Kaynes Tech Share Price Tumbles Over 19% – Here’s Why

Shares of Kaynes Technology India plunged more than 19% in intraday trade on Thursday, 14 May, after the company reported a sharp decline in its March quarter earnings and missed its FY26 revenue guidance.

The stock opened at ₹3,760.10 against the previous close of ₹4,177.85 and tumbled as much as 19.4% to an intraday low of ₹3,366. The sharp sell-off came after weak Q4FY26 results, margin pressure, and brokerage downgrades triggered heavy investor selling.

Kaynes Technology Q4FY26 Profit Falls 21.5% YoY

After market hours on 13 May, Kaynes Technology reported a consolidated net profit of ₹91.22 crore for Q4FY26, down 21.5% YoY from ₹116.20 crore reported in the corresponding quarter last year.

Despite the decline in profit, revenue from operations rose 26.2% YoY to ₹1,242.64 crore compared to ₹984.5 crore in Q4FY25.

EBITDA for the quarter increased 15.4% YoY to ₹193.7 crore from ₹167.9 crore a year ago. However, EBITDA margin contracted sharply by 150 basis points to 15.6% from 17.1%.

PAT margin also witnessed significant pressure, falling 450 basis points to 7.3% from 11.8% in the year-ago quarter.

Kaynes Technology FY26 Performance Remains Strong

For the full financial year FY26, Kaynes Technology reported revenue of ₹3,626.4 crore, registering 33.2% YoY growth compared to ₹2,721.8 crore in FY25.

Annual EBITDA rose 39.8% YoY to ₹574.1 crore from ₹410.7 crore. EBITDA margin improved to 15.8% versus 15.1% in FY25.

Net profit for FY26 stood at ₹363.9 crore, up 24% YoY from ₹293.4 crore in the previous financial year. However, PAT margin declined to 10% from 10.8%.

Kaynes Technology Revenue Guidance Miss Weighs on Sentiment

Investor sentiment weakened further after the company failed to meet its own FY26 revenue guidance.

Kaynes Technology had initially guided for FY26 revenue of ₹4,500 crore, which was later revised downward to ₹4,100 crore. To meet the revised target, the company needed nearly ₹1,700 crore revenue in Q4FY26. However, the company reported quarterly revenue of only around ₹1,242 crore, significantly below expectations.

The miss in revenue guidance and weaker cash flow expectations added to concerns over execution and near-term growth visibility.

Kaynes Technology Highlights Expansion Plans

Kaynes Technology Executive Vice Chairman and Promoter Ramesh Kunhikannan said the company achieved ₹3,626.4 crore revenue in FY26 despite difficult market conditions and maintained strong long-term demand visibility.

He highlighted that the company’s order book stood at more than ₹8,000 crore as of FY26, providing strong future revenue visibility.

During the quarter, the company inaugurated its OSAT facility in Sanand, Gujarat, in the presence of Narendra Modi, Bhupendrabhai Patel and Ashwini Vaishnaw.

The company said its OSAT unit commenced commercial operations within 14 months of groundbreaking, while the HDI PCB manufacturing facility is nearing operational readiness.

Kaynes Technology also strengthened its board with the appointment of Padma Shri awardee M. Annadurai and Rajesh Mittal as Independent Directors.

Kaynes Tech Share Price Performance

Kaynes Technology shares have fallen nearly 3% year-to-date, compared to an 8% decline in the benchmark BSE Sensex.

Over the last one year, the stock has declined around 11%, with Thursday’s sharp correction adding significant pressure on investor sentiment.