- Kaynes Technology India reported a 24.4% drop in net profit for Q1 FY27
- Net profit declined to Rs 56.4 crore from Rs 74.6 crore year-on-year
- Revenue rose 40.5% to Rs 946 crore in the April-June quarter
Kaynes Technology India Limited declared first quarter results for fiscal 2027 on Friday, August 7, reporting a 24.4% drop in net profit. The electronics manufacturing services firm's bottomline stood at Rs 56.4 crore compared to Rs 74.6 crore in the corresponding period last year.
Revenue surged 40.5% to Rs 946 crore in the April to June quarter from Rs 673.5 crore in the same quarter previous year. In terms of operations, Ebitda rose 29.5% to Rs 147 crore in the quarter under review from Rs 113. 5 crore in Q1FY26. Ebitda margin, however contracted to 15.5% year-on-year from 16.9%.
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Notably, the firm's other income dropped to Rs 14.4 crore for the quarter ended on June 30 from Rs 27.1 crore in the first quarter of previous fiscal.
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