Earnings Miss: Kaynes Technology India Limited Missed EPS By 28% And Analysts Are Revising Their Forecasts

Kaynes Technology India Limited (NSE:KAYNES) just released its latest third-quarter report and things are not looking great. Unfortunately, Kaynes Technology India delivered a serious earnings miss. Revenues of ₹6.6b were 17% below expectations, and statutory earnings per share of ₹10.28 missed estimates by 28%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Check out our latest analysis for Kaynes Technology India

After the latest results, the 19 analysts covering Kaynes Technology India are now predicting revenues of ₹42.7b in 2026. If met, this would reflect a substantial 80% improvement in revenue compared to the last 12 months. Per-share earnings are expected to shoot up 61% to ₹64.98. In the lead-up to this report, the analysts had been modelling revenues of ₹44.4b and earnings per share (EPS) of ₹70.46 in 2026. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a small dip in earnings per share estimates.

The consensus price target fell 6.3% to ₹5,496, with the weaker earnings outlook clearly leading valuation estimates. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Kaynes Technology India, with the most bullish analyst valuing it at ₹6,633 and the most bearish at ₹3,660 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that Kaynes Technology India's rate of growth is expected to accelerate meaningfully, with the forecast 60% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 33% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 26% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Kaynes Technology India to grow faster than the wider industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Kaynes Technology India. They also downgraded Kaynes Technology India's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Kaynes Technology India's future valuation.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Kaynes Technology India going out to 2027, and you can see them free on our platform here..

Before you take the next step you should know about the 1 warning sign for Kaynes Technology India that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.