India Kaynes Technology falls as Q3 profit misses estimates

Kaynes Technology India

06/02/2026 04:17

** Shares of India's Kaynes Technology KAYN.NS fall 3.04% to 3521.70 rupees

** Integrated electronics manufacturer posted a profit of 766.42 million rupees ($8.50 million) that missed analyst estimates of 1.12 billion rupees -- data compiled by LSEG

** ICICI Securities says while profit grew 15% y/y, it missed estimates driven by muted growth and lack of traction in the co's industrial segment

** JP Morgan says Kaynes' Q3 profit disappointed due to weaker margins and an unfavourable mix, despite strong year-on-year revenue growth

** Stock rated "buy" on avg by 22 analysts, median PT: 5911 rupees - data compiled by LSEG

** KAYN was down ~46% in 2025, stock down about 10% so far in 2026

($1 = 90.1875 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))