Kaynes Technology India Limited — Investor Meet, 21-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Kaynes Technology India reported FY ’25 consolidated revenue of INR2,721.8 Cr (+51% YoY) with EBITDA of INR410.7 Cr at 15.1% margin and PAT margin of 10.8%. Q4 revenue grew 54% YoY to INR984.5 Cr. The order book surged to INR6,596.9 Cr (+60% YoY), driven by aerospace, industrial, automotive, and smart meters. Management targets 60%+ revenue growth and 50+ bps margin expansion for FY ’26, backed by strong order inflows, 15% export growth, and rising ODM share (~18%). Capex focused on semiconductor (INR3,400 Cr) and PCB (INR1,400 Cr) projects, supported by government subsidies. New OSAT and HDI PCB plants to start revenue contribution late FY ’26. Acquisition of Canadian EMS firm broadens market and customer base. Outlook is confident with a focus on tech expansion, global diversification, and scaling high-margin verticals.