Kaynes Technology Shares Plunge 19% Amid Disappointing Q4 Results Kaynes Technology India Limited’s shares experienced a sharp decline, falling as much as 19.44% to a three-month low of ₹3,366.10 on the National Stock Exchange (NSE) on May 14, 2026, following the release of its fourth-quarter (Q4) financial results for the fiscal year 2025-26 (FY26). The stock rebounded slightly later in the day, trading 18.45% higher at ₹3,407.60, but had still lost 22% in the past week and 12% over the month. The company’s market capitalization stood at ₹22,835.35 crore as of May 14, 2026. The poor performance of Kaynes Technology’s shares came after the company reported a 21.5% year-on-year (YoY) decline in consolidated net profit to ₹91.2 crore for Q4 FY26, compared to ₹116.2 crore in the same period of the previous fiscal year (Q4 FY25). Despite this, revenue from operations surged 26.2% YoY to ₹1,242.64 crore, up from ₹984.48 crore in Q4 FY25. The company’s EBITDA (earnings before interest, tax, depreciation, and amortization) rose 15.4% YoY to ₹1,937 crore, but its EBITDA margin contracted by 150 basis points (bps) to 15.6%, down from 17.1% in Q4 FY25. Net working capital days, a measure of how quickly a company can convert current assets into cash, increased to 125 days in FY26 from 87 days in FY25. This metric, along with other financial indicators, raised concerns among investors and analysts. In a statement, Ramesh Kunhikannan, Executive Vice Chairman and Promoter of Kaynes Technology India Limited, highlighted the company’s achievements, including a 33% YoY growth in revenue to ₹3,626.4 crore during FY26. He noted that the firm’s order book stood at over ₹8,000 crore, signaling strong future revenue visibility.#national_stock_exchange #clsa #jpmorgan #kaynes_technology_india_limited #ramesh_kunhikannan
