Kaynes Technology India Limited has informed the Exchange about Transcript
KAYNES · price
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Kaynes Technology reported Q1 FY26 consolidated revenue of INR 6,735 million, up 34% year-on-year, with EBITDA of INR 1,130 million (up 69%) and PAT of INR 746 million (up 47%). EBITDA margin expanded 350 basis points YoY to 16.8%, and PAT margin improved 100 bps to 11.1%, driven by gross margin gains across all six verticals and operating leverage. Order book grew to INR 74,011 million from INR 50,386 million a year ago. Management reiterated FY26 revenue guidance of INR 4,500 crores (INR 4,250 cr EMS, INR 100 cr OSAT, INR 175 cr from Canada) and indicated EBITDA margin will likely exceed the earlier 15.6% guidance. Net working capital days stood at 132, but management targets sub-70 days excluding an INR 350 crore acquisition-related receivable. OSAT plant in Sanand is on track for December 2025 commercial production with three global clients, HDI PCB plant in Chennai expected January 2026, and Kavach rail safety program nearing pilot.
Strong Q1 results with margin expansion and robust order book reinforce the growth story. Management's signal that EBITDA will exceed prior guidance is positive for earnings expectations, while the Canada acquisition and OSAT ramp-up open new revenue streams. Watch for working capital normalization and OSAT commercial billing in Q4 FY26 as key catalysts.