Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
Date of Board Meeting / Approval: November 14, 2026 (commenced at 15:00 IST, concluded at 21:30 IST)
Audit Opinion: Unmodified conclusion on standalone results; Qualified opinion on consolidated results for unreviewed financials of associate Mixx Technologies Inc.
Auditor’s Comment: Unable to comment on adjustments that may be required to the Group's share of net loss from Mixx Technologies Inc. (₹60.02 million for Q2 FY27) and carrying amount of investment
Key Financial Highlights [Rs. in million]
Standalone Results:
Revenue from Operations: ₹6,672.71 (Q2 FY27) vs ₹4,621.92 (Q2 FY26) - 44.4% YoY growth
Total Income: ₹7,337.83 (Q2 FY27) vs ₹5,152.09 (Q2 FY26)
Net Profit: ₹970.72 (Q2 FY27) vs ₹245.22 (Q2 FY26) - 295.8% YoY growth
EPS: ₹14.45 (Basic) and ₹14.39 (Diluted) for Q2 FY27
Other Equity: ₹45,006.26 as of September 30, 2026
Cash and Cash Equivalents: ₹166.28 as of September 30, 2026
Debt: Short-term borrowings ₹7,921.01; Long-term borrowings ₹1,056.00; Total debt ₹8,977.01
Consolidated Results:
Revenue from Operations: ₹9,525.15 (Q2 FY27) vs ₹9,121.25 (Q2 FY26) - 4.4% YoY growth
Total Income: ₹9,711.30 (Q2 FY27) vs ₹9,462.09 (Q2 FY26)
Net Profit: ₹398.00 (Q2 FY27) vs ₹1,157.11 (Q2 FY26) - 65.6% YoY decline
EPS: ₹6.76 (Basic) and ₹6.73 (Diluted) for Q2 FY27
Other Equity: ₹48,681.46 as of September 30, 2026
Cash and Cash Equivalents: ₹679.29 as of September 30, 2026
Debt: Short-term borrowings ₹12,389.01; Long-term borrowings ₹5,708.82; Total debt ₹18,097.83
Segment-wise Performance:
The operating segment of the Group is identified as "Electronic System Design and Manufacturing (ESDM) Segment" with the Chief Operating Decision Maker reviewing business performance at an overall Group level as one segment. Segment-wise disclosure is not applicable.
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital structure changes were announced.
Other Significant Information:
Joint Venture Agreement: Approved JV with Toyokawa Techno Private Limited for establishing a JV in India to undertake manufacturing, assembling, testing and supplying Thin-Film Transistor Display (TFT) Modules and related products. The JV company will be 90% owned by KTIL and 10% by Toyokawa.
Subsidiary Strike-off: Approved voluntary strike-off of Kaynes Embedded Systems Private Limited (KESPL), a 60% subsidiary that is non-operational and did not generate any revenue from operations during FY26. Expected completion by March 31, 2027.
QIP Proceeds Utilization:
- December 2023 QIP (₹13,740 million net proceeds): Fully utilized for OSAT facility (₹7,567.11 million), PCB facility (₹3,072.89 million), and general corporate purpose (₹3,100 million)
- June 2025 QIP (₹15,749.66 million net proceeds): Fully utilized for debt repayment (₹8,412.61 million), working capital (₹2,000 million), inorganic growth (₹1,600 million), and general corporate purpose (₹3,737.05 million)
Exceptional Items: FY26 included impact of implementation of the Revised Labour Code (₹25.54 million standalone, ₹25.76 million consolidated)
Entities in Consolidation: Includes 20 subsidiaries and 1 associate (Mixx Technologies, Inc.)