Kaynes Technology Q1 FY27 Results: Profit Falls To ₹56.4 Crore; Shares Fall
Add Preferred News Source
Kaynes Technology reported mixed Q1 FY27 results, with revenue rising 40.5% YoY to ₹946 crore. However, net profit declined 24.4% to ₹56.4 crore, and EBITDA margin narrowed to 15.6% from 16.7%. Read more.
Kaynes Technology shares came under pressure on 10 August after the company reported its Q1 FY27 results. Net profit fell to ₹56.4 crore in the April-June quarter from ₹74.6 crore a year earlier, even as revenue increased 40.5% year-on-year (YoY) to ₹946 crore from ₹673.5 crore.
The earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 29.5% to ₹147.5 crore from ₹113 crore, but the EBITDA margin declined to 15.6% from 16.7%.
Gross margin also narrowed to 34.4% from 41.1% as the cost of goods increased to ₹620 crore from ₹396 crore a year earlier.
What Do Kaynes Technology Q1 Results Show?
The company’s quarterly performance showed a divergence between top-line growth and bottom-line performance:
-
Revenue: ₹946 crore, up 40.5% YoY.
-
Net profit: ₹56.4 crore, down 24.4% YoY.
-
Gross margin: 34.4%, compared with 41.1% a year earlier.
Kaynes Technology attributed the gross-margin pressure to higher supply-chain, energy, commodity and foreign exchange costs.
Order Book Remains Strong Despite Margin Pressure
Kaynes Technology’s order book stood at ₹8,900 crore at the end of the June quarter. It was up 20% from a year earlier and 6% from the previous quarter. The order book-to-trailing 12-month sales ratio stood at 2.3x.
The company expects its Outsourced Semiconductor Assembly and Test (OSAT) and Printed Circuit Board (PCB) businesses to start contributing from Q3 FY27.
Kaynes Technology is also expanding into space and defence electronics. The company sees OSAT and PCB as additional areas of growth.
How Did Kaynes Technology Share Price React?
Kaynes Technology is an electronics manufacturing services company that operates across multiple segments, including automotive, electric vehicles and industrial electronics.
Kaynes Technology shares came under pressure following the company’s Q1 FY27 results. The stock fell 8% to hit the day’s low of ₹3,531 on the Bombay Stock Exchange (BSE). However, at 3:07 PM, the shares had recovered and were trading at ₹3,747.70, down 2.82%.
Also Read - SEBI Changes Nomination Rules From 1 September: What Demat And Mutual Fund Investors Should Know
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
Right Tools, Rich Insights
