Kaynes Technology reported strong fourth-quarter earnings, driven by sharp growth in revenue and continued momentum in electronics manufacturing services demand. The Mysuru-based electronics system design and manufacturing company posted consolidated net profit of Rs 91 crore for Q4, compared with Rs 116 crore in the corresponding quarter last year, registering a decline of 22%.
Revenue from operations during the March quarter rose 26% YoY to Rs 1,243 crore from Rs 984 crore reported a year ago. Total income for the quarter increased 28% to Rs 1,284 crore compared with Rs 1,005 crore in Q4 FY25.
Profit before tax stood at Rs 140 crore during the quarter against Rs 142 crore in the year-ago period, reflecting a marginal decline of 1%. The company's quarterly profitability was impacted by a sharp rise in operating expenses as it continued capacity expansion and scaled execution across segments.
Total expenses during Q4 rose 33% YoY to Rs 1,144 crore from Rs 863 crore in the corresponding quarter last year. Cost of materials consumed increased 44% to Rs 921 crore from Rs 638 crore a year ago, reflecting higher production activity and execution scale.
Employee benefit expenses nearly doubled during the quarter, rising 95% YoY to Rs 91 crore from Rs 46 crore. Finance costs also more than doubled to Rs 41 crore compared with Rs 20 crore in Q4 FY25, while depreciation and amortisation expenses jumped 178% to Rs 54 crore from Rs 20 crore. Other expenses increased 8% YoY to Rs 109.66 crore.
For the full financial year FY26, Kaynes Technology reported consolidated net profit of Rs 364 crore, up 24% from Rs 293 crore in FY25.
Annual revenue from operations climbed 33% to Rs 3,626 crore compared with Rs 2,722 crore in the previous financial year. Profit before tax for FY26 rose 36% YoY to Rs 504 crore from Rs 372 crore in FY25.
Kaynes Technology has emerged as one of India’s major electronics manufacturing and embedded design players, benefiting from increasing localisation, government manufacturing incentives and rising outsourcing demand across sectors including automotive, aerospace, industrial electronics, railways and defence.
