Home / Business and Economy / Kaynes Tech Profit Dives 24% Despite Revenue Surge
Kaynes Tech Profit Dives 24% Despite Revenue Surge
10 Aug
Summary
- Consolidated net profit declined 24.37% to Rs 56.43 crore in Q1 FY27.
- Revenue from operations surged 40.47% year-on-year to Rs 946.02 crore.
- Order book grew 20.3% to Rs 8,903.8 crore as of June 30, 2026.
Kaynes Technology India experienced a notable decrease in its consolidated net profit for the first quarter of fiscal year 2027. The company reported a 24.37% decline, with net profit falling to Rs 56.43 crore compared to Rs 74.61 crore in the same period of fiscal year 2026.
However, this downturn in profitability occurred amidst strong revenue growth. Revenue from operations saw a substantial increase of 40.47% year-on-year, reaching Rs 946.02 crore for the quarter ending June 30, 2026. Profit before tax also saw a slight decrease of 8.54% year-on-year.
Despite the profit dip, operational metrics show resilience. EBITDA increased by 31% year-on-year to Rs 147.6 crore in Q1 FY27. The company's order book remained strong, growing 20.3% year-on-year to Rs 8,903.8 crore as of June 30, 2026, providing significant revenue visibility.
Kaynes Technology operates as an end-to-end, IoT-enabled integrated electronics manufacturer within the Electronics System and Design Manufacturing (ESDM) sector.
