Shivalik Bimetal Controls (SBCL) saw Q3 FY26 standalone revenue grow 3.68% YoY to ₹110.13 Cr, with profit after tax (PAT) up 11.11% to ₹19.47 Cr.

For the nine months, revenue rose 6.89% to ₹345.24 Cr and PAT climbed 16.13% to ₹61.32 Cr.

Strong operating efficiency led to expanded Gross, EBITDA, and PAT margins, with shunt resistors now contributing roughly 50% of total revenue.

Growth is driven by major trends: the global EV surge (each EV needing 2x shunt value), India’s massive smart meter rollout, and demand from energy storage and data centers.

Recent developments include establishing a European subsidiary and kickstarting a PCBA assembly line.

Management highlights their unique dual-process technology (Electron Beam Welding & Diffusion Bonding) as a key competitive edge, driving pricing power.

They plan ₹15-20 Cr in capex for optimization through FY27 to support future revenue potential of over ₹1,300 Cr, positioning SBCL to capitalize on global electrification.