Kaynes Technology announced its Q2 FY26 results, reporting a 58% year-on-year increase in revenue, reaching INR9,062 million. The company’s operational EBITDA grew by 80% to INR1,480 million, with EBITDA margin expanding to 16.3%. Kaynes delivered India’s first commercially manufactured multichip module in collaboration with Alpha & Omega Semiconductor and Mitsui & Company, marking a key milestone in its semiconductor ambitions. The company anticipates significant growth in aerospace, defense, and railway sectors.
Financial Highlights for Q2 FY26
Kaynes Technology reported robust financial performance for Q2 FY26, demonstrating substantial growth across key metrics:
- Revenue: Increased by 58% year-on-year to INR9,062 million.
- Operational EBITDA: Grew by 80% to INR1,480 million.
- EBITDA Margin: Expanded by 190 basis points to 16.3%.
- Profit After Tax (PAT): Stood at INR1,214 million, representing a PAT margin of 13.4%.
The company’s order book for Q2 FY26 reached INR80,994 million, compared to INR54,228 million in Q2 of FY25.
H1 FY26 Performance Overview
Kaynes Technology also showcased strong performance for the first half of FY26:
- Total Revenue: Reached INR15,797 million, a 47% year-on-year growth.
- Operating EBITDA: Increased to INR2,610 million, a 75% increase year-on-year.
- EBITDA Margin: Expanded by 270 basis points to 16.5%.
- Profit After Tax: Reached INR1,960 million, with a PAT margin of 12.4%.
Semiconductor Achievement
A significant achievement this quarter was the successful delivery of India’s first commercially manufactured multichip module, IPM5, at the Sanand OSAT facility. This collaboration with Alpha & Omega Semiconductor and Mitsui & Company marks a pivotal moment for Kaynes Semicon and India’s semiconductor industry.
Strategic Collaborations and Expansions
Kaynes Technology is actively pursuing strategic collaborations to strengthen its market position:
- Entry into MEMS-based true wireless stereo packaging through collaboration with Infineon.
- Approval from the government for advanced PCB manufacturing projects, including a multilayer HDI PCB facility in Chennai.
Focus on Key Sectors
The company is poised for growth across multiple sectors:
- PCB Market: Expected to cross USD100 billion by 2030, with India’s domestic market growing at a 20% CAGR.
- Aerospace, Defense, and Railway Sectors: Anticipates significant business increases, particularly with the Kavach program.
Source: BSE
