Shivalik Bimetal Controls earnings calls.

Shivalik Bimetal Controls delivered 9% YoY revenue growthCurrent reported value: 9% YoY revenue growth. No comparable prior figure is available in the source record. in Q3 FY26 with EBITDA margin expanding over 400bps to ~24%Current reported value: 400bps to ~24%. No comparable prior figure is available in the source record., driven by favorable product mix and higher value-added component supplies to marquee global customers. The quarter faced temporary headwinds from US tariff uncertainty causing reduced orders from American customers, though management views this as largely resolved—tariffs accelerated the conversion of strip exports to higher-margin components. Vishal business is recovering and expected to return to peak levels in FY27. The board approved a Rs 20 crore Pune facilityCurrent reported value: Rs 20 crore Pune facility. No comparable prior figure is available in the source record. for automotive bus bar and connector assembly targeting e-mobility and energy storage, with phased capacity from Q1 FY27 and projected revenue of Rs 70-75 crore in FY27, scaling to Rs 250-300 crore over 3 years. Management guides overall FY27 growth better than 9% achieved in 9M, with base shunt business potentially growing 13-19% from new customer development. Working capital days at 250-260 remain elevated; corrective actions including domestic supplier development are underway. Key risks include geopolitical tariff volatility, flat Indian switchgear market limiting biometal growth, and margin dilution from lower-margin assembly business as it scales.