KSH International share price rises as Q2 profit up 129% to ₹30 crore, revenue rises 51%

Intraday, the stock rose as much as 10.49% to ₹403.7 per unit on the National Stock Exchange (NSE). At 9:36 am, it was up 5.38% to ₹385 apiece.

The company's net profit advanced 128.9% to ₹29.59 crore in the September quarter of the financial year 2025-26. In the year-ago period, the post-tax profit stood at ₹12.93 crore, according to an exchange filing on January 5.

Revenue from operations rose 50.7% to ₹712.15 crore in Q2 FY26, compared to ₹472.47 crore in the same period of the previous fiscal year.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 74.2% year-on-year (YoY) to ₹46.11 crore. The export revenue also expanded 21.7% YoY to ₹196.15 crore.

Rajesh K Hegde, Managing Director of KSH International, said, "We are pleased to report the highest quarterly revenue and profitability in our 45-year history...Industry tailwinds for the power transformer industry and long-term potential for EV traction motors and round wires, together with our newly available capacity, positions us well to sustain our industry leading growth and unit economic profitability."

During the quarter, the company received an initial purchase order from BHEL to provide specialised magnet winding wires for 11 HVDC transformers to be deployed in the Power Grid power project in Khavda and Nagpur over the next 15 months, the regulatory filing said.

For the company's proposed 30,000 MT capacity expansion plan at Supa, it completed Phase-I at the end of September 2025, wherein 12,000 MTs of capacity across both standard and special magnet winding wires have been installed and are available for the second half of FY26. KSH International's current annualised available capacity is 41,045 MT.

For the large passenger and commercial electric vehicle (EV) market, the firm has signed an exclusive licence agreement for India with Austria's HPW Metallwerk GmbH, a global patent holder for PEEK insulated magnet winding wires for large EV motors, to produce and sell products in the domestic market based on polyetheretherketone insulated wire technology.

The stock had debuted at ₹370 per equity share on the NSE on December 23, a discount of 3.65% from the IPO issue price of ₹384. The issue size was ₹710 crore.