Kaynes Tech Q3 Results: Topline may miss projections; FY26 guidance in focus

Shares of Kaynes Technology (India) Ltd. are trading with losses of around 4% on Thursday, February 5, ahead of its third quarter results announcement later in the day.

A CNBC-TV18 poll expects the company's revenue to grow by 50% during the quarter to ₹990 crore from ₹661 crore last year, led primarily by the automotive and industrial segment.

However, if this number is reported, it will be lower than the guidance of ₹1,300 crore that the company had projected for during the quarter.

Kaynes' Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) may rise 67% on a year-on-year basis to ₹157 crore from 94 crore last year.

EBITDA margin for the quarter may expand by 160 basis points from the same quarter last year to 15.8% from 14.2%. Margins may decline on a sequential basis, due to the steep discounts given by Chinese component manufacturers due to the decline in US tariffs.

Net profit for the quarter is seen 62% higher from last year at ₹108 crore.

A key factor to watch during the quarter will be the cash flow generation during the quarter, given that Kaynes had generated negative cash flow from operations in financial year 2025.

JPMorgan expects the company's financial year 2026 revenue guidance to be cut down to ₹4,000 crore from ₹4,400 crore, while margin guidance may be maintained at 16%.

Kaynes Tech shares are trading 3.8% lower on Thursday ahead of the results announcement at ₹3,633. The stock has snapped a two-day winning streak, during which it had gained nearly 10%. The stock is down along with its other EMS player, Dixon Tech, after Qualcomm's disappointing results and guidance overnight.