Kaynes Technology India Limited has informed the Exchange about Transcript

Kaynes Technology reported FY26 revenue of INR 3,626.4 crores with 33.2% YoY growth, slightly missing its revised guidance of INR 4,000 crores. The company cited geopolitical disruptions (West Asia conflict) and a major EV OEM customer cutting production by 90% as reasons for the miss. EBITDA grew 39.8% to INR 5,741 million (15.8% margin) and PAT came in at INR 3,639 million (10% margin). However, operational cash flow turned significantly negative at INR 600 crores versus guidance of neutral/slightly negative, primarily due to its smart metering subsidiary (INX) where receivables ballooned to INR 1,365 crores on INR 971 crores revenue. The company refused to provide specific revenue guidance for FY27, stating it will only commit to outgrowing market growth rates. The management also announced top-level restructuring and role realignments, with the CFO absent due to health reasons. OSAT and PCB businesses have combined revenue visibility of over INR 25,000 million over 5 years, and the order book remains strong at INR 9,000+ crores.