Q4FY26 performance: Kaynes reported dismal result with revenue of 1242 crore, up 26% YoY and 55% QoQ, significantly below the guided revenue of ~1700 crore. Management suggests west asia conflict has caused order deferrals and supply chain issues. Similarly, working capital days has increased sharply from 91 days in FY25 to 172 days in FY26. EBITDA margins stood at 15.6%, declining 146 bps YoY (up by 75 bps QoQ) owing to higher input cost & employee cost YoY. PAT reported at 91 crore, down 21% YoY, further impacted by higher finance cost and...