Shivalik Bimetal Q2 Net Profit Climbs to Rs 34.75 Crore

Consolidated revenue reached Rs 197.79 crore; Board approves 2:1 bonus issue proposal.
Reader Takeaway: Strong revenue and profit growth face an upcoming shareholder vote to finalize the 2:1 bonus issue.

What just happened

Shivalik Bimetal Controls reported its financial results for the quarter ended September 30, 2026. The company saw a significant jump in consolidated revenue to Rs 197.79 crore from Rs 137.40 crore in the same period last year. Net profit also grew substantially to Rs 34.75 crore, compared to Rs 24.85 crore in Q2 FY2026. Alongside the results, the company declared an interim dividend of Rs 2 per share and proposed a 2:1 bonus issue.

Corporate Actions

The Board has approved a 2:1 bonus issue, which will see two new shares issued for every existing share held by investors. The company plans to capitalize up to Rs 23.04 crore from its retained earnings to fund this. This action is currently pending shareholder approval at the Extraordinary General Meeting (EGM) scheduled for December 16, 2026. Additionally, an interim dividend of Rs 2 per share has been declared with a record date of November 13, 2026.

Governance and Management

The company announced that Whole-time Director Sumer Ghumman will serve as interim CFO following the upcoming transition period. A new permanent CFO is expected to join in January 2027. The board also noted the resignation of Company Secretary Aarti Sahni, effective December 7, 2026. Additionally, the company is restructuring credit facilities for its subsidiary, Shivalik Engineered Products Private Limited.

What to track next

Investors should monitor the outcome of the December 16 EGM regarding the bonus issue. Furthermore, the transition of the new permanent CFO in early 2027 will be a key management milestone to watch for ensuring long-term operational stability.