Kaynes Technologies Sees 19% Share Price Drop Following 21% Year-Over-Year Decline in Q4 Profit, Downgraded by JPMorgan
Kaynes Technology Shares Crash 19% After Q4 Profit Falls 21%
Shares of Kaynes Technology crashed more than 19% in intraday trade on Thursday, 14 May, a day after the company reported a 21% year-on-year (YoY) fall in its March quarter (Q4FY26) profit. The company's share price opened at ₹3,760.10 against its previous close of ₹4,177.85 and crashed as much as 19.4% to an intraday low of ₹3,366.
Kaynes Technology India reported its Q4FY26 consolidated profit dropped 21.5% YoY to ₹91.22 crore. In the same quarter last year, its profit was ₹116.20 crore. Q4 revenue from operations at ₹1,242.64 crore, however, saw a 26.2% YoY rise. EBITDA at ₹193.7 crore rose by 15% YoY, but EBITDA margin dropped by 150 basis points YoY to 15.6% in Q4FY26. PAT margin dropped by 450 basis points to 7.3%.
According to the company's results, Kaynes Technology achieved revenues of ₹3,626.4 crore during the FY26, registering a growth of 33% YoY. The company's order book stood at upwards of ₹80,000 million as of FY26, providing strong revenue visibility for the future.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Several brokerage firms have tweaked their estimates for the stock after the Q4 results. JPMorgan has downgraded the stock to a "neutral" from an "overweight", trimming the target price to ₹4,000 from ₹6,000 earlier.
Kaynes Technology is an end-to-end and IoT solutions-enabled integrated electronics manufacturer in India. The company's share price trend has been bearish, with the stock down nearly 3% year-to-date compared to an 8% fall in the benchmark Sensex. Over the last year, the stock has shed 11%. Kaynes Tech shares hit a 52-week high of ₹7,705 on 7 October last year, after which, it hit a 52-week low of ₹3,295.65 on 27 January this year.
| Company | Q4FY26 Profit YoY Change | Q4FY26 Revenue YoY Change |
|---|---|---|
| Kaynes Technology | -21.5% | 26.2% |
| Same quarter last year | ₹116.20 crore | - |
| Company | Q4FY26 EBITDA YoY Change | Q4FY26 EBITDA Margin YoY Change |
|---|---|---|
| Kaynes Technology | 15% | -150 basis points |
| Same quarter last year | - | 15.6% |
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
| Company | FY26 Revenue Growth | Order Book Value |
|---|---|---|
| Kaynes Technology | 33% | ₹80,000 million |
| Company | 52-Week High | 52-Week Low |
|---|---|---|
| Kaynes Technology | ₹7,705 | ₹3,295.65 |
Investor Takeaway
Investors should be cautious about the decline in profit and consider the impact on the company's stock price.
More in Market
Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Indian Stocks to Watch: BHEL, Agarwal Industrial, JBM Auto, Rajesh Exports, Indian Energy Exchange, Lenskart Solutions in Market Focus on June 4.
