Kaynes Technology India (KAYNES) investor relations material

Executive summary

• Reported consolidated revenue of ₹6,735 million for Q1 FY26, a 34% year-over-year increase, with PAT at ₹746 million, up 47% year-over-year, and a robust order book of ₹74,011 million.

• Operational EBITDA grew 69% year-over-year to ₹1,130 million, with margin expansion of 350 basis points to 16.8%.

• Board approved unaudited standalone and consolidated financial results for Q1 FY26, and major capital was raised via two QIPs for expansion and strategic investments.

• Maintained a diversified business profile across automotive, industrial, aerospace, medical, railways, and IoT/IT verticals, with global expansion and new subsidiaries incorporated.

• Strong performance across all business verticals, with notable growth in electric vehicles, aerospace, industrial, and rail sectors.

Financial highlights

• EBITDA margin for Q1 FY26 stood at 16.8%, with PAT margin at 11.1%, and net worth rose to ₹45,028 million.

• Net working capital days increased to 132, with inventory days at 113–115 and receivables rising due to sales profile and acquisitions.

• Net debt increased to ₹9,905 million, with net debt to equity stable at 0.2.

• Standalone and consolidated revenue and net profit both grew significantly year-over-year.

• Basic EPS (consolidated) for Q1 FY26: ₹11.63, up from ₹7.93 in Q1 FY25.

Outlook and guidance

• FY26 revenue guidance maintained at INR 4,500 crores, with EBITDA margin expected to remain at or above Q1 levels.

• Positive and significantly improved operating cash flow projected for FY26.

• Working capital days targeted to reduce to around 70 by year-end, excluding extraordinary items.

• Positioned to capitalize on industry tailwinds and ongoing expansion in the US, Canada, and SE Asia.

• Continued focus on expansion, capital expenditure, and strategic investments.