned to benefit from the electrification of the global economy, with key growth drivers including Electric Vehicles (EVs), smart meters, and data centers. Working capital metrics showed an increase in Inventory Days to 213 and Net Working Capital Days to 265 for 9M FY26. The company continues to expand its global presence, with exports to over 38 countries.
