The management of Kaynes Technologies Ltd. has struck a defiant tone in the company's post-earnings conference call, with the EMS giant pushing back against growing investor concern over its guidance miss and cash flow deterioration. The management clarified that no orders have been cancelled and the company remains confident of outgrowing the market in FY27.
Executive Vice Chairman Ramesh Kannan did acknowledge that Kaynes Tech's Q4 result was not up to the market expectations, notably blaming geopolitics for the slowdown.
"This quarter and full year were a time of consolidation as we focused on execution. Near-term topline performance did not meet market expectations due to geopolitical disruption," he said.
As far as orders are concerned, Kannan clarified that Kaynes Tech has yet to face any cancellation of orders, but its delay has played a key role in the company missing the FY26 revenue guidance.
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"We got no indication from the customer. The order got delayed, but it is not denied. Co has not seen any cancellations of orders," he said. He added that the guidance revision in Q3 was based on the order book at the time and reflected reality as it stood then.
Kaynes Tech also talked about the management restructuring, especially against the backdrop of former CEO Rajesh Sharma leaving the company in September 2025, citing his desire to return to Bengaluru and away from the company's headquarters in Mysuru.
"There has been top management restructuring. Changes in management to sharpen accountability and architect next phase of growth," said Kannan.
As far as the road ahead is concerned, Kaynes Tech believes FY27 will be their year as the company looks to double down on key segments.
"Near-term volatility will not define the long-term of the company. Focus remains clear in improving execution in EMS, ramping up PCB and OSAT. We recognise that credibility is built through continuity of execution. We will be outgrowing the market in terms of growth in FY27," he concluded.
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