Shares of Shivalik Bimetal Controls Ltd. surged 40% in two trading sessions, settling at ₹1,105.05 per share on Monday following back-to-back upper circuits in the stock. According to BSE Analytics, the stock has delivered exceptional performance with nearly 160% gains in 2026 so far and an impressive over 900% increase in the last five years. The stock had also settled 20% higher in the previous session on Friday, significantly outperforming the broader market. Total traded volume reached 0.39 times its 30-day average, indicating strong investor interest and market confidence in the company's growth trajectory.
Shivalik Bimetal Controls delivered exceptional financial performance in the June 2026 quarter, with consolidated net profit surging 44.9% to ₹33.01 crore compared to ₹22.78 crore in the corresponding quarter of the previous year. The PAT margin improved significantly to 18.1% from 16.7% in Q1 FY26, reflecting enhanced operational efficiency and better business mix. This represents a significant improvement in the company's bottom-line performance during the first quarter of fiscal year 2026. The profit surge was significantly aided by a sharp increase in share of profit from its joint venture, Innovative Clad Solutions Private Limited, which rose to ₹227.31 lakh from ₹55.79 lakh in the previous year.
The company's sales revenue demonstrated robust growth of 33.4%, reaching ₹182.2 crore in Q1 FY27 compared to ₹136.60 crore in the same period last year. This substantial revenue increase indicates strong market demand and effective business expansion strategies implemented by the company. The growth was driven by higher contribution from subsidiary platforms and growth in the core standalone business. On a sequential basis, consolidated revenue increased 12% quarter-on-quarter, demonstrating continued growth momentum. The company's business mix has shifted towards higher-growth segments, including shunt resistors and applications linked to electric vehicles, smart meters, and energy storage systems.
Operating profit margin (OPM) remained stable at 23.72% in the current quarter compared to 23.40% in the previous year, indicating consistent operational efficiency despite the significant revenue growth. The latest quarterly performance shows EBITDA margin improving to 23.7% compared to 21.8% quarter-on-quarter, while EBITDA increased 21.8% to ₹43.2 crore versus ₹35.5 crore in the previous quarter. Sequential growth was particularly strong with PAT increasing 26.3% quarter-on-quarter, demonstrating the company's ability to maintain momentum across quarters. The company's integrated capabilities across precision materials, current-sensing components, switching solutions and value-added assemblies continue to drive operational excellence.
The Board of Directors, meeting on August 06, 2026, approved the unaudited standalone and consolidated financial results and declared a final dividend for the financial year 2025-26, with August 26, 2026, fixed as the record date. M/s. Arora Gupta & Co. Chartered Accountants resigned as Statutory Auditors due to resource constraints amid the company's operational growth, with M/s. Walker Chandiok & Co LLP appointed as Statutory Auditor effective August 07, 2026, for a five-year term subject to shareholder approval. Additionally, Mr. Rajeev Ranjan, Chief Financial Officer, offered his resignation effective October 31, 2026, with his resignation taking effect from close of business hours due to personal reasons. The company also received Consent to Operate from the Maharashtra Pollution Control Board for Phase I of its Pune manufacturing facility, valid until June 30, 2032, expanding capabilities in automotive electrification and battery-related applications.
