Kaynes Technology India Limited — Investor Meet, 12-12-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Kaynes Technology clarified recent accounting observations, attributing them to reporting errors, not governance issues, and is strengthening internal controls. Key corrections: H2 FY25 smart metering net margin was 9% (not 28%); H1 FY25 loss from lower revenue, fixed costs, and inventory write-offs (INR 44 Cr). Acquisition details for Iskraemeco (INR 115 Cr intangible assets) were explained.

The company's long-term growth is robust, driven by diverse EMS segments: auto, industrial, EV, railways (Kavach program), and aerospace. OSAT is progressing, with samples shipped to three clients for FY27 ramp-up. Smart metering is shifting to device manufacturing. Management expresses confidence in strategy and execution.