Kaynes Technology India Ltd — earnings calls

Kaynes Technology reported consolidated FY26 revenue of Rs 3,626.4 crore, up 33.2% year-on-year, with EBITDA of Rs 5,741 million and a 15.8% EBITDA margin, while Q4 FY26 revenue was Rs 12,426 million, up 26% year-on-year. Management attributed the shortfall against earlier revenue guidance to geopolitical disruption, customer project deferments, and a large drop in orders from one electric vehicle OEM customer. The company also discussed negative operating cash flow linked to its smart metering subsidiary, receivables build-up in that business, and progress on OSAT, PCB, and railway Kavach product lines.