Shivalic Power Control Limited — Others, 12-11-2024: Utilisation of Funds

Shivalic Power Control Limited has released its financial results for the half-year ending September 30, 2024, showcasing a revenue surge of 72.5% to ₹5,351.2 lakh and a staggering 117.2% increase in profit after tax to ₹646.2 lakh. EBITDA rose by 52.5% to ₹935.0 lakh. The company successfully utilized part of its IPO proceeds, raising ₹6,432 lakh, with significant allocations for working capital and capital expenditure. Amid expansion efforts, the firm plans new offices across major cities and is embracing digital transformation initiatives to enhance operational efficiency.