India · Delayed Price · Currency is INR Kaynes Technology India Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 37% YoY to INR 23,837 million with EBITDA margin at 15.9% and PAT margin at 11.4%. The order book is robust at INR 90,000 million, and management maintains a $1 billion FY28 revenue target, supported by new OSAT and PCB projects and strong EMS growth.
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Q2 FY2026 saw 58% revenue growth and 80% EBITDA growth year-over-year, with strong order inflow and margin expansion. The company is advancing in semiconductor and PCB manufacturing, maintaining its $1B FY2028 revenue target, and expects improved cash flow and working capital by year-end.
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Q1 FY 2026 saw 34% revenue growth and 69% EBITDA growth year-over-year, with margin expansion and a robust order book. Guidance for FY 2026 is maintained, with positive cash flow and improved working capital expected. Strategic acquisitions and capacity expansions are on track.
Fiscal Year 2025
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Revenue grew 51% year-over-year to INR 27,218 million, with EBITDA margin at 15.1% and PAT margin at 10.8%. Order book surged to INR 65,969 million, driven by aerospace, industrial, and automotive segments, and strong growth is projected for FY 2026.
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Revenue grew 49% year-over-year for the first three quarters, with Q3 EBITDA margin at 14.2% and PAT margin at 10.1%. Order book surged to INR 60,471 million, and annual revenue growth is expected to exceed 55%. Margin guidance remains strong, with robust expansion in key verticals.