Ramesh Kunhikannan, Executive Vice Chairman of Mumbai-based semiconductor manufacturing company, Kaynes Technology , said the company expects operating and free cash flows will turn positive by the end of the current financial year 2025-26 (FY26). The company's stock continued its slide with another 10% drop on December 5. It has shed more than 28% over the past year.

Kunhikannan also addressed concerns raised in a recent Kotak analyst report, saying a “miss” in standalone disclosures is being corrected and that consolidated financials remain accurate.

Key concerns flagged by Kotak from Kaynes' FY25 annual report:

Significant revenue/profit contribution from the smart metering business, Iskraemeco. In FY26, almost 50% of PAT growth was from Iskraemeco

Ambiguous accounting treatment o

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