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Earnings Call

Kaynes Technology India Earnings Call: Key Takeaways

Kaynes Technology missed its ambitious FY26 revenue guidance due to geopolitical disruptions in West Asia, despite strong underlying demand. Management is defensive about a ₹600 crore negative operating cash flow primarily driven by the smart metering business.

Why this was an Alfa AlertNot a filter event; the company missed its revenue guidance of ₹4,000-4,500 cr, achieving only ₹3,026 cr.
Highlights
Revenue growth33.2% YoY growth to ₹3,026 cr; missed internal guidance targets.
MarginsEBITDA margin at 15.8% for FY26; PAT margin at 10%.
Order bookOrder book over ₹9,000 cr; execution remains the primary challenge.
Demand visibilityStrong visibility with ₹9,000 cr+ order book across diversified sectors.
Management confidenceDefensive regarding missed targets and working capital but optimistic on O-SAT.

Growth

Revenue grew 33.2% YoY to ₹3,026 cr, but missed the revised ₹4,000 cr target significantly.

Outlook

Order book stands healthy at ₹9,000 cr+; aiming to double market growth rate.

Risks

Smart meter segment working capital cycle (122 days) and execution delays in government projects.

Source

Earnings Call filed with BSE, NSE: KAYNES. Summary written with AI assistance from the document.

Read the document ↗

Kaynes Technology India Ltd: key numbers

Share price
₹3,650.00
Market cap
₹24,468 Cr
Revenue (annual)
₹3,626 Cr
Net profit (annual)
₹363.9 Cr
P/E (TTM)
70.8×Sector 45.9×
Promoter holding
53.46%+0.00% QoQ
FII holding
5.82%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Annual General Meeting

Kaynes Technology India Annual General Meeting

Kaynes Technology held its 18th Annual General Meeting on September 17, 2026, transacting ordinary and special business items as scheduled.