KSHINTLNSEKSH International LimitedHighNeutral
Announced Mon, 5 Jan · 16:44 IST

KSH International Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.

Revenue Growth 20pctPat Growth 25pctEbitda Margin ExpansionNegative Operating CashflowResults View source PDF

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AI summary

KSH International Limited reported strong Q2 FY26 results with revenue from operations rising to Rs 7,121.48 million, up about 51% from Rs 4,724.72 million in Q2 FY25. For the half year (H1 FY26), revenue grew to Rs 12,708.60 million from Rs 9,045.79 million, a jump of roughly 40%. Profit after tax more than doubled to Rs 295.91 million in Q2 (vs Rs 129.26 million a year ago) and H1 PAT surged to Rs 522.71 million from Rs 238.03 million. Basic EPS for Q2 stood at Rs 5.21 versus Rs 2.21 in the year-ago quarter. This is the company's first financial disclosure since its IPO, which listed on BSE and NSE on December 23, 2025, raising Rs 4,200 million through a fresh issue at Rs 384 per share. Statutory auditors Kirtane & Pandit LLP issued an unmodified (clean) limited review opinion on the results.

Likely market impact

The strong topline and bottomline growth, along with expanding margins, signals robust business momentum and is likely to be viewed positively by investors. However, the company reported a significant negative operating cash flow of Rs 456.85 million in H1 FY26 (worsening from Rs 102.58 million a year ago), which may raise concerns about working capital intensity and cash conversion despite strong accounting profits.