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Shares of Shivalik Bimetal Controls get listed on NSE
Shivalik Bimetal Controls consolidated net profit rises 340.09% in the March 2021 quarter
Shivalik Bimetal Controls standalone net profit rises 210.51% in the March 2021 quarter
Shivalik Bimetal Controls standalone net profit rises 557.65% in the June 2021 quarter
Shivalik Bimetal Controls consolidated net profit rises 607.32% in the June 2021 quarter
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Shivalik Bimetal Controls hit an upper circuit of 5% at Rs 305.95 after the company's consolidated net profit surged 156.63% to Rs 13.55 crore on 54.59% increase in net sales to Rs 76.23 crore in Q2 September 2021 over Q2 September 2020.
On a consolidated basis, profit before tax (PBT) surged 154.88% year-on-year to Rs 18.02 crore in Q2 September 2021.On a standalone basis, net profit surged 155.07% to Rs 12.83 crore on 54.56% increase in net sales to Rs 76.23 crore in Q2 September 2021 over Q2 September 2020.
EBIDTA surged 123.06% year-on-year to Rs 18.96 crore in Q2 September 2021. EBIDTA margin stood at 24.48% in Q2 September 2021, higher than 16.91% in Q2 September 2020.
The company said that construction of Unit IV factory building has been completed. Erection of equipment's is in progress and will be ready for trials runs by end of calendar year 2021.
The order book status remains positive due to China+1 phenomenon. At least 3 large BMS automotive projects are attaining maturity and coming into bulk production stage in Q1 2022. 3-4 more such projects are expected to reach this stage in next financial year, the company said.
Shivalik Bimetal Controls is specialized in the joining of material through various methods such as diffusion bonding/cladding, electron beam welding, solder reflow and resistance welding. The company offers precision manufactured components specific to the application requirements.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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