KSH International (KSHINTL) Q2 25/26 earnings summary

Executive summary

• Achieved record Q2 FY 2026 results with 50.7% year-over-year revenue growth and sustained momentum, driven by specialized winding wires and capacity expansion.

• Specialized winding wires remained the core business, representing 74.79%–77% of revenue, with a focus on high-value segments and exports to 24 countries.

• Completed Phase 1 of Supa facility expansion, raising installed capacity to 41,045 MT, with further expansion to 59,045 MT planned by FY 2027.

• Export revenue contributed nearly 30% of Q2 and H1 FY2026 revenue, supported by strong global OEM relationships.

• IPO completed post-period, raising INR 4,200 million via fresh issue and INR 2,063.5 million via offer for sale, with shares listed on BSE and NSE on December 23, 2025.

Financial highlights

• Q2 FY2026 revenue from operations was INR 7,122 Mn (INR 712 crore), up 50.7% year-over-year; H1 FY2026 revenue was INR 12,709 Mn, up 40.5% year-over-year.

• Q2 FY2026 EBITDA reached INR 461 Mn (INR 46.1 crore), up 74.2% year-over-year; EBITDA margin improved to 7.2%.

• Q2 FY2026 PAT was INR 296 Mn (INR 29.6 crore), up 128.9% year-over-year; PAT margin rose to 4.1%.

• Diluted EPS for Q2 FY2026 was 5.21, up from 2.27 in Q2 FY25.

• EBITDA per ton improved to INR 65,500, up 42.1% from last year, driven by product mix and higher value addition.

Outlook and guidance

• Sustained demand expected from power T&D, renewables, data centers, and EVs, with robust order backlogs and focus on high-value segments.

• Plans to expand capacity to 59,045 MT by FY 2027 and increase international market presence.

• Investments in EV motor wires and PEEK wire technology to support long-term growth and future EV traction motor demand.

• Continued margin improvement targeted through scale, backward integration, and sustainability initiatives.