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KSH International released its Q2 FY27 earnings call transcript highlighting significant operational expansion. Installed capacity reached 57,845 metric tons as of September 30, 2026, marking ~96% completion of the Supa Phase-2 expansion. Q2 sales volumes rose 26% YoY to 8,842 MT, and export revenue surged 108% YoY, constituting ~32% of total revenue. Blended EBITDA per ton expanded to approximately Rs. 101,400 per MT, although management guided for a long-term normalized level of around Rs. 85,000 per MT as standard wire volumes ramp up.
உச்சம் நம்பிக்கை
என்ன மாறியதுSubmission of the complete earnings conference call transcript for the Q2 and H1 FY27 financial results.
ஏன் இது முக்கியம்Confirms nearly full commissioning of the Supa Phase-2 facility and strong export traction, validating the company's growth trajectory and product mix in high-voltage T&D components.
Installed Capacity: 57,845 metric tonsQ2 Sales Volume: 8,842 metric tonsQ2 EBITDA per ton: Rs. 101,400 per MTExport Share of Revenue: almost 32%Export Revenue Growth (YoY): 108%Long-term Sustainable EBITDA/ton Guidance: Rs. 85,000 per MT
📅 குறுகிய காலம்Positive sentiment from strong export momentum, approval from Power Grid for up to 765 kV products, and near-completion of the Supa facility.
📈 நீண்ட காலம்Doubling of manufacturing scale alongside strong global T&D demand positions KSH to scale revenues, though blended EBITDA margins per ton may normalize as standard wires scale.
⚠ அபாய எச்சரிக்கைகள்
Product mix shift towards standard winding wires expected to dilute elevated EBITDA per ton down to ~Rs. 85,000/MT
High working capital intensity from advance copper procurement
👀 கவனிக்க வேண்டியவை
Monitor volume ramp-up and capacity utilization from the newly commissioned Supa capacity in H2 FY27, along with the progression of blended EBITDA per ton toward the guided Rs. 85,000/MT mark.
Q2 FY27 PAT Rises 62% YoY to ₹48 Cr; Capacity to Expand to 72,200 MT by Q1 FY29
KSH International reported strong Q2 FY27 performance with revenue up 85.3% YoY to ₹1,319.7 Cr and PAT rising 62.2% YoY to ₹48.0 Cr. EBITDA per ton expanded by 54.9% YoY to ₹1,01,454, driven by higher-margin specialized magnet winding wires which accounted for 75.3% of revenue in FY26. Total manufacturing capacity reached 57,845 MTPA as of September 2026, up from 29,045 MT in FY25. The Board has approved an additional specialized wires expansion to take total installed capacity to 72,200 MTPA by Q1 FY29.
உச்சம் நம்பிக்கை
என்ன மாறியதுRelease of the Q2 and H1 FY27 investor presentation showcasing strong earnings growth and announcing a Board-approved capacity ramp to 72,200 MTPA by Q1 FY29.
ஏன் இது முக்கியம்Demonstrates rapid volume and profitability scaling with structural expansion in specialized wires, directly benefiting from domestic grid transformer upgrades and international HVDC demand.
Q2 FY27 Revenue: ₹1,319.7 கோடிQ2 FY27 PAT: ₹48.0 கோடிEBITDA per ton (Q2 FY27): ₹1,01,454Current Installed Capacity: 57,845 MTTarget Capacity by Q1 FY29: 72,200 MT
📅 குறுகிய காலம்Earnings presentation details strong operational momentum and rising value-add mix, supporting near-term sentiment.
📈 நீண்ட காலம்Capacity rising from 29,045 MT to 72,200 MT by Q1 FY29 (+149%) positions KSH to capture multi-year transformer and grid infrastructure tailwinds.
⚠ அபாய எச்சரிக்கைகள்
Execution and ramp-up risks for the new capacity addition up to Q1 FY29
High working capital intensity driven by advance copper procurement
👀 கவனிக்க வேண்டியவை
Monitor execution milestones for the newly approved capacity expansion to 72,200 MTPA by Q1 FY29, and track capacity utilization alongside EBITDA per ton sustainability across coming quarters.
KSH International Secures PGCIL Manufacturer Approval for Up to 765 kV Transformer Products
KSH International received manufacturer approval on October 21, 2026, from Power Grid Corporation of India Limited (PGCIL). The approval covers the manufacturing and supply of Continuously Transposed Conductors (CTC), Paper Insulated Copper Conductors (PICC), and Bunched PICC for transformers/reactors up to 765 kV class. The approved products will be supplied from the company's Supa facility for POWERGRID projects across India. This certification pre-qualifies KSH International to cater directly to high-voltage grid transmission projects, enhancing addressable demand as it expands Supa's capacity to 59,045 MTPA by FY27.
உச்சம் நம்பிக்கை
என்ன மாறியதுKSH International's Supa facility is now officially approved as an authorized manufacturer by PGCIL for up to 765 kV transformer conductors.
ஏன் இது முக்கியம்PGCIL approval is a mandatory prerequisite for supplying critical high-voltage transmission projects in India, unlocking OEM transformer demand for KSH's specialized winding wires.
Voltage Class Approval: up to 765 kV classApproval Date: அக்டோபர் 21, 2026TTM Revenue (Context): Rs 3712 கோடி
📅 குறுகிய காலம்Positive sentiment driver as it validates technical product quality with India's central transmission utility, though revenue flow depends on subsequent OEM orders.
📈 நீண்ட காலம்Crucial structural enabler for commercializing the Phase II expansion at Supa (doubling capacity to 59,045 MTPA by FY27) within domestic ultra-high-voltage grid rollouts.
⚠ அபாய எச்சரிக்கைகள்
No immediate contract or order value guaranteed by the approval
High working capital intensity in raw material procurement
👀 கவனிக்க வேண்டியவை
Track subsequent order intake and tender wins from PGCIL-linked power transmission equipment OEMs in upcoming quarterly updates.
KSH International Secures CTO for 28,800 MTPA Capacity at Supa Facility
KSH International has received the Consent to Operate (CTO Part-II with amalgamation of Part-I) from the Maharashtra Pollution Control Board on September 09, 2026, for its Supa Facility in Ahmednagar. Consequent to this approval, the total approved manufacturing capacity for specialized and standard magnet winding wires at Supa reaches 28,800 MTPA. The approval is valid through August 31, 2027, under the Orange/LSI category. This regulatory clearance supports the company's broader operational roadmap to expand overall capacity toward 59,045 MTPA by FY27.
உச்சம் நம்பிக்கை
என்ன மாறியதுKSH International received regulatory CTO clearance to operate up to 28,800 MTPA of capacity at its Supa manufacturing unit.
ஏன் இது முக்கியம்Enables the company to legally operate and scale production at Supa, supporting its target of expanding capacity and catering to growing OEM demand.
Approved capacity at Supa: 28,800 MTPAApproval validity: ஆகஸ்ட் 31, 2027Approval grant date: செப்டம்பர் 09, 2026
📅 குறுகிய காலம்Clearance removes regulatory overhang for operations at Supa, allowing smooth ramp-up in the immediate quarters.
📈 நீண்ட காலம்Key operational enabler for KSH's multi-year plan to double total company capacity to 59,045 MTPA by FY27.
⚠ அபாய எச்சரிக்கைகள்
Capacity ramp-up and execution risks
Consent renewal required prior to August 31, 2027
👀 கவனிக்க வேண்டியவை
Monitor production ramp-up at the Supa plant and volume growth in upcoming quarterly operational updates to verify capacity utilization.
Q1 FY27 Concall: Volume Up 30% YoY to ~8,000 MT; Signs 5-Year Hitachi Global Supply Agreement
KSH International reported a 30% YoY increase in Q1 FY27 sales volume to nearly 8,000 metric tons, driven by specialized wire revenue surging 113% YoY and export revenue rising 76% YoY. The company entered into a 5-year supply framework agreement with Hitachi Energy Global to supply winding wires to its Indian and global plants. Installed capacity stood at 43,445 MTPA as of June 30, 2026, with Phase 2 of the Supa expansion on track to reach approximately 59,000 MTPA by the end of FY27 (total project cost ₹150–160 crore). Additionally, it commissioned a 5,000 MT backward integration copper scrap upcast facility in Chakan.
உச்சம் நம்பிக்கை
என்ன மாறியதுSubmission of Q1 FY27 concall transcript detailing operational milestones, a 5-year global OEM framework deal, and capacity ramp-up schedules.
ஏன் இது முக்கியம்Confirms strong volume visibility and margin tailwinds as the company scales to 59,000 MTPA to capture global transformer and grid modernisation demand.
📅 குறுகிய காலம்Management noted minor multi-week order uptake delays by a few transformer OEMs resolving bottlenecks, expected to normalize in subsequent quarters.
📈 நீண்ட காலம்Structural tailwinds in power T&D, renewable energy, and data centers combined with doubling capacity position KSH for sustained long-term revenue growth.
⚠ அபாய எச்சரிக்கைகள்
Short-term pickup delays from transformer OEMs undergoing facility expansions
Execution timeline for completing Phase 2 capex by end of FY27
👀 கவனிக்க வேண்டியவை
Track the commissioning progress of Supa Phase 2 capacity in Q2/H2 FY27 and commercial order off-take under the Hitachi Energy framework agreement.
📊 கடந்த 7 நாட்கள் — உணர்வு அடிப்படையில் பகுப்பாய்வு செய்யப்பட்ட அறிவிப்புகள்
KSH International Q1 FY27: Revenue Hits ₹1,164 Cr, EBITDA Per Ton Surges 41% YoY
KSH International reported a robust Q1 FY27 with revenue reaching ₹1,164.2 crore, a significant jump from ₹558.7 crore in Q1 FY26. Profitability improved sharply as EBITDA per ton rose 41.6% YoY to ₹93,325, driven by a higher mix of specialized wires (75.3% of revenue). The company has successfully increased its annualized capacity to 43,445 MTPA as of June 2026, progressing toward its FY27 target of 59,045 MTPA. Net profit for the quarter stood at ₹42.2 crore, nearly doubling from ₹22.7 crore in the same period last year.
உச்சம் நம்பிக்கை
என்ன மாறியதுThe company has successfully commissioned Phase-I of its Supa expansion, raising capacity by ~50% to 43,445 MTPA, and reported a sharp increase in unit profitability.
ஏன் இது முக்கியம்The expansion and shift toward specialized wires for HVDC and 765kV transformers position KSH to benefit from India's projected tripling of transformer capacity by FY28.
📅 குறுகிய காலம்The stock is likely to react positively to the strong YoY growth in PAT and the significant expansion in EBITDA per ton, indicating high operational efficiency.
📈 நீண்ட காலம்Structural growth is supported by a 100%+ capacity expansion plan and a pass-through pricing model that protects absolute margins from copper price volatility.
⚠ அபாய எச்சரிக்கைகள்
High working capital intensity due to copper procurement
Potential denominator effect on EBITDA margin % if copper prices spike
👀 கவனிக்க வேண்டியவை
Investors should monitor the timely completion of the remaining 15,600 MTPA capacity expansion at the Supa plant by Q4 FY27. Additionally, track the sustainability of the high EBITDA per ton as the company scales its HVDC transformer wire segment.
108% Revenue Growth: KSH International Reports Record Q1 FY27 Performance
KSH International reported a robust Q1 FY27 with revenue doubling to ₹1,164.24 crore, driven by a 30.3% volume growth and higher copper prices. Profitability improved significantly with PAT rising 86.2% YoY to ₹42.22 crore and EBITDA per ton increasing 41.6% to ₹93,325. The company is on track to reach 59,045 MTPA capacity by FY27, with Phase 2 expansion expected in Q2 FY27. A new 5-year global framework agreement and land acquisition for future growth highlight strong demand visibility.
உச்சம் நம்பிக்கை
என்ன மாறியதுKSH International has significantly scaled its revenue and profitability through a higher-margin product mix and improved capacity utilization (73%).
ஏன் இது முக்கியம்The sharp increase in EBITDA per ton and specialized wire revenue validates the company's strategy to move up the value chain in the magnet winding wire industry, particularly for transformer OEMs.
📅 குறுகிய காலம்The stock is likely to react positively to the strong earnings beat and the announcement of a long-term global OEM contract.
📈 நீண்ட காலம்Structural growth is supported by a 103% total capacity expansion plan (from 29,045 to 59,045 MTPA) and increasing global market share in specialized wires.
⚠ அபாய எச்சரிக்கைகள்
High working capital intensity due to copper procurement
Sensitivity to LME copper price fluctuations affecting optical margins
👀 கவனிக்க வேண்டியவை
Monitor the commissioning of Phase 2 capacity in Q2 FY27 and the execution of the new 5-year global OEM framework agreement, which could sustain export momentum.
5,000 MTPA Upcast Facility Commences Production for Backward Integration
KSH International has commenced commercial production at its new 5,000 MTPA in-house upcast copper rod facility in Chakan, Pune, as of August 4, 2026. This ₹6.71 crore investment marks a strategic backward integration move to manufacture copper rods for captive consumption, reducing reliance on external suppliers. The facility is expected to enhance cost efficiency and supply chain stability, supporting the company's broader objective of doubling total production capacity to 59,045 MTPA by FY27. With current capacity utilization exceeding 90%, this integration is critical for maintaining operational margins.
உச்சம் நம்பிக்கை
என்ன மாறியதுThe company has transitioned from zero in-house upcast capacity to 5,000 MTPA, enabling internal production of copper rods for its winding wire business.
ஏன் இது முக்கியம்Backward integration reduces supply chain risks and captures the value-add of copper rod manufacturing internally, which is vital for a company where copper is a major pass-through cost.
New Upcast Capacity: 5,000 MTPAInvestment Amount: ₹67.13 MillionCurrent Total Capacity: 29,045 MTPATarget Capacity (FY27): 59,045 MTPAInvestment vs Dec 2025 Q Revenue: ~0.82%
📅 குறுகிய காலம்Positive sentiment expected as the company executes its expansion roadmap on schedule, potentially improving operational efficiency in the current quarter.
📈 நீண்ட காலம்This is a foundational step in the company's plan to double capacity by FY27, likely leading to better margin protection against commodity fluctuations.
KSH International Promoters Declare Nil Pledged Shares for FY 2025-26
Rajesh Kushal Hegde, on behalf of the promoter group of KSH International Limited, has submitted a formal declaration under SEBI (SAST) Regulations for the financial year ended March 31, 2026. The promoter group collectively holds 5,05,32,939 equity shares in the company. The disclosure confirms that no encumbrances, direct or indirect, were made on these shares during the fiscal year. This indicates that 100% of the promoter holding remains unpledged and free of any lien.
முக்கிய அம்சங்கள்
Promoter and Promoter Group hold a total of 5,05,32,939 equity shares as of March 31, 2026.Declaration confirms zero shares were pledged or encumbered during the 2025-26 financial year.Major individual holdings include Kushal Subbayya Hegde with 2,38,73,132 shares and Rajesh Kushal Hegde with 1,00,27,579 shares.The disclosure is a mandatory annual compliance under Regulation 31(4) of SEBI (SAST) Regulations, 2011.The promoter group includes 52 entities, including individuals, family trusts, and private limited companies.
👀 கவனிக்க வேண்டியவை
Investors should take this as a sign of financial stability within the promoter group, as zero pledging reduces the risk of forced liquidation. No immediate action is required other than noting the continued transparency in promoter holdings.
KSH International Seeks Shareholder Approval to Ratify ESOP 2025 for 17.04 Lakh Shares
KSH International Limited has issued a postal ballot notice to ratify its 'KSH Employee Stock Option Scheme 2025' following its recent Initial Public Offering. The scheme proposes to grant up to 17,04,546 equity shares of face value ₹5 each to eligible permanent employees and directors. This ratification is a mandatory regulatory requirement under SEBI (SBEB & SE) Regulations for pre-IPO schemes. The e-voting period for shareholders is scheduled from June 06, 2026, to July 05, 2026.
முக்கிய அம்சங்கள்
Ratification of KSH Employee Stock Option Scheme 2025 involving up to 17,04,546 equity shares.The scheme aims to retain and reward permanent employees and directors, excluding promoters and independent directors.E-voting period starts on June 06, 2026, and ends on July 05, 2026, with results expected by July 07, 2026.The resolution is proposed as a Special Resolution, requiring a 75% majority for approval.The shares issued under the ESOP will rank pari-passu with existing equity shares of the company.
👀 கவனிக்க வேண்டியவை
Investors should view this as a positive step for talent retention post-listing, though they should be mindful of the potential equity dilution of approximately 1.7 million shares.
KSH International Reports Record FY26 PAT of ₹110 Cr; Q4 Revenue Surges 101% to ₹1,018 Cr
KSH International delivered a robust performance in FY26, with annual revenue reaching ₹3,107 crore and PAT growing 62% to ₹110 crore. The company benefited from a 29% YoY volume growth in Q4 and a significant improvement in EBITDA per ton to ₹74,000, driven by a better product mix and high-margin exports. Management is optimistic about FY27, supported by the ongoing Supa capacity expansion to 59,000 MT and strong structural demand from the global T&D and data center sectors. The company's pass-through model for copper prices continues to mitigate raw material volatility.
முக்கிய அம்சங்கள்
Q4 FY26 revenue doubled YoY to ₹1,018 crore, while full-year PAT rose 62% to ₹110 crore.Export revenue surged 92% YoY in Q4, now representing 27% of total revenue excluding other operating income.EBITDA per ton improved significantly to ₹74,000 in Q4 FY26 from ₹60,000 in the previous year.Installed capacity reached 43,445 MT as of March 2026, with a target of 59,000 MT by FY27.Green copper backward integration project is on track for commencement in H2 FY27 to drive cost efficiencies.
👀 கவனிக்க வேண்டியவை
Investors should focus on the company's ability to maintain its high EBITDA per ton as it scales capacity to 59,000 MT. The strong growth in specialized winding wires and exports makes KSH a key beneficiary of the global power infrastructure cycle.
KSH International FY26 PAT Surges 62% to ₹1,101 Mn; Revenue Crosses ₹31,000 Mn
KSH International reported a robust performance for FY26, with revenue growing 61.1% YoY to ₹31,070 million and PAT increasing 62% to ₹1,101 million. The company achieved a significant improvement in profitability, with EBITDA per ton rising to ₹67,625 from ₹52,536 in the previous year. A key highlight is the massive deleveraging of the balance sheet, with the Debt-to-Equity ratio dropping from 1.21 to 0.39. The company is aggressively expanding capacity, targeting 59,045 MT by March 2027 to meet rising demand from the transformer and EV sectors.
முக்கிய அம்சங்கள்
Revenue grew 61.1% YoY to ₹31,070 Mn, while PAT surged 62% to ₹1,101 Mn in FY26.EBITDA per ton improved significantly to ₹67,625 from ₹52,536 in FY25.Debt-to-Equity ratio improved to 0.39 from 1.21, indicating a much stronger balance sheet.Manufacturing capacity reached 43,445 MT in FY26, with a target of 59,045 MT by March 2027.Specialized high-value products now contribute 75.3% of total revenue with 97% repeat business.
👀 கவனிக்க வேண்டியவை
Investors should note the strong volume growth and margin expansion as positive indicators of KSH's leadership in the high-voltage transformer market. The significant debt reduction and ongoing capacity expansion provide a clear runway for sustained growth.
KSH International Commissions 3220 kWp Rooftop Solar Plant at Supa Facility
KSH International has successfully commissioned a 3220 kWp rooftop solar power plant at its Supa Facility in Ahmednagar, Maharashtra. This project was a primary object of the company's IPO as outlined in its December 2025 prospectus. The energy generated will be used for captive consumption, which is expected to significantly reduce operational costs at the facility. This move enhances the company's sustainability profile while improving long-term margins through energy cost savings.
முக்கிய அம்சங்கள்
Successfully commissioned a 3220 kWp capacity rooftop solar power plant on May 18, 2026.Project fulfills a key commitment made in the IPO Prospectus dated December 18, 2025.Located at the Supa Parner Industrial Park facility in Ahmednagar, Maharashtra.Power generated will be utilized for captive consumption to lower utility expenses.The initiative aligns with ESG goals and contributes to overall operational sustainability.
👀 கவனிக்க வேண்டியவை
Investors should view this as a positive operational milestone that will likely lead to margin expansion through reduced power costs. Monitor upcoming quarterly results for improvements in the 'Power and Fuel' expense line item.
KSH International Appoints IIT Bombay Alumnus Hukumchand Lakhotiya as CEO
KSH International Limited has appointed Mr. Hukumchand Lakhotiya as its new Chief Executive Officer, effective April 02, 2026. Mr. Lakhotiya brings over 30 years of experience in the electrical and power sectors, including 25 years at industry leaders like CG Power and Schneider Electric. The company is a leading manufacturer and India's largest exporter of magnet winding wires, operating four facilities with a total annual capacity of 43,445 MTs. This strategic hire is aimed at driving global expansion and operational excellence across its specialized wire segments.
முக்கிய அம்சங்கள்
Mr. Hukumchand Lakhotiya appointed as CEO effective April 02, 2026.Appointee has over 30 years of domestic and international experience in electrical and power sectors.KSH International maintains a total annual manufacturing capacity of 43,445 MTs across four facilities.Mr. Lakhotiya is an IIT Bombay MTech graduate and a Gold Medallist in Electrical Engineering.
👀 கவனிக்க வேண்டியவை
Investors should view this as a positive move to professionalize leadership with a seasoned industry veteran. Monitor the company's ability to scale its 43,445 MTs capacity and expand global market share under the new CEO.
CARE Ratings Upgrades KSH International to 'A' (Stable) Following ₹225.9 Cr Debt Repayment
CARE Ratings has upgraded KSH International's long-term rating to 'A' from 'A-' following a significant strengthening of its capital structure. The company utilized proceeds from its ₹420 crore IPO in December 2025 to repay ₹225.9 crore of debt, which is expected to bring gearing below 1x. Operational performance is robust, with 9MFY26 revenue at ₹2,088.63 crore, already exceeding the full FY25 revenue of ₹1,935.15 crore. Additionally, the successful commissioning of the 12,000 MTPA Supa plant expansion provides a clear path for continued volume growth.
முக்கிய அம்சங்கள்
Credit rating upgraded to 'A' (Stable) from 'A-' and short-term rating to 'A1' from 'A2' by CARE Ratings.Repaid ₹225.9 crore of debt using proceeds from the ₹420 crore IPO completed in December 2025.9MFY26 revenue reached ₹2,088.63 crore, surpassing the total FY25 revenue of ₹1,935.15 crore.Phase-1 capacity expansion of 12,000 MTPA commissioned at Supa plant; Phase-2 (18,000 MTPA) planned by FY27.Overall gearing projected to fall below 1x from 1.40x (as of September 2025) following debt reduction.
👀 கவனிக்க வேண்டியவை
The rating upgrade and debt reduction significantly lower the company's risk profile and interest costs. Investors should monitor the ramp-up of the new Supa facility as a key driver for future earnings growth.
KSH International Credit Rating Upgraded to 'CARE A; Stable' for ₹450.08 Cr Facilities
CARE Ratings Limited has upgraded the credit ratings for KSH International Limited's bank facilities totaling ₹450.08 crore. The long-term rating has been raised to 'CARE A; Stable' from 'CARE A-; Stable', while the short-term rating improved to 'CARE A1' from 'CARE A2'. This upgrade is based on the company's improved operational and financial performance during FY 2024-25 and the first nine months of FY 2025-26. Such an upgrade typically indicates a stronger credit profile and may lead to lower borrowing costs for the company.
முக்கிய அம்சங்கள்
Long-term bank facilities of ₹61.08 crore upgraded from CARE A- to CARE A with a Stable outlook.Combined Long-term/Short-term facilities of ₹330.00 crore upgraded to CARE A; Stable / CARE A1.Short-term bank facilities of ₹59.00 crore upgraded from CARE A2 to CARE A1.Total bank facilities covered under the rating review amount to ₹450.08 crore.The upgrade reflects strong financial performance across audited FY25 and unaudited 9MFY26 results.
👀 கவனிக்க வேண்டியவை
Investors should take this as a positive signal of the company's improving financial health and debt-servicing capability. The upgrade could potentially reduce interest costs and improve net margins in the coming quarters.
KSH International Q3 Revenue Jumps 59% to ₹818 Cr; Volume Growth Hits 10-Year High of 24%
KSH International reported a robust 59% YoY revenue growth in Q3 FY26, driven by a 24% increase in sales volumes, the highest in a decade. While Q3 PAT dipped 9% to ₹23 crore due to one-time expansion costs and higher depreciation from the new Supa facility, 9M FY26 PAT rose 53% to ₹75.6 crore. The company utilized IPO proceeds to repay ₹225.9 crore of debt, drastically reducing its debt-to-equity ratio from 1.35x to 0.42x. Management is targeting a total capacity of 59,045 MT within 14 months to capitalize on global T&D and HVDC transformer demand.
முக்கிய அம்சங்கள்
Revenue for Q3 FY26 grew 59% YoY to ₹818 crore, with 9M FY26 revenue reaching ₹2,089 crore.Sales volume increased 24% YoY to 7,400 MT in Q3, the highest growth rate in nearly 10 years.Debt-to-equity ratio improved to 0.42x from 1.35x following a ₹225.9 crore debt repayment using IPO proceeds.Export revenue surged 37% YoY in Q3, now representing 27% of total revenue excluding other operating income.Installed capacity reached 43,445 MT as of December 2025, with a Phase 2 target of 59,045 MT.
👀 கவனிக்க வேண்டியவை
Investors should monitor the capacity utilization ramp-up at the new Supa facility and the execution of high-margin HVDC orders. The significant deleveraging and strong volume growth in the T&D sector position the company well for long-term capital appreciation.
KSH International reported a robust performance for Q3 FY26, with revenue from operations growing 59% YoY to ₹8,178 million and 9M FY26 EBITDA rising 55% to ₹1,358 million. The company successfully expanded its manufacturing capacity to 43,445 MTPA, with a roadmap to reach 59,045 MTPA within 14 months. A significant debt repayment of ₹2,260 million in December 2025 has deleveraged the balance sheet, resulting in a debt-to-equity ratio of 0.42x. Growth is primarily driven by specialized winding wires and a 37% surge in export revenues during the quarter.
முக்கிய அம்சங்கள்
Revenue from operations grew 59% YoY in Q3 FY26 to ₹8,178 million, while 9M FY26 revenue rose 47% to ₹20,886 million.EBITDA per ton improved to ₹66,044 in 9M FY26 compared to ₹50,133 in the previous year, reflecting better product mix.Repaid ₹2,260 million of short and long-term debt in December 2025, significantly strengthening the financial position.Export revenue accelerated by 37% YoY in Q3 FY26 to ₹2,130 million, supported by increased capacity availability.Commenced supply for 37 HVDC transformer orders for BHEL and other clients, with a delivery timeline of 12-24 months.
👀 கவனிக்க வேண்டியவை
Investors should take note of the company's successful deleveraging and aggressive capacity expansion in the high-margin specialized wire segment. The strong order book in HVDC transformers provides good revenue visibility for the next two years.
KSH International CEO Sandesh Bhagwat Resigns Effective March 31, 2026
KSH International Limited has announced that Mr. Sandesh Suryakant Bhagwat has resigned from his position as Chief Executive Officer (CEO) and Key Managerial Personnel. The Board of Directors accepted his resignation during their meeting on February 07, 2026, following his formal notice submitted on January 12, 2026. Mr. Bhagwat will remain in his role until the close of business hours on March 31, 2026, to facilitate a smooth leadership transition. The departure is attributed to his decision to pursue a new career opportunity outside the organization.
முக்கிய அம்சங்கள்
Mr. Sandesh Bhagwat to step down as CEO effective March 31, 2026.The resignation was formally accepted by the Board on February 07, 2026.The outgoing CEO provided a notice period starting from January 12, 2026, allowing for a transition period of over two months.The company confirmed there are no other material reasons for the resignation other than external career opportunities.
👀 கவனிக்க வேண்டியவை
Investors should monitor the company's upcoming announcements regarding the appointment of a new CEO to ensure leadership continuity. The extended notice period suggests an orderly transition, which minimizes immediate operational concerns.
KSH International Q3 FY26 Revenue Jumps 58.5% YoY to ₹8,178 Mn; Capacity Reaches 43,445 MTPA
KSH International reported a robust 58.5% YoY revenue growth in Q3 FY26, reaching ₹8,178 million, primarily driven by volume growth and copper price pass-throughs. While EBITDA grew 22.8% YoY to ₹494 million, PAT saw a 9.3% decline to ₹233 million due to non-recurring interest costs and exceptional items. The company significantly strengthened its balance sheet by repaying ₹226 crore of debt, resulting in a Debt-to-Equity ratio of 0.42x. Operational capacity was expanded to 43,445 MTPA, with a clear roadmap to reach 59,045 MTPA over the next 14 months.
முக்கிய அம்சங்கள்
9M FY26 Revenue grew 47% YoY to ₹20,886 Mn, with PAT increasing 52.6% to ₹756 Mn.Export revenues surged 37% YoY to ₹213 crore in Q3 FY26, now contributing 29% of 9M operating revenue.Repaid ₹226 crore of short and long-term debt in December 2025, significantly improving leverage.Manufacturing capacity increased to 43,445 MTPA following the addition of 2,400 MTs at the Supa facility.Commenced supplies for 37 HVDC transformer orders, including 11 from BHEL, with a 12-24 month delivery window.
👀 கவனிக்க வேண்டியவை
Investors should monitor the EBITDA per ton metric, which remains the primary profitability driver as the company is insulated from copper price volatility. The aggressive capacity expansion and debt reduction signal strong management confidence in the high-voltage transformer and EV sectors.
⚠️இந்தத் தளம் எவ்வாறு உருவாக்கப்படுகிறது: சந்தைத் தரவுப் பக்கங்கள் NSE/BSE வெளியீடுகள் மற்றும் நிறுவனங்களின் தாக்கல்களிலிருந்து தானாகக் கணக்கிடப்படுகின்றன; செய்திக் கட்டுரைகளும் அறிவிப்புப் பகுப்பாய்வுகளும் AI உதவியுடன் எழுதப்படுகின்றன, மனித மேற்பார்வையுடன்: AI உருவாக்குவதை எங்கள் ஆசிரியர்கள் மதிப்பாய்வு செய்கின்றனர். இரண்டிலும் பிழைகள் இருக்கலாம். எந்தவொரு முதலீட்டு முடிவுக்கு முன்பும் அசல் மூலங்களில் சரிபார்க்கவும். முதலீட்டு ஆலோசனை அல்ல; Flash Finance SEBI-பதிவு பெற்றது அல்ல. நாங்கள் AI-ஐ எவ்வாறு பயன்படுத்துகிறோம்
🎁 ஆரம்பகால ஆதரவாளர்களுக்கு மட்டும் · குறுகிய கால சலுகை
எங்கள் AI பங்குச் சந்தை பகுப்பாய்வு: டெலிகிராம், வாட்ஸ்அப்பில் இலவசம்
⚡ 3500+ நிறுவனங்களை நாங்கள் உடனுக்குடன் கண்காணிக்கிறோம். NSE-யில் ஒரு நிறுவன அறிவிப்பு வெளியானதுமே, எங்கள் AI அதைப் படித்து, சுருக்கி, அதன் தாக்கத்தைச் சில நொடிகளில் உங்களுக்குச் சொல்கிறது.
இதுபோன்ற AI பகுப்பாய்வுக்குக் கட்டணத் தளங்கள் ஆண்டுக்கு ₹1,00,000-க்கும் மேல் வசூலிக்கின்றன. எங்கள் சேனல்களில் இது இலவசம்.
