{
  "id": 20150550,
  "title": "Kaynes Technology Q2 Profit Crashes 62% To ₹45 Crore, Rising Costs Hit Margins Despite Revenue Growth",
  "url": "https://urgent.news/2026/11/15/kaynes-technology-q2-profit-crashes-62-to-45-crore-rising-costs-hit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-15T08:58:45.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/kaynes-technology-q2-profit-crashes-62-to-45-crore-rising-costs-hit-margins-despite-revenue-growth"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}