Shivalik Bimetal Controls513097Quarterly results
2:1 bonus issue, Rs. 2/- interim dividend and Q2 results approved at board meeting
Board meeting on 04 Nov 2026 approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026; the auditor's review states nothing came to its attention indicating material misstatement.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 19,778.83 | 13,740.25 | +43.9% | 18,219.64 | +8.6% |
| Total income | 20,075.95 | 14,099.91 | +42.4% | 18,579.76 | +8.1% |
| Profit before tax | 4,680.46 | 3,243.82 | +44.3% | 4,398.54 | +6.4% |
| Profit after tax | 3,475.15 | 2,485.38 | +39.8% | 3,311.91 | +4.9% |
| Total comprehensive income | 3,353.44 | 2,459.70 | +36.3% | 3,300.90 | +1.6% |
| Basic EPS | 5.82 | 4.27 | +36.3% | 5.73 | +1.6% |
- Total income (latest quarter)
- 20,075.95 lakhs, up 42.4% YoY and 8.1% QoQ
- Profit after tax (latest quarter)
- 3,475.15 lakhs, up 39.8% YoY and 4.9% QoQ
- Period
- 30 September 2026 (Unaudited)
Also decided at the meeting
- Interim dividend @100% i.e. Rs. 2/- per equity share on 57604200 equity shares of Rs. 2/- each; record date Friday, November 13, 2026; payment on or before 03rd December, 2026.
- Bonus issue in ratio 2:1 (two Rs. 2/- shares per one held) by capitalising up to Rs. 23,04,16,800/- of retained earnings, subject to members' approval; record date to be announced.
- Increase in authorised share capital from Rs. 15,00,00,000/- to 40,00,00,000/- by altering Capital Clause of MoA, subject to members' approval.
- EGM to be held on 16 December 2026 at 10.30 AM via VC/OAVM; cut-off date December 09, 2026; e-voting December 13-15, 2026 via NSDL; M/s Amit Saxena and Associates appointed scrutinizer.
- Additional CFO responsibilities entrusted to Mr. Sumer Ghumman, Whole-time Director, on an interim basis with immediate effect, pending joining of selected CFO from January 2027.
- Board took note of resignation of Mrs. Aarti Sahni, Company Secretary, w.e.f. 07th December 2026.
- Board noted restructuring of bank borrowings and credit facilities of wholly owned subsidiary Shivalik Engineered Products Private Limited.
Auditor's review
Conclusion: Unmodified
- Statement includes Group's share of net profit after tax of Rs. 114.36 lakhs (quarter) and Rs. 341.67 lakhs (YTD) of one associate reviewed by other auditor; conclusion not modified.
- Figures for quarter ended 30 June 2026 and prior periods were reviewed/audited by predecessor auditor ARORA GUPTA & Co.; conclusion not modified.
Notes to the results
- Final dividend of Rs. 2 per equity share amounting to Rs. 1,152.08 lakhs for FY ended 31 March 2026 paid during the quarter ended 30 September 2026.
The board meeting of 04 November 2026 covered results, a bonus issue, an interim dividend, a capital raise in the authorised share capital and some management changes.
Results, standalone and unaudited
- Revenue from operations for the quarter ended 30 September 2026 was Rs. 14,491.43 lakh. That is higher than both the immediately preceding quarter (30 June 2026) and the same quarter last year.
- Net profit for the period was Rs. 2,980.87 lakh.
- The company operates in a single reportable segment, described as process and product engineering.
- The statutory auditor, Walker Chandiok & Co LLP, reviewed both the standalone and consolidated statements. Its conclusion states that nothing has come to its attention that causes it to believe the statements contain any material misstatement or fail to make the required disclosures. A review is narrower in scope than a full audit and is not an audit opinion.
Bonus issue
- Two bonus equity shares of Rs. 2/- each for every one fully paid-up equity share held, that is a 2:1 ratio.
- Up to ~Rs. 23.04 crore will be capitalised out of retained earnings (free reserves), based on the audited financial statements for the year ended 31 March 2026.
- After the issue, the paid-up share capital will be ~17.28 crore equity shares of Rs. 2/- each.
- The bonus shares are expected to be credited on or before 02 January 2027. The record date for entitlement will be announced later.
- The bonus issue needs shareholder approval and is being placed before an extraordinary general meeting on 16 December 2026 at 10.30 AM through video conferencing or other audio-visual means.
Interim dividend
- Rs. 2/- per equity share, on ~5.76 crore equity shares of Rs. 2/- each.
- Record date is Friday, 13 November 2026, and payment is to be made on or before 03 December 2026.
Other board decisions
- Increase in the authorised share capital to Rs. 40,00,00,000/-, which also requires shareholder approval at the same EGM.
- E-voting on the EGM resolutions opens 13 December 2026 and closes 15 December 2026; the cut-off date for voting rights is 09 December 2026.
- The board was informed that a candidate for Chief Financial Officer has been selected and is expected to take office from January 2027. Until then, Whole-time Director Sumer Ghumman will hold the additional responsibilities of CFO on an interim basis with immediate effect.
- The board took note of the resignation of Company Secretary Aarti Sahni with effect from 07 December 2026.
- The board noted a restructuring of the existing bank borrowing and credit facilities, including limits, for wholly owned subsidiary Shivalik Engineered Products Private Limited.
What shareholders may watch
- The bonus issue and the authorised capital increase both require approval at the EGM; the bonus record date is yet to be announced.
- The dividend has a fixed record date of 13 November 2026, so holding shares on that date determines eligibility.
19,778.83 (Rs. in lakhs)Revenue from operations, latest quarter
Total income, year-ago quarter14,099.91 (Rs. in lakhs)
Total comprehensive income, quarter3,300.90 (Rs. in lakhs)
Total comprehensive income, year-ago quarter2,459.70 (Rs. in lakhs)
Also from Shivalik Bimetal Controls
Audio recording of Q2 FY27 earnings call held November 04, 2026 uploaded on company website
4 Nov 2026
Shivalik Bimetal Q2 FY27: consolidated revenue up 43.95%, PAT up 36.34%
4 Nov 2026
Shivalik Bimetal Q2 FY27 consolidated EBITDA up 61.6% to ₹50.2 crore; margin 25.4%
4 Nov 2026
More numbers
- Interim dividend per equity shareRs. 2/-
- Equity shares on which interim dividend declared57604200
- Bonus issue ratio2:1
- Amount to be capitalised for bonus issueRs. 23,04,16,800/-
- Post-bonus paid-up equity shares17,28,12,600
- Authorised share capital after increase40,00,00,000/-
- Revenue from operations, standalone quarter (Rs. in lakhs)14,491.43
- Net profit for the period, standalone quarter (Rs. in lakhs)2,980.87
- Total income, latest quarter20,075.95 (Rs. in lakhs)
- Total income, year-ago quarter14,099.91 (Rs. in lakhs)
- Total income, previous quarter18,579.76 (Rs. in lakhs)
- Total comprehensive income, latest quarter3,353.44 (Rs. in lakhs)
- Total comprehensive income, year-ago quarter2,459.70 (Rs. in lakhs)
- Total comprehensive income, previous quarter3,300.90 (Rs. in lakhs)
- Profit after tax, latest quarter3,475.15 (Rs. in lakhs)
- Profit after tax, year-ago quarter2,485.38 (Rs. in lakhs)
- Profit after tax, previous quarter3,311.91 (Rs. in lakhs)
- Revenue from operations, latest quarter19,778.83 (Rs. in lakhs)
- Revenue from operations, year-ago quarter13,740.25 (Rs. in lakhs)
- Revenue from operations, previous quarter18,219.64 (Rs. in lakhs)
- Profit before tax, latest quarter4,680.46 (Rs. in lakhs)
- Profit before tax, year-ago quarter3,243.82 (Rs. in lakhs)
- Profit before tax, previous quarter4,398.54 (Rs. in lakhs)
Source: BSE · 4 Nov 2026
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