Q2-FY26 · Rajesh Hegde
We are the third largest winding wire manufacturer in India with an installed capacity of 41,045 metric tons annual capacity and we are also the largest exporter of winding wires from India.
KSH International · tone and specificity signals across the available quarters.
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We are the third largest winding wire manufacturer in India with an installed capacity of 41,045 metric tons annual capacity and we are also the largest exporter of winding wires from India.
CTC is what differentiates us from all our listed peers and accounts for more than half of our specialized winding wire business. We are the only Indian company approved to supply HVDC 400 KV transformers.
Working capital days are around 75 days and as compared to peers a little more. We are actively engaging and undertaking steps to bring down the working capital days in the next one or two years at all fronts.
Higher volumes generally also drive better operating leverage which has adversely affected in Q3 of FY26 due to the upfront costs related to the substantial capacity addition that came online in the quarter.
During the first three months of operation, we achieved more than 50% capacity utilization at Supa, bringing consolidated company utilization down to 68% from 90% plus last quarter.
EBITDA per ton for 9 months of FY26 was approximately Rs 66,000 per metric ton which is almost similar to Q3 FY26 and up from Rs 50,000 for 9 months FY25. This performance is consistent with our prior commentary that EBITDA per ton at current levels are sustainable.