KSH International shares rallied 15% to reach a 52-week high following the release of exceptional Q4 FY26 results. According to market data, the stock was trading at ₹761.80 per share at around 11:17 AM, representing a significant recovery from its year's low of ₹330 per unit recorded on February 1, 2026. The scrip has demonstrated remarkable momentum with gains of 22% in the past week and 20% over the month, while achieving an impressive 115% surge on a year-to-date basis.
The company delivered outstanding financial performance in Q4 FY26, with net profit surging 87.05% year-on-year to ₹34.53 crore compared to ₹18.46 crore in the corresponding quarter of the previous year. As reported in the regulatory filing dated May 25, revenue from operations soared 100.52% YoY to ₹1,018.34 crore during the quarter, up from ₹507.84 crore in Q4 FY25. The top-line growth was driven by volume growth, product mix optimization, and higher copper prices in the market. However, EBITDA margins contracted by 140 basis points to 5.53% from 6.93% in the year-ago period, indicating a shift toward high-volume, lower-margin contracts or increased input costs.
For the full financial year FY26, KSH International achieved a remarkable 62% increase in net profit to ₹1,101.26 million compared to ₹679.88 million in FY25. Revenue from operations surged 61.13% to ₹31,069.71 million from ₹19,282.93 million in the previous year, while total income rose 61.40% to ₹31,283.82 million. The company's profit before tax increased 61.30% to ₹1,459.15 million, demonstrating strong operational efficiency despite higher costs. Earnings per share (Basic) improved to ₹18.38 from ₹11.97, representing a 53.50% increase in shareholder value. The company also recorded an exceptional item of ₹16.38 million for the year due to reassessment of employee benefit obligations following new Labour Codes.
KSH International demonstrated strong operational performance with EBITDA rising 60.14% YoY to ₹56.34 crore in Q4 FY26, compared to ₹35.18 crore in the year-ago period. The company achieved sales volume of 28,167.67 MT in FY26, up from 23,323.80 MT in FY25, with EBITDA per ton improving to ₹67,625 from ₹52,536 in the previous year. According to the company's filing, it recorded 43,445 MTs in installed capacity as of March 31, 2026, including 14,400 MTs installed at Supa, with company-level utilization at 70% in Q4 FY26. The company has plans to expand capacity to 59,045 MT by the end of Q4FY27, positioning it for significant growth in the power transformer and magnet winding wire segments.
The company's specialized wires segment showed robust growth with revenue advancing 103.20% YoY, while standard wires revenue rose 80.47% YoY in Q4 FY26. As reported in the filing, the specialized wires growth was driven by demand for Continuously Transposed Conductors (CTC) and exports. 75.3% of revenue share came from Specialized Magnet Winding Wires, which generated ₹21,870.68 million in revenue for FY26, while Standard Magnet Winding Wires contributed the remaining 24.7% with revenue of ₹7,167.58 million. The company experienced increased demand for export products from new countries and new transformer Original Equipment Manufacture (OEM) customers in existing markets, while also signing up several new domestic OEM customers for standard wire products.
KSH International's financial position strengthened significantly with cash and cash equivalents increasing substantially to ₹721.16 million as of March 31, 2026, from ₹103.68 million in the prior year. Net cash generated from financing activities was ₹3,058.24 million, primarily driven by IPO proceeds of ₹3,974.82 million. The company utilized ₹2,259.77 million of IPO proceeds for prepayment of term loans and working capital facilities. The company's paid-up equity share capital increased to ₹338.78 million as of March 31, 2026, from ₹284.09 million in the previous year, following the completion of an Initial Public Offering (IPO) in December 2025. The IPO comprised a fresh issue and an offer for sale, with shares listed on BSE and NSE on December 23, 2025.
