Kaynes Technology India Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Kaynes Technology reported Q1 FY27 total revenue of Rs 946 crores, up 40% year-on-year, driven largely by the EMS business, while the smart metering business was deliberately scaled down due to working capital constraints. EBITDA for the quarter was Rs 147.6 crores, translating to a 15.6% margin and 31% year-on-year growth. Management said escalation in West Asia caused minor timing slippage in the OSAT and PCB ramp-up schedules, and operating cash flow was negative Rs 259 crores for the quarter due to higher inventory and receivables.
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.