KSH International (KSHINTL) Q4 25/26 earnings summary

Executive summary

• Achieved strong revenue and profit growth in Q4 and FY 2026, driven by robust demand, capacity expansion, and leadership in specialized magnet winding wires, serving over 120 OEM customers globally.

• Embedded in critical infrastructure sectors with high entry barriers due to technical complexity and regulatory approvals.

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

• Strategic focus on expanding capacity to 59,045 MT by FY27 and leveraging ultra-precision technology for quality engineering.

Financial highlights

• FY 2026 revenue: INR 31,070 million, up 61.1% YoY; Q4 revenue: INR 10,183 million, up 100.5% YoY.

• FY 2026 EBITDA: INR 1,921 million, up 55.5% YoY; Q4 EBITDA: INR 563 million, up 59.9% YoY.

• FY 2026 PAT: INR 1,101 million, up 62% YoY; Q4 PAT: INR 345 million, up 86.5% YoY.

• EBITDA per ton for FY 2026 was INR 67,625, with Q4 at INR 74,000.

• Basic and diluted EPS for FY26 were INR 5.10 and INR 5.09, respectively, up from INR 3.25 in FY25.

Outlook and guidance

• FY 2027 volume growth expected to match or exceed FY 2026's 21%, with full-year benefit from expanded Supa capacity.

• Sustainable EBITDA per ton guided at INR 65,000–74,000, depending on product mix and export share.

• Management expects continued momentum into FY27, supported by capacity expansion, diversification, and sustainability initiatives.

• PEEK insulated wire capacity to come online by end of Q2 FY 2027, with meaningful contribution expected in 1.5–2 years.

• No explicit forward-looking financial guidance was provided.