Shivalik Bimetal Controls announced that the Board of Directors of the Company at its meeting held on 29 May 2024, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

The Board of Shivalik Bimetal Controls at its meeting held on 29 May 2024 has approved the proposal for incorporation of a wholly owned subsidiary of the company in Italy. The incorporation of the wholly owned subsidiary will leverage the growth opportunities in the evolving European market and will help the Company in becoming more agile and customer focused. Powered by Capital Market - Live News

Net profit of Shivalik Bimetal Controls rose 19.39% to Rs 25.68 crore in the quarter ended March 2024 as against Rs 21.51 crore during the previous quarter ended March 2023. Sales rose 3.37% to Rs 127.76 crore in the quarter ended March 2024 as against Rs 123.60 crore during the previous quarter ended March 2023.For the full year,net profit rose 6.54% to Rs 84.27 crore in the year ended March 2024 as against Rs 79.10 crore during the previous year ended March 2023. Sales rose 8.20% to Rs 508.93 crore in the year ended March 2024 as against Rs 470.37 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales127.76123.60 3 508.93470.37 8 OPM %17.0522.54 -20.8823.16 - PBDT36.4928.44 28 123.81112.86 10 PBT33.3925.68 30 111.75102.31 9 NP25.6821.51 19 84.2779.10 7 Powered by Capital Market - Live News

Shivalik Bimetal Controls will hold a meeting of the Board of Directors of the Company on 29 May 2024Powered by Capital Market - Live News

Shivalik Bimetal Controls has fixed 16 February 2024 as record date for interim dividend for FY 2023-24. Powered by Capital Market - Live News