KSH International Limited reported its highest quarterly revenue and EBITDA in its 45-year history as volume growth and the commissioning of the Supa facility supported performance. Revenue from operations in the third quarter was Rs 8,177.7 million (mn), up 59 per cent year on year, while nine months revenue reached Rs 20,886.2 mn, up 47 per cent versus the prior period. Management attributed growth to volumes, mix and copper-linked realisations.

Annualised production capacity reached 43,445 tonne (t) after a further 2,400 t of capacity was added at Supa and Phase one became operational. Utilisation eased to 70 per cent plus in the quarter as new capacity came online and supplies from Supa commenced. Export revenue in the quarter was Rs 2,125.0 mn, up 37 per cent year on year, while demand for specialised products accelerated.

EBITDA for the quarter was Rs 493.7 mn, up 23 per cent, and EBITDA for the nine months was Rs 1,357.6 mn, up 55 per cent. EBITDA per tonne was Rs 66,044 for the nine months, up from Rs 50,133 a year earlier. Profit after tax in the quarter was Rs 233.3 mn and included an exceptional Rs 16.2 mn and Rs 27.2 mn of interest expense. The company repaid Rs 2,259.77 mn of debt and reduced the debt to equity ratio to zero point four two.

KSH has begun supplying specialised magnet winding wires for cumulative orders for 37 high voltage direct current transformers, to be fulfilled over the next 12 to 24 months, and noted that such orders contribute incrementally over time. Specialised wires revenue accelerated by 48 per cent for the nine months and by 61 per cent in the quarter, while standard wires revenue also expanded materially. The company reiterated its position as India’s third largest manufacturer by capacity and the largest exporter, operating four manufacturing sites in Maharashtra and citing demand tailwinds from renewables, electric vehicles and data centres.