Kaynes Technology India Limited — Investor Meet, 12-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Kaynes Technology reported strong nine-month FY26 results: Revenue at 2,383.7 Cr (+37% YoY), Operational EBITDA at 377.8 Cr (+55% YoY) with 15.9% margin, and PAT at 272.6 Cr. The order book stands robust at 9,000 Cr.

Management views Q3 as a consolidation phase, with the semiconductor OSAT facility operational and FSA approval secured. The new HDI PCB facility at Chennai offers strategic backward integration, targeting 1,500 Cr PCB revenue and 13,500 Cr EMS revenue from existing customers. Despite some order deferrals, including a 300 Cr railway Kavach order for design revision, the company maintains its $1 billion revenue target for FY28. Efforts are underway to improve working capital, targeting 70-85 days by March '26, and achieve positive consolidated operating cash flow by year-end. The outlook remains confident on long-term growth and strategic initiatives.