Earnings Call Transcript for Q1 of FY 27

August 12, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14th floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 S crip Code – 543664 S crip Symbol – KAYNES Dear Sir/Madam, Subject: Intimation of Earnings call transcript of Q1 FY2026-27 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the link for the transcript of Earnings Call for Q1 FY2026-27, conducted on Saturday August 08, 2026 and uploaded on the Company’s website. Particulars Website link Transcript EarningsCallTranscript8Aug26.pdf Kindly take the above information on record and acknowledge it. Thanking You, Yours faithfully, For Kaynes Technology India Limited Sudhasri Addepalli Company Secretary & Compliance Officer ICSI Membership No. ACS 79832 Enclosed: • Transcript of the Earnings Call KAYNES TECHNOLOGY INDIA LIMITED CIN: L29128KA2008PLC045825 Website: www.kaynestechnology.co.in Email ID: kaynestechcs@kaynestechnology.net H.O & Regd Office: 23-25, Belagola, Food Industrial Estate Metagalli PO, Mysore 570016, Karnataka, India Telephone No: +91 8212582595 “Kaynes Technology India Limited Q1 FY27 Earnings Conference Call” August 08, 2026 MANAGEMENT: MRS. SAVITHA RAMESH – CHAIRPERSON – KAYNES TECHNOLOGY INDIA LIMITED MR. RAMESH KUNHIKANNAN – EXECUTIVE VICE CHAIRMAN – KAYNES TECHNOLOGY INDIA LIMITED DR. MUTHUKUMAR NARAYANASWAMY – MANAGING DIRECTOR – KAYNES TECHNOLOGY INDIA LIMITED MR. JAIRAM P SAMPATH – WHOLE-TIME DIRECTOR AND CHIEF FINANCIAL OFFICER – KAYNES TECHNOLOGY INDIA LIMITED MR. SUMIT VERMA – INVESTOR RELATIONSHIP – KAYNES TECHNOLOGY INDIA LIMITED MUFG IR – INVESTOR RELATIONSHIP PARTNERS – KAYNES TECHNOLOGY INDIA LIMITED MODERATOR: MR. NIKHIL KANDOI – AXIS CAPITAL LIMITED Page 1 of 19 Kaynes Technology India Limited August 08, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Kaynes Technology India Limited Q1 FY27 Earnings Conference Call hosted by Axis Capital Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Nikhil Kandoi from Axis Capital. Thank you, and over to you, sir. Nikhil Kandoi: Thank you, Neerav. Good morning, everyone. On behalf of Axis Capital, I welcome you all to the Q1 FY27 earnings con-call of Kaynes Technology India Limited. Today, we have with us management represented by Mrs. Savitha Ramesh, Chairperson, Mr. Ramesh Kunhikannan, Executive Vice Chairman, Dr. Muthukumar Narayanaswamy, Managing Director, and Mr. Jairam P Sampath, Whole-Time Director and Chief Financial Officer. Now, I'll hand over the floor to the management for the opening remarks, post which we'll open the floor for Q&A. Thank you, and over to you, sir. Ramesh Kunhikannan: Good morning, Nikhil. Thank you, Nikhil. Good morning to everyone, and thank you for joining us. On behalf of Kaynes Technology team, I would like to welcome all of you to our Q1 FY27 earnings call. Joining me today are Mrs. Savitha Ramesh, Chairperson of our Board; our Managing Director, Dr. Muthukumar Narayanaswamy; Mr. Jairam P Sampath, Whole-time Director and CFO; Mr. Sumit Verma from our Investor Relationships; and MUFG IR, our Investor Relation Partners. Let me begin with a brief overview of our financial performance for Q1 FY27. Our total revenue stood at INR946 crores, reflecting an year-on-year growth of 40%, which is largely driven by EMS business. EBITDA for the quarter was INR147.6 crores, translating into an EBITDA margin of 15.6% and 31% year-on-year growth. We have a robust order book of around INR9,000 crores. Before I go further into the numbers, I want to spend a few minutes on something more important than any single quarter's performance, and that is the confidence you have placed in Kaynes and our responsibility to earn it back quarter-after-quarter through consistent delivery. Over the past quarters, our entire leadership team across strategy, finance, operations, and investor relations has worked with one shared priority, demonstrating our progress to investors, customers and partners through visible, measurable delivery rather than commentary. That focus comes directly from listening close to you. Page 2 of 19 Kaynes Technology India Limited August 08, 2026 Following our Quarter 4 and full year FY26, several of you raised fair and direct questions on the gap between our stated aspiration and delivered performance, on the pace of our working capital normalization, and on the clarity of our communication. We took that feedback seriously, and it has shaped exactly how we have operated this quarter. Our two strategic growth engines, Kaynes Semicon and Kaynes Circuit, remain a key management focus. Like the rest of the industry, we saw some disruption this quarter from the escalation in the West Asia affecting equipment imports and component logistics globally, not specific to Kaynes. This led to minor timing slippage in our OSAT and PCB ramp-up schedule. We have responded with the same playbook that served us through past disruptions: diversifying logistics routes, building strategic inventory on critical components, and working closely with equipment vendors on alternate schedules. Both Kaynes Semicon Unit 2 and Kaynes Circuit Chennai remain on the track to be operational by quarter 3 FY27, and we will continue to update you transparently on our progress every quarter. Dr. Muthukumar will take you deeper into the business, our core EMS performance, and other businesses. He will also cover the new customer wins and recognitions this quarter, our leadership and sustainability initiatives, August Electronics integration and overseas expansion, progress on OSAT and PCB, including a new international partnership and a marquee automotive opportunity, and our entry into space technology. He will close, as I will too, on why balance sheet strength is non-negotiable as we scale. Moving fast in a more competitive world. Before I hand over, I want to spend a moment on something that sits above any single business line, that is speed. The world we operate in -- electronics, semiconductors and EVs, space technology, is moving faster than it has ever, and the competitive set we are up against in India and globally is moving with it. Being right is no longer enough on its own; we have to be right and fast. That means shortening the distance between a strategic decision and its execution on the ground, and it means building the muscle across engineering, supply chain, and program management to execute with precision even as we move at pace. This is a discipline we are actively building into how Kaynes operates, not just something we aspire to. The domains where scaling into semiconductor packaging, PCB manufacturing, space technology aren't just important to Kaynes. They have foundational to India's ambition in electronics and deep tech manufacturing, and being part of building that capability is something we take seriously. That said, work this new comes a learning curve, and we won't pretend otherwise. What we can commit to is this, that we are learning quickly, converting those learnings into better execution the next time, and building the governance to make sure lessons learned in one part of the business don't have to be relearned in another. That combination moving fast, executing with precision, and learning faster than the curve demands is the standard we holding ourselves to. Page 3 of 19 Kaynes Technology India Limited August 08, 2026 With that, I would like to hand over the call to Dr. Muthukumar, our Managing Director, who will take you through our op [Showing first 8,000 characters — download PDF for full document]