KSH International Limited — Q2FY27 earnings call summary

Filed 09 November 2026 · Official transcript

No significant impact expected from US AI data center slowdown; exports and domestic demand robust
Capacity utilization improved to 76% in Q2; Phase-3 expansion approved to 72,200 MT by Q1 FY29
Strong demand outlook in T&D, renewables, railways, EV motors; long-term agreements progressing
Q2 FY27 revenue Rs. 1,320 Cr +85% y-y; EBITDA Rs. 90 Cr; PAT Rs. 48 Cr +62% y-y
Export revenue grew 108% y-y, now 32% of total revenue; target 40% in 1-2 years
Working capital days improved to 52; debt reduced by Rs. 140 Cr in H1 FY27
Phase-3 capex Rs. 185 Cr over 18 months, funded by internal accruals and debt
Long-term sustainable EBITDA per ton ~Rs. 85,000; Q2 EBITDA per ton Rs. 101,400