Quarterly & Annual Financial Results

Kaynes Technology Reports 33% FY26 Revenue Growth with Strong Order Book Expansion

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Kaynes Technology India Limited reported strong FY26 financial performance with consolidated revenue growing 33% YoY to ₹36,264 million. EBITDA rose nearly 40% while the company continued scaling its OSAT and PCB manufacturing capabilities, strengthening long-term growth visibility.

PRICE-SENSITIVE TRIGGER

Event: Audited Q4FY26 and FY26 Financial Results Announcement

Type: Quarterly & Annual Financial Results

Impact: Positive

Immediate Effect: Strong revenue growth, expanding EBITDA, and a growing order book reinforced confidence in Kaynes Technology’s long-term electronics manufacturing and semiconductor strategy.

Key Metrics:

Consolidated Q4FY26 Performance:

Revenue: ₹12,426 million (+26.2% YoY)
EBITDA: ₹1,937 million (+15.4% YoY)
EBITDA Margin: 15.6%
PAT: ₹912 million (-21.5% YoY)
PAT Margin: 7.3%

Consolidated FY26 Performance:

Revenue: ₹36,264 million (+33.2% YoY)
EBITDA: ₹5,741 million (+39.8% YoY)
EBITDA Margin: 15.8%
PAT: ₹3,639 million (+24.0% YoY)
PAT Margin: 10.0%

Operational Highlights:

Order Book: Above ₹80,000 million as of FY26
FY26 EBITDA Margin: 15.8% vs 15.1% in FY25
OSAT Facility: Commercial operations commenced at Sanand, Gujarat

Highlight:

Label: FY26 Revenue Growth
Value: Revenue increased 33% YoY to ₹36,264 million

What Happened ?

Kaynes Technology India Limited announced audited consolidated financial results for Q4FY26 and FY26, reporting strong growth across revenue and EBITDA.

The company highlighted major operational milestones during the year, including commencement of commercial operations at its OSAT facility in Sanand, Gujarat. Management also indicated that the HDI PCB manufacturing unit is nearing operational readiness.

The company continues expanding its electronics manufacturing capabilities across high-value segments including automotive, EVs, aerospace, industrial electronics, IoT, and strategic electronics.

key highlights

Business Expansion & Strategic Development:

FY26 revenue crossed ₹36,264 million with 33% annual growth.
EBITDA increased nearly 40% YoY to ₹5,741 million.
Order book exceeded ₹80,000 million, improving future revenue visibility.
OSAT facility at Sanand, Gujarat commenced commercial operations.
HDI PCB manufacturing unit is nearing operational readiness.
Company continues witnessing strong customer engagement and healthy long-term demand visibility.
Two independent directors with strong technology and industrial backgrounds were appointed to strengthen governance.
Kaynes is expanding capabilities in OSAT, PCB manufacturing, and design-led electronics solutions.

Note:

Management remains confident about long-term growth opportunities driven by India’s semiconductor and electronics manufacturing ecosystem expansion.

Risk Analysis

Key Risks

Large-scale expansion projects require timely execution and ramp-up.
Semiconductor and electronics demand cycles can remain volatile.
Margin pressure may arise from higher operational costs and scaling investments.
Global supply chain disruptions may affect electronics manufacturing timelines.
High-growth sectors like OSAT and PCB manufacturing involve technology execution risk.

Worst Case Scenario

Delays in operational ramp-up of semiconductor-related facilities or slowdown in electronics demand could impact margins, order execution, and future growth visibility.

Risk Level: Medium

Company Commentary

Management stated that the company achieved strong revenue growth despite difficult market conditions.
The order book provides strong future revenue visibility.
OSAT operations have commenced within 14 months of groundbreaking.
The company expects scalable growth from high-value electronics manufacturing, PCB, and OSAT capabilities.
Management remains confident about long-term growth potential supported by strategic sector demand.

Official Exchange Filing: Kaynes Technologies India Limited