Kaynes Technology India's Q4 net profit drops 21.5 pc to Rs 91 crore
Mumbai, May 13
Kaynes Technology India Limited on Wednesday reported a 21.5 per cent year-on-year decline in consolidated net profit for the fourth quarter of FY26 at Rs 91.2 crore.
The company had posted a net profit of Rs 116.2 crore in the corresponding quarter last financial year (Q4 FY25), according to its stock exchange filing.
However, on a sequential basis, profit improved from Rs 76.6 crore reported in Q3 FY26.
Revenue from operations rose 26.2 per cent year-on-year to Rs 1,242.6 crore in the January-March quarter, compared to Rs 984.4 crore in the same period last financial year.
Sequentially, revenue climbed sharply from Rs 804 crore in the previous quarter, as per its filing.
At the operating level, EBITDA increased 15.4 per cent to Rs 193.6 crore from Rs 167.7 crore a year ago.
However, EBITDA margin narrowed to 15.6 per cent from 17 per cent in the year-ago quarter.
For the full financial year FY26, the company reported a 33 per cent increase in consolidated revenue from operations to Rs 3,626.4 crore, compared to Rs 2,721.8 crore in FY25.
Annual net profit rose to Rs 363.9 crore from Rs 293.4 crore in the previous fiscal, while basic earnings per share improved to Rs 54.85 from Rs 45.82.
Ahead of the earnings announcement, shares of Kaynes Technology India closed 3.28 per cent higher at Rs 4,182 on the NSE.
During the quarter, the company acquired a 76 per cent stake each in Aerocaliph Components Private Limited and Cryo Precision Technologies Private Limited to strengthen its electronics system design and manufacturing operations.
Based in Mysore, Kaynes Technology is an Electronic System Design and Manufacturing (ESDM) player with over three decades of experience.
The company provides end-to-end IoT-enabled solutions across sectors including automotive, industrial, aerospace and defence through its 16 manufacturing facilities across India. It has also expanded into OSAT semiconductor capabilities in recent years.
— IANS
Reader Comments
The EBITDA margin shrinking from 17% to 15.6% is a bit concerning though. Expansion into OSAT is great for Make in India, but costs are piling up. Still, full year profit up 24% and EPS improving to Rs 54.85 shows long-term strength. Need patience!
Sequential profit jumping from Rs 76.6 crore to Rs 91.2 crore is a positive sign - shows the company is bouncing back. With 16 manufacturing facilities and new OSAT capabilities, Kaynes is well positioned for India's electronics boom. The stock at Rs 4,182 seems fairly valued for long-term investors. 😊
As someone working in electronics manufacturing, I can tell you - ESDM is a tough business with thin margins. Kaynes doing Rs 3,626 crore revenue is commendable. The margin dip is temporary due to expansion costs. Hope the management controls expenses better in FY27 🙏
Impressive revenue growth of 26% YoY - that's the headline here. The profit drop is a blip. Kaynes is clearly investing for the future with acquisitions and OSAT expansion. India needs more such companies to reduce dependence on imports. 👍
I bought this stock last year and was a bit worried seeing the Q4 profit drop. But after reading this, I realize it's just a temporary phase. The company's fundamentals are strong - 33% annual revenue growth and 30+ years of experience speaks volumes. Holding on for the semiconductor story! 🚀
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