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.

Kaynes Technology India Limited , a leading player in the Electronics System Design and Manufacturing (ESDM) sector, has announced robust financial results for the first quarter along with a strategic move to reduce its ownership stake in its semiconductor subsidiary, Kaynes Semicon.

Q1 Financial Highlights

Kaynes Technology has released its financial results for Q1, showcasing strong growth and improved profitability:

The company's EBITDA of ₹1,130.00 million slightly exceeded estimates of ₹1,110.00 million, while the EBITDA margin of 16.78% surpassed the estimated 14.7%. Net profit also beat expectations of ₹704.00 million. However, revenue fell short of the estimated ₹7,590.00 million.

Strategic Decisions and Corporate Actions

Stake Reduction in Kaynes Semicon

The board has approved the dilution of its wholly-owned subsidiary Kaynes Semicon through preference share allotment to Alpha and Omega Semiconductor and US Technology International.

ESOP Allotment

The company allotted 77,561 equity shares under its ESOP Scheme 2022 at ₹138 per share, increasing the paid-up capital to ₹67.03 crores.

Board Appointments

• Mr. Vijayakrishna K T has been appointed as Secretarial Auditor for five years.
• The board approved the continuation of Mr. Seeplaputhur Ganapathiramaswamy Murali as Independent Director post age 75.

ESOP Scheme Modification

The company modified vesting periods for ESOP schemes from 1-5 years to 1-8 years.

Annual General Meeting

The 17th Annual General Meeting is scheduled for September 11, 2025, with a cut-off date of September 5, 2025.

Conclusion

Kaynes Technology's strong Q1 performance and strategic decisions indicate a focus on optimizing its portfolio and unlocking value in its semiconductor business. The company's moves to reduce stake in Kaynes Semicon while reporting robust financial growth reflect its dynamic approach to navigating the evolving ESDM sector.

As Kaynes Technology continues to expand its capabilities and geographic reach, these strategic decisions are likely to play a crucial role in shaping the company's position in the competitive electronics manufacturing and design landscape.