Kaynes Technology Q2 Profit Falls About 62% to Rs 45.4 Crore
Kaynes Technology's consolidated revenue rose about 4% to Rs 952.5 crore, and its board approved a TFT module joint venture with Toyokawa Techno.
Key Takeaways
- Kaynes Technology's consolidated Q2 FY27 net profit attributable to shareholders fell about 62% to Rs 45.4 crore.
- Consolidated revenue from operations rose about 4% to Rs 952.5 crore.
- The board approved a TFT display module joint venture with Toyokawa Techno, with Kaynes holding 90%.
- The board also approved the voluntary strike-off of Kaynes Embedded Systems, a Kaynes subsidiary.
- On November 12, 2026, Kaynes signed a binding term sheet under which Vishay Intertechnology would invest $56.4 million for 49% of a Kaynes subsidiary.
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Kaynes Technology India reported a consolidated net profit attributable to its shareholders of Rs 45.4 crore for the July to September 2026 quarter (Q2 FY27), down about 62% from the same quarter a year earlier. Its consolidated revenue from operations rose about 4% to Rs 952.5 crore.
The board approved the results at a meeting on November 14, 2026. At the same meeting, it approved a joint venture agreement with Toyokawa Techno Private Limited to make Thin-Film Transistor (TFT) display modules in India, with Kaynes holding 90% and Toyokawa 10%. The board also approved the voluntary strike-off of Kaynes Embedded Systems Private Limited, a Kaynes subsidiary.
Kaynes Technology Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Quarter | July to September 2026 (Q2 FY27) |
| Consolidated revenue from operations | Rs 952.5 crore, up about 4% year on year |
| Consolidated net profit (shareholders' share) | Rs 45.4 crore, down about 62% year on year |
| New joint venture partner | Toyokawa Techno Private Limited (Kaynes 90%, Toyokawa 10%) |
| Board meeting | November 14, 2026 |
Kaynes Technology restated its year-ago numbers
The consolidated numbers cover Kaynes and its subsidiaries. The company also restated its figures for earlier periods, including the July to September 2025 quarter, to correct prior period errors it had identified, and the year-ago comparisons above use the restated numbers.
Kaynes and Toyokawa will make TFT display modules together
The joint venture will manufacture, assemble, test and supply TFT display modules in India. Kaynes will hold 90% of the new company and Toyokawa 10%.
Kaynes Technology's joint ventures and results this week
| When | What happened |
|---|---|
| November 12, 2026 | Kaynes signed a binding term sheet with US company Vishay Intertechnology, under which Vishay would invest $56.4 million for a 49% stake in an existing Kaynes subsidiary for back-end chip work, and Kaynes would keep 51% |
| November 14, 2026 | The board approved the Q2 FY27 results, the joint venture with Toyokawa Techno and the strike-off of Kaynes Embedded Systems |
Kaynes Embedded Systems is not operating. Kaynes Technology is an electronics system design and manufacturing (ESDM) company.
Where Kaynes Technology stands after Q2 FY27
Kaynes Technology's consolidated revenue rose about 4% to Rs 952.5 crore in Q2 FY27, while its net profit attributable to shareholders fell about 62% to Rs 45.4 crore. In the same week, it approved a 90:10 TFT module joint venture with Toyokawa Techno and signed a binding term sheet under which Vishay Intertechnology would take 49% of a Kaynes subsidiary.
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