Kaynes posts 11% sequential revenue drop on delayed railway order, cuts FY26 target
NEW DELHI: Electronics manufacturer Kaynes Technology on Friday reported an 11% sequential decline in December quarter (Q3FY26) revenue, at a time when its closest competitor, Syrma SGS grew at a steady pace.
In a post-earnings call, Kaynes’s top management attributed the quarterly revenue dip to a one-time hit from delayed execution of Kavach, a suite of sensors and electronic safety equipment for Indian Railways.
