Vertical-level data from the quarter shows outsized growth in strategic segments. Aerospace, space and defence revenue jumped 181% year-on-year to ₹189 million, while the medical vertical posted an identical 181% increase to ₹189 million. Railways grew 42% to ₹1,020 million, and the industrial segment rose 35% to ₹2,140 million. The automotive vertical, still the largest contributor, grew 28% to ₹3,850 million.
The market reaction was immediate. The stock fell 1.92% to ₹3,822 on August 7, with technical indicators shifting from mildly bullish to mildly bearish on the daily timeframe. Weekly MACD remains mildly bullish, but monthly MACD has turned mildly bearish, and Bollinger bands show conflicting signals across timeframes. Volume on the NSE stood at 1.48 million shares on August 5, suggesting active repositioning rather than passive drift.
On the balance sheet side, the company issued a corrigendum on August 7 correcting classification errors in the FY26 audited results. Long-term provisions were restated to ₹127 million from ₹167.48 million, and short-term provisions to ₹50.57 million from ₹10.09 million, with no change to total liabilities or net other comprehensive income. Separately, Kaynes confirmed no deviation in the utilisation of QIP proceeds raised in December 2023 and June 2025, aggregating nearly ₹3,000 crore, with funds deployed toward OSAT and PCB facilities, debt repayment, working capital, and inorganic growth.