Kaynes Technology India Limited reported its consolidated profit fell 62 per cent for the September quarter. While revenue from operations increased 4.4% to Rs 952.52 crore, higher expenses impacted the bottom line. The company also announced a new joint venture with Toyokawa Techno Private Limited to manufacture display modules in India.
Kaynes Technology India Limited on Saturday reported its consolidated profit fell 62 per cent for the September quarter (Q2 FY27). It stood at Rs 45 crore, compared to Rs 115.71 crore a year ago.
However, revenue from operations increased 4.4% YoY to Rs 952.52 crore in Q2 FY27, compared with Rs 912.13 crore in Q2 FY26.
The electronics manufacturing services company announced its financial results on November 14, 2026, following a board meeting.
Shares of Kaynes Technology India will remain in focus on Monday. On a year-to-date basis, shares of Kaynes Technology India have remained in pressure, falling 13 cent in 2026. The previous session close price remained at Rs 3,430 per share, almost half from the 52-week high of Rs 6,497 per share.
Kaynes Technology Q2 Results: Revenue and profit
Kaynes Technology's consolidated total income increased to Rs 971.13 crore during the September quarter, against Rs 946.21 crore in the corresponding period last year.
However, the company's expenses increased during the quarter. Total expenses stood at Rs 900.40 crore, compared with Rs 795.47 crore in Q2 FY26.
Consequently, profit before tax (PBT) declined 56.3% to Rs 64.73 crore from Rs 148.12 crore a year ago.
The company's earnings per share (EPS) also came under pressure. Consolidated basic EPS declined to Rs 6.76 in Q2 FY27 from Rs 17.64 in the corresponding quarter last year.
Kaynes Technology Standalone Results
Revenue from operations increased 44.4% year-on-year to Rs 667.27 crore, compared with Rs 462.19 crore in Q2 FY26.
Profit before tax increased to Rs 127.02 crore from Rs 40.56 crore in the corresponding period last year.
Total income on a standalone basis stood at Rs 733.78 crore during the quarter, compared with Rs 515.21 crore a year ago.
The company's standalone basic EPS improved to Rs 14.45 from Rs 3.66 in the September quarter of the previous financial year.
Kaynes Technology approves joint venture for TFT modules
Alongside its quarterly results, Kaynes Technology's board approved a joint venture agreement with Toyokawa Techno Private Limited to establish a manufacturing venture in India.
The JV Company will be engaged in the business of manufacturing, assembling, testing, and supplying Thin-Film Transistor Display (TFT) Modules and FOG/COG
bonding, backlight assemblies, optical bonding, software, research and development, and automated manufacturing systems.
The JV company will be wholly owned subsidiary of the KTIL. The JV Company will be effectuated through the subscription of fresh equity shares of the JV Company by both the parties such that upon completion of the Proposed Transaction, their shareholding in the JV Company will be 90% with KTIL and 10% with Toyokawa.a
The board also approved a proposal for the voluntary strike-off of Kaynes Embedded Systems Private Limited, a subsidiary in which Kaynes Technology holds a 60% stake. The process will be subject to the completion of necessary statutory formalities.
The JV Agreement, inter alia, provides that:
i. The Board of the JV Company will consist of 5 Directors.
ii. The parties will have the right to appoint 2 Directors each on the Board of JV company and 1 Independent Director shall be mutually appointed by the parties.
iii. KTIL will provide operational, administrative and management support services to the JV company.
iv. Toyokawa will provide technical support services to the JV company.