Kaynes reported 40% YoY revenue growth driven by EMS, though smart metering was intentionally de-grown to manage working capital. Management remains optimistic on new OSAT and PCB ventures despite global supply chain headwinds.
Kaynes reports Q1 FY27 revenue of ₹9,460 Mn, up 40% YoY. Strategy focuses on transitioning from contract manufacturing to high-margin product leadership and OSAT.
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.
Kaynes reported strong FY26 consolidated growth with revenue up 33% YoY to ₹36,264 mn and EBITDA up 40%. Management is pivoting toward a fully integrated electronics ODM via major OSAT and PCB expansions.