Financial Performance Summary

Kaynes Technology India Limited reported its unaudited consolidated financial results for Q2 and H1 FY27 ended September 30, 2026.

Revenue Performance
  • Q2 FY27 Revenue: Rs 9,525 million, showing 4.4% YoY growth from Q2 FY26 revenue of Rs 9,121 million
  • H1 FY27 Revenue: Rs 18,987 million, showing 17.9% YoY growth from H1 FY26 revenue of Rs 16,109 million
Profitability Metrics

EBITDA Performance:

  • Q2 FY27 EBITDA (excl. other income): Rs 1,256 million, declining 16.2% YoY from Rs 1,498 million in Q2 FY26
  • H1 FY27 EBITDA (excl. other income): Rs 2,681 million, growing 3.4% YoY from Rs 2,593 million in H1 FY26
  • Q2 FY27 EBITDA Margin: 13.2%, contracting 320 bps from 16.4% in Q2 FY26
  • H1 FY27 EBITDA Margin: 14.1%, contracting 200 bps from 16.1% in H1 FY26

PAT Performance:

  • Q2 FY27 PAT: Rs 398 million, declining 65.6% YoY from Rs 1,157 million in Q2 FY26
  • H1 FY27 PAT: Rs 852 million, declining 53.3% YoY from Rs 1,824 million in H1 FY26
  • Q2 FY27 PAT Margin: 4.2%, contracting 850 bps from 12.7% in Q2 FY26
  • H1 FY27 PAT Margin: 4.5%, contracting 680 bps from 11.3% in H1 FY26
Balance Sheet and Operational Metrics
  • Order Book: INR 106,252 million as of September 30, 2026, showing 31% YoY growth from INR 80,994 million as of September 30, 2025
  • Working Capital Days: 169 days as of September 30, 2026, increased from 123 days in the previous quarter
  • Debt to Equity Ratio: 0.4 times as of September 30, 2026, increased from 0.2 times in the previous quarter

Business Overview

Kaynes Technology is described as a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India with capabilities across the entire spectrum of Electronics System and Design Manufacturing (ESDM) services. The company has over three decades of experience providing services across multiple segments including Automotive, Industrial, EVs, Aerospace, Outer-space, Strategic electronics, Medical, Railways, IoT, and IT.

The company operates 16 advanced manufacturing infrastructure facilities capable of manufacturing high mix and high value products at variable or flexible volumes across all industry verticals. Additionally, the company maintains service centers in Cochin and Mumbai catering to Railway, Aerospace, and Industrial clients.