Kaynes Technology India Limited , a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer, has made significant strides in its global expansion strategy while delivering impressive financial results for the first quarter.

Strategic Acquisition in Canada

Kaynes Tech has successfully acquired August Electronics in Canada, marking a crucial step in enhancing its manufacturing capabilities and strengthening customer relationships in key market segments. This strategic move is expected to bolster the company's presence in North America and offer a compelling India-Canada supply chain alternative for global clients, particularly those looking to diversify from China.

The acquisition aligns with Kaynes Tech's long-term growth objectives, which include expanding its capabilities in high-potential areas such as Original Design Manufacturing (ODM) and strategic electronics sectors like spacetech and aerospace.

Strong Financial Performance in Q1

Alongside its expansion efforts, Kaynes Tech has reported robust financial results for the quarter ended June 30:

• Revenue: The company achieved consolidated revenues of ₹6,734.66 million, representing a significant year-on-year growth of 34%.
• EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹1,130.00 million, showcasing a remarkable 69% year-on-year increase.
• EBITDA Margin: The EBITDA margin improved substantially to 16.80%, up 350 basis points from 13.30% in the same quarter last year.
• Net Profit: Kaynes Tech reported a net profit of ₹746.12 million, demonstrating a solid 47% year-on-year growth.
• PAT Margin: The profit after tax (PAT) margin increased to 11.10%, up from 10.10% in Q1 of the previous year.

Order Book and Financial Position

The company's order book stood at ₹74,011.00 million as of June 30, compared to ₹50,386.00 million on June 30 of the previous year, indicating strong revenue visibility for the future. Kaynes Tech's net worth has also seen significant growth, reaching ₹45,028.00 million as of June 30, up from ₹25,352.00 million a year ago.

Management Commentary

Ramesh Kunhikannan, Managing Director & Promoter of Kaynes Technology India Limited, commented on the results: "Our consistent focus on complex, high-margin verticals – such as industrial & EV, aerospace, smart infrastructure, etc. - has helped sustain profitable growth. The recent acquisition of August Electronics in Canada not only adds manufacturing capacity and capabilities in North America but also brings strong customer relationships in key high-value segments."

Future Outlook

Kaynes Tech remains committed to its strategic vision of becoming a high-value, design-led global ESDM partner. The company continues to invest in emerging and high-potential verticals, the ODM segment, and strategic electronics, including SpaceTech, aerospace, and avionics, to create a diversified, resilient, and truly global enterprise.

With its strong financial performance, strategic acquisitions, and focus on high-growth sectors, Kaynes Technology India Limited appears well-positioned to capitalize on the growing opportunities in the global electronics manufacturing industry.

Kaynes Technology India Limited , a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer, has announced its financial results for the first quarter of fiscal year 2026, showcasing strong growth and improved profitability.

Financial Highlights

• Revenue from operations reached ₹6,734.66 million in Q1 FY26, marking a substantial 34% year-over-year growth from ₹5,039.78 million in Q1 FY25.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw an impressive 69% YoY increase to ₹1,130.00 million, compared to ₹669.00 million in the same quarter last year.
• EBITDA margin expanded significantly by 350 basis points to 16.8% in Q1 FY26, up from 13.3% in Q1 FY25.
• Profit After Tax (PAT) grew by 47% YoY to ₹746.12 million, with PAT margin improving to 11.1%, a 100 basis points increase from the previous year.

Operational Performance

The company's order book stood at ₹74,011.00 million as of June 30, 2025, showing robust growth from ₹50,386.00 million a year ago. This strong order book provides excellent revenue visibility for FY26 and beyond.

Key Developments

1. Expansion into Space Technology: Kaynes Technology incorporated a wholly-owned subsidiary, Kaynes Space Technology Private Limited, on June 26, 2025, marking its entry into the space sector. This new entity will focus on developing satellites of all classes.

2. Global Expansion: The company established Kaynes Canada Limited as a wholly-owned subsidiary of Kaynes Holding Pte. Limited, serving as a Special Purpose Vehicle (SPV) for future acquisitions.

3. Employee Stock Options: The company allotted 77,561 equity shares under the Kaynes ESOP Scheme 2022, increasing its paid-up equity share capital to ₹67,03,46,540.

4. Fund Utilization: Kaynes Technology has been actively utilizing funds raised through its Initial Public Offering (IPO) and subsequent Qualified Institutional Placements (QIPs) for various strategic initiatives, including:

   • Repayment of borrowings
   • Capital expenditure for expansion of manufacturing facilities
   • Investment in subsidiaries
   • Funding working capital requirements

Management Commentary

Ramesh Kunhikannan, Managing Director & Promoter of Kaynes Technology India Limited, stated, "Our consistent focus on complex, high-margin verticals – such as industrial & EV, aerospace, smart infrastructure, etc. - has helped sustain profitable growth. We remain committed to expanding our capabilities and geographic reach through strategic investments in emerging & high potential verticals, ODM segment and strategic electronics that are aligned with our long-term goal of creating a diversified, resilient, future-ready and a truly global enterprise."

Future Outlook

The company's recent acquisition of August Electronics in Canada not only adds manufacturing capacity and capabilities in North America but also brings strong customer relationships in key high-value segments. This positions Kaynes Technology to offer a compelling India–Canada supply chain alternative for global clients, especially those looking to diversify from China.

With its strong financial performance, expanding global footprint, and strategic initiatives in high-growth sectors like space technology, Kaynes Technology India Limited appears well-positioned for continued growth and value creation in the coming quarters.

Note: All financial figures are in Indian Rupees (₹) and comparisons are made on a year-over-year basis unless otherwise stated.