Kaynes Technology Q2 Profit Crashes 62% To ₹45 Crore, Rising Costs Hit Margins Despite Revenue Growth
Mumbai: Kaynes Technology reported a sharp 62% year-on-year decline in consolidated net profit to ₹45.4 crore for the second quarter ended September 30, 2026, as rising finance costs and employee expenses weighed heavily on profitability. The electronics manufacturing services company’s revenue from operations increased 4% to ₹952.5 crore during Q2 FY27, compared with the corresponding quarter of…
Mumbai-based Kaynes Technology saw its second quarter net profit plunge 62% to ₹45.4 crore, despite revenue growth, as expenses mounted. Rising finance costs and employee benefits drove the decline. Revenue from operations rose 4% to ₹952.5 crore, while EBITDA fell 15.7% year-on-year to ₹126.5 crore, and EBITDA margin contracted to 13.28%.
The company plans a joint venture with Toyokawa Techno Pvt. Ltd. to enhance electronics manufacturing capabilities, with Kaynes holding 90% equity. Investors will monitor margin recovery and cost management closely.
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