KSH International Limited has submitted to the Exchange, Transcript of the Earnings call held on May 26, 2026.
KSHINTL · price
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KSH International, a manufacturer of magnet winding wires for transformers, reported strong Q4 and FY26 results. Q4 revenue grew 101% YoY to INR 1,018 crore, with volumes up 29% YoY at 7,600 metric tons. Export revenue surged 92% YoY driven by new global transformer clients in the Americas and Europe. EBITDA per ton improved to INR 74,000 in Q4 (FY26: ~INR 68,000), supported by better product mix and higher export volumes. Management guided sustaining EBITDA per ton in the range of INR 65,000-74,000 for FY27. The company deleveraged significantly, reducing debt-to-EBITDA from 1.21x to 0.39x. Capacity expansion at Supa remains on track for FY27 completion, taking total capacity to ~59,000 MT from current 43,445 MT.
The strong execution with margin expansion and export acceleration signals robust demand in the T&D sector. Shareholders can expect sustained profitability as new capacity comes online in FY27, though higher copper prices remain a pass-through item. Working capital optimization should further strengthen the balance sheet.