KSH International (KSHINTL) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 delivered robust growth in specialized and standard winding wire segments, with revenue up 108% year-over-year and PAT up 86%, driven by capacity expansion and strong demand from T&D, renewables, and data centers.

• Entered a five-year global supply framework agreement with a major transformer OEM, enhancing long-term revenue visibility.

• Capacity expansion is on track, targeting 59,045 MT installed capacity by year-end.

• Unaudited financial results for Q1 FY27 were approved by the Board on August 10, 2026.

• Completed IPO in December 2025, raising ₹4,200 million via fresh issue and ₹2,063.54 million via offer for sale.

Financial highlights

• Q1 FY27 revenue from operations was ₹11,642.35 million, up 108% year-over-year and 14% sequentially.

• Q1 EBITDA reached ₹744 million, up 85% year-over-year, with EBITDA margin at 6.39%.

• PAT for Q1 FY27 was ₹422.20 million, up 86% year-over-year and 24% sequentially, with a PAT margin of 3.63%.

• EPS for Q1 FY27 was ₹6.23, up from ₹3.99 in Q1 FY26.

• Export revenue grew 76% year-over-year and 12% sequentially.

Outlook and guidance

• Management expects to sustain EBITDA per ton at approximately INR 75,000 for FY27, with actuals dependent on product mix and exports.

• Capacity expansion to 59,045 MT by year-end supports continued growth.

• Export revenue share targeted to return to historical peak of 40% of total revenue over time.

• The company commenced production of copper rods at a new in-house Upcast Facility effective August 4, 2026.