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Kaynes Technology India Results: Latest Quarterly Results & Analysis

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Kaynes Technology India Ltd. 05 Nov 2025 11:20 AM
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Q2FY26 Quarterly Result Announced for Kaynes Technology India Ltd.

Electrical Equipment & Products company Kaynes Technology India announced Q2FY26 results

  • Achieved revenues of Rs 9,062 million during the Q2FY26 period, establishing a strong growth of 58% YoY.
  • EBITDA Margins improved to 16.3% during the current quarter as compared to 14.4% for the quarter ended Sep 30, 2024.
  • PAT Margins improved to 13.4% during the current quarter as compared to 10.5% for the quarter ended Sep 30, 2024.
  • Orderbook grew to Rs 80,994 million as of Sep 30, 2025, from Rs 54,228 million as of Sep 30, 2024. 

Commenting on the results Ramesh Kunhikannan, Executive Vice Chairman & Promoter, Kaynes Technology India said: “Our revenues stood at Rs 9,062 million for the quarter ended September 30, 2025, as against Rs 5,721 million for the quarter ended September 30, 2024, with an impressive growth of 58% YoY. Our orderbook stood at Rs 80,994 million as of September 30, 2025, providing strong revenue visibility for H2 FY26 and beyond, giving us confidence to sustain the growth momentum. Our EBITDA and PAT margins for Q2 FY26 stands at 16.3% and 13.4% respectively. Building on its strong financial and operational performance, we are deepening our capabilities across the technology value chain – from semiconductors and HDI PCBs to system integration and advanced manufacturing.

We recently launched India’s First Manufactured IPM Multi-Chip Module through our wholly owned subsidiary – Kaynes Semicon Private Limited. Additionally, our new initiatives in the AR/VR, Space-Tech, and strategic electronics segment coupled with expansion of our global footprint, are laying the foundation for Kaynes’ future growth, positioning it at the intersection of innovation and industrial transformation. These will enable Kaynes to emerge as a diversified, future-ready enterprise leading India’s transition from electronics assembly to advanced technology manufacturing."

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Electrical Equipment & Products company Kaynes Technology India announced Q1FY26 results

  • Achieved revenues of Rs 6,735 million during the Q1FY26 period, establishing a strong growth of 34% YoY.
  • EBITDA Margins improved to 16.8% during the current quarter as compared to 13.3% for Q1FY25.
  • PAT Margins improved to 11.1% during the current quarter as compared to 10.1% for Q1FY25.
  • Orderbook grew to Rs 74,011 million as of June 30, 2025, from Rs 50,386 million as of June 30, 2024.
  • Net worth stands at Rs 45,028 million as of June 30, 2025, as against Rs 25,352 as of June 30, 2024.

Ramesh Kunhikannan, Managing Director & Promoter, Kaynes Technology India, said: “Our revenues stood at Rs 6,735 million for the quarter ended June 30, 2025, as against Rs 5,040 million for Q1FY25, establishing a growth of 34%. Our orderbook stood at Rs 74,011 million as of June 30, 2025, providing strong revenue visibility for FY26 and beyond, giving us confidence to sustain the growth momentum. Our EBITDA margins for Q1 FY26 grew to 16.8% and the PAT margins improved to 11.1%. Kaynes continues to build on its strategic vision of becoming a high-value, design-led global ESDM partner. Our consistent focus on complex, high-margin verticals – such as industrial & EV, aerospace, smart infrastructure, etc - has helped sustain profitable growth. Further, we remain committed to expanding our capabilities and geographic reach through strategic investments in emerging & high potential verticals, ODM segment and strategic electronics (including SpaceTech, aerospace & avionics) that are aligned with our long-term goal of creating a diversified, resilient, future-ready and a truly global enterprise.

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. This positions us to offer a compelling India–Canada supply chain alternative for global clients, especially those looking to diversify from China.

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Electrical Equipment & Products company Kaynes Technology India announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue for Q4FY25 was Rs 9,845 million, a 54% increase compared to Rs 6,373 million in Q4FY24.
  • EBITDA for Q4FY25 was Rs 1,679 million, a 76% increase compared to Rs 952 million in Q4FY24.
  • EBITDA Margin for Q4FY25 was 17.1%, a 211 basis points increase compared to 14.9% in Q4FY24.
  • PAT for Q4FY25 was Rs 1,162 million, a 43% increase compared to Rs 813 million in Q4FY24.
  • PAT Margin for Q4FY25 was 11.8%, a 95 basis points decrease compared to 12.8% in Q4FY24.

FY25 Financial Highlights:

  • Achieved revenues of Rs 27,218 million during the 12-months period ended March 31, 2025 establishing a strong growth of 51% compared to the previous year.
  • EBITDA for FY25 was Rs 4,107 million, a 62% increase compared to Rs 2,542 million in FY24.
  • EBITDA Margins improved to 15.1% during the financial year as compared to 14.1% during the previous year.
  • PAT for FY25 was Rs 2,934 million, a 60% increase compared to Rs 1,833 million in FY24.
  • PAT Margins improved to 10.8% during the financial year as compared to 10.2% during the previous year.
  • Orderbook grew to Rs. 65,969 million as of March 31, 2025, from Rs. 41,152 million as of March 31, 2024.
  • Net working capital days stands at 87 as of March 31, 2025, as against 83 days as of March 31, 2024.

Commenting on the results Ramesh Kunhikannan, Managing Director & Promoter, Kaynes Technology India said: “Kaynes revenues of Rs 27,218 million for the year ended March 31, 2025, as against Rs 18,046 million for the 12-months period ended March 31, 2024, establishing a growth of 51%. Our orderbook stood at Rs 65,969 million as of March 31, 2025, providing strong revenue visibility for FY26 and beyond, giving us confidence to sustain the growth momentum. Our EBITDA margins for FY 2025 grew to 15.1% and the PAT margins improved to 10.8%. This is a result of our constant endeavour to focus on complex and high margin segments. We expect to sustain this profitable growth and continue to work towards improving efficiencies. With our recent acquisition of August Electronics in Canada, we have strengthened our North American footprint, added manufacturing capabilities in Canada and large high-margin customers. Following this acquisition, we are well positioned to present a compelling opportunity to these customers more comprehensively, positioning the Canada-India alliance as a strategic alternative to China-based sourcing. We are continuously looking to add new capabilities and geographies through a mix of organic and inorganic strategies.”

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Electrical Equipment & Products company Kaynes Technology India announced Q3FY25 results

  • Achieved revenues of Rs 17,373 million during the 9MFY25 establishing a strong growth of 49% compared to 9MFY24.
  • Revenues for Q3FY25 stood at Rs 6,612 million as against Rs 5,093 million during Q3FY24.
  • EBITDA Margins improved to 14.2% during Q3FY25 as compared to 13.7% during Q3FY24.
  • PAT Margins improved to 10.1% during Q3FY25 as compared to 8.9% during Q3FY24.
  • Orderbook grew from Rs. 37,980 million in Q3FY24 to Rs. 60,471 million in Q3FY25.
  • Net working capital days improved to 107 as of December 31, 2024 as against 117 days as of December 31, 2023.

Ramesh Kunhikannan, Managing Director & Promoter, Kaynes Technology India, said: “Kaynes achieved an impressive 30% revenue YoY growth in Q3FY25 with healthy profit margins. Our revenues were Rs 17,373 million for 9MFY25 as against Rs 11,673 million for the 9MFY24 establishing a growth of 49%. Our orderbook stood at Rs 60,471 million as of December 31, 2024, providing strong revenue visibility for FY25 and beyond. The net working capital cycle has improved to 107 days during the current quarter, compared to Q3FY24 where it was 117 days. We continue to invest in high potential & high margin segments and expect these to help us sustain the growth momentum and make Kaynes, a differentiated player in this segment. We are consistently adding new capabilities, new geographies and looking to expand our customer base, with specific focus on large customers and high growth segments.”

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Electrical Equipment & Products company Kaynes Technology India announced Q2FY25 results

  • EBITDA Margins improved to 14.4% during the quarter as compared to 13.5% during the same period last year.
  • PAT Margins improved to 10.5% during the quarter as compared to 9.0% during the same period last year.
  • Orderbook grew from Rs 50,386 million in Q1FY25 to Rs 54,228 million in Q2FY25.
  • Net working capital days improved to 108 as of Q2FY25 as against 119 days as of Q2FY24.

Ramesh Kunhikannan, Managing Director & Promoter, Kaynes Technology India, said: “Kaynes achieved an impressive 59% revenue YoY growth in Q2FY25 with healthy profit margins. In line with our guidance, our margins both at the EBITDA and PAT levels have improved during the current quarter. Our orderbook stood at Rs 54,228 million as of September 30, 2024, providing strong revenue visibility for FY25 and beyond. This gives us confidence to sustain our growth and achieve the revenue guidance for the current year. The net working capital cycle has improved to 108 days during the current quarter, compared to Q2FY24. We continue to invest in high potential & high margin segments and expect these to help us sustain the growth momentum and make Kaynes, a differentiated player in this segment. We are consistently adding new capabilities, new geographies and looking to expand our customer base, with specific focus on large customers and high growth segments.”

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Electrical Equipment products company Kaynes Technology India announced Q1FY25 results:

  • Revenue: Rs 5,040 million, up by 70% YoY
  • PAT: Rs 508 million, up by 106% YoY
  • Orderbook surged from Rs. 41,152 million in Q4FY24 to Rs. 50,386 million in Q1FY25
  • Order book grew sequentially by 22% during the quarter compared to last quarter
  • Growth led by strong demand across all the verticals, more notably Industrial & EV, Aerospace,
  • Outer-space & Strategic Electronics and Railways segment 

Commenting on the results Ramesh Kunhikannan, Managing Director & Promoter, Kaynes Technology India said: “Kaynes achieved an impressive 70% revenue YoY growth in Q1FY25, driven by robust growth across all key verticals including Industrial & EV, Railways, Automotive and Aerospace, Outer-space & Strategic Electronics verticals with healthy profit margins. Our orderbook stood at INR 50,386 million as of June 30, 2024, providing strong revenue visibility for FY25 and beyond. This gives us confidence to sustain our growth and achieve the revenue guidance for the current year. The working capital cycle has been at around 121 days during the current quarter, similar to Q1FY24. Further, Kaynes continues to invest in new initiatives & focus on high potential opportunities. These initiatives would strengthen the Company's competitive edge and make Kaynes, a differentiated player in this segment. We consistently add new capabilities across verticals and expand our customer base, with specific focus on large customers and high growth segments.”

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Electrical Equipment company Kaynes Technology India announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Orderbook surged from Rs 37,890 million in Q3FY24 to Rs 41,152 million in Q4FY24
  • The average order inflow per month increased from Rs 2,788 million per month in Q3FY24 to Rs 3,212 million during Q4FY24
  • Revenue at Rs 6,373 million; up 74.8% YoY
  • Growth led by strong demand across all the verticals, more notably Industrial & EV, Aerospace, Outer-space & Strategic Electronics and Railways segment
  • EBITDA at Rs 952 million; up 60.5% YoY; EBIDTA Margin at 14.9%
  • PAT at Rs 813 million; up 96.8% YoY; PAT Margin at 12.8% 

FY24 Financial Highlights:

  • Revenue at Rs 18,046 million; up 60.3% YoY
  • EBITDA at Rs 2,542 million; up 51.0% YoY; EBIDTA Margin at 14.1%
  • PAT at Rs 1,833 million; up 92.5% YoY; PAT Margin at 10.2% 

Commenting on the results Ramesh Kunhikannan, Managing Director & Promoter, Kaynes Technology India Limited said: “ Kaynes achieved an impressive 60.3% revenue growth in FY24, driven by robust demand across all verticals, more notably in the Industrial & EV, Aerospace, Outerspace & Strategic Electronics and Railways verticals. The company's order book soared to INR 41,152 million, providing us strong visibility of growth for FY25 and beyond at similar growth rates and improved margins. The working capital cycle has reduced to 83 days in FY24 from 99 days in FY23. This is in line with our commitment and consistent efforts to optimize the working capital cycle. Kaynes continues to invest in new initiatives & executing projects in newer high potential segments. These strategic initiatives are poised to strengthen the company's competitive edge and make Kaynes an Integrated EMS Company. Many new initiatives are in the planning stage to support this strategy. We continue to expand capabilities across verticals with clear focus on outlined strategy of continuous expansion of customer base with focus on large accounts with growing share of value-added services.”

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Other Electrical Equipment/Products company Kaynes Technology India announced Q1FY24 results:

  • Orderbook surged to Rs 30,004 million up from Rs 26,482 million in FY23
  • Order inflow increased to Rs 2,165 million per month from Rs 1,516 million during Q4FY23
  • Revenue at Rs 2,972 million; up 49% YoY
  • Growth led by strong demand across Industrial, Railways, IoT/IT & Aerospace segment
  • EBITDA at Rs 403 million; up 64% YoY
  • PAT at Rs 246 million; up 145% YoY

Commenting on the results Ramesh Kunhikannan, Managing Director & Promoter, Kaynes Technology India said: “ Kaynes achieved an impressive 49% revenue growth, driven by robust demand across the Industrial, Railways, IoT/IT, and Aerospace sectors. The company's order book soared to Rs 30,004 million, providing us strong visibility of growth for FY24. Kaynes has made significant strides in upgrading its existing facilities and executing new expansion projects in Chamarajanagar, which are expected to come on stream in phases starting FY24. These strategic initiatives are poised to strengthen the company's competitive edge and expand its range of services. Given the proven track record of our execution capabilities, we are now targeting orders having higher proportion of value-added services and growing our overall wallet share."

 

 

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Other Electrical Equipment/Products company Kaynes Technology India announced Q4FY23 & FY23 results:

Consolidated Q4FY23:

  • Revenue at Rs 3,646 million Up 53% YoY
  • EBITDA at Rs 594 million Up 48% YoY
  • EBITDA Margin is at 16.3% 
  • Profit After Tax is at 413 million Up 108% YoY
  • PAT Margin is at 11.3%

Consolidated FY23:

  • Revenue at Rs 11,261 million Up 59% YoY
  • EBITDA at Rs 1,683 million Up 80% YoY
  • EBITDA Margin is at 14.9% 
  • Profit After Tax is at 952 million Up 128% YoY
  • PAT Margin is at 8.5%

 

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Other electrical equipment firm Kaynes Technology India announced Q3FY23 results:

  • Q3FY23:
    • Orderbook at an all-time high of over Rs 25,579.61 million
    • Revenue at Rs 2,890.91 million, up 57.61% YoY
    • Growth led by strong demand across Automotive, Railways and Consumer verticals
    • EBITDA at Rs 411.58 million, up 87.24% YoY
    • PAT at Rs 228.69 million, up 112.87% YoY

Ramesh Kannan, Managing Director, Kaynes Technology, said, "Kaynes delivered revenue growth of 63% for 9MFY23 as we witnessed strong demand across the Automotive, Railways and Consumer verticals. With an executable order book of over Rs 25,579 million, we have visibility of strong growth as we approach FY24. Given the proven track record of our execution capabilities, we are now taking orders where we provide higher value-added services. After successfully completing our IPO, we are now focused on upgrading our capacity and capabilities. This will help us benefit from the industry tailwinds in the manufacturing sector."

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