Industrial Products company KSH International announced Q3FY26 results Sales Volume: Rs 7,404.4 million against Rs 5,988.2 million during Q3FY25, change 24%. Revenue: Rs 8,177.7 million against Rs 5,158.2 million during Q3FY25, change 59%. EBITDA: Rs 4,93.7 million against Rs 402.1 million during Q3FY25, change 23%. PAT: Rs 233.3 million against Rs 257.2 million during Q3FY25, change -9%. Rajesh K. Hegde, Managing Director, KSH International, said: “We are pleased to once again report the highest quarterly revenue and EBITDA in our 45-year history. These results demonstrate tangible progress in introducing and utilising new capacity in a strong demand cycle, while concurrently strengthening and diversifying the business. Given there were some moving parts related to our Supa expansion and the IPO during Q3FY26, we believe the year-to-date results provide a fairer assessment of the underlying trends in our business. 9MFY26 and Q3FY26 Revenue from Operations grew 47% and 59% respectively, over the prior year, driven by volume growth, mix and copper price increases. EBITDA in 9MFY26 and Q3FY26 increased 55% and 23% respectively, versus a year ago. EBITDA/Ton of Rs 66,044 in 9MFY26, improved from Rs 50,133 last year. Utilization at company level came down to 70%+ in Q3FY26, as new capacity at Supa became operational in the quarter. We added a further 2,400 MTs of capacity in Q3FY26, bringing total available annualised capacity of 43,445 MTs for Q4FY26. We continued to maintain our focus on higher value-added products with specialized magnet winding wires revenue growth accelerating to 48% and 61% in 9MFY26 and Q3FY26, respectively compared to a year ago, driven by demand for CTC, as well as exports (which grew 37% YoY in Q3FY26, versus 22% growth in Q2FY26). During Q3FY26, we began supplying specialized magnet winding wires for cumulative orders of 37 HVDC transformers during Q3FY26. This includes the order from BHEL as well as from another of our existing customers. To be clear, these orders are typically supplied over a 12-24 month period, and therefore their contributions are incremental on a quarterly basis; and Lastly, on the balance sheet, we have now repaid Rs 2,259.77 million of short-and-longterm debt, at the end of Q3FY26, and as a result, has brought our debt-to-equity ratio (excluding IPO proceeds to be redeployed), down to 0.42x.” “Transformer OEMs are generally referring to the current demand environment as a structural cycle, particularly in India for renewable and thermal energy, and globally for AI data centres. These industry tailwinds coupled with the long-term potential for EV traction motors, railways and round wires, as well as our newly available capacity, positions us well to sustain our industry leading growth and unit economic profitability.” Result PDF