Revenue for the quarter stood at ₹804 crore, a growth of 21% from last year. The numbers were well below a CNBC-TV18 poll which expected company’s revenue to grow by 50% during the quarter to ₹990 crore.
The topline number is also well below the guidance of ₹1,300 crore that the company had projected for during the quarter.
Kaynes’ Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose by 27.1% to ₹119 crore, while the street had projected this number to grow by 67% from last year to ₹157 crore.
EBITDA margin for the quarter expanded only by 60 basis points to 14.8%, well below expectations of a 160 basis points expansion in margins to 15.8%. Margins also declined on a sequential basis, due to the steep discounts given by Chinese component manufacturers due to the decline in US tariffs.
Net profit for the quarter grew by 15% to ₹76 crore from ₹66 crore last year. A CNBC-TV18 poll had projected the figure to be ₹108 crore.
The company has cut its financial year 2026 revenue guidance to ₹4,100 crore from ₹4,400 crore earlier. JPMorgan had projected that cut to be ₹4,000 crore. EBITDA margin guidance has been maintained.
Shares of Kaynes Tech are off opening lows, currently trading 2.8% higher at ₹3,159. The stock had already declined nearly 5% on Thursday before the results announcement, snapping a two-day winning streak, during which it had gained nearly 10%.
First Published: Feb 5, 2026 12:52 PM IST
