Mumbai, August 10: Electrical component maker Kaycee Industries finds itself in a difficult position as the company is caught between ambition and consistency. For the quarter ended June 2026, the company reported a 19.84% decline in net profit to ₹1.15 crore as it had to address the operating losses with its EV charging infrastructure acquisition, Ultrafast Chargers Limited.
Though the company’s core electrical component business witnessed a 12.87% growth in revenue to ₹60.25 crore, its net profits were affected by elevated raw material costs, with the material costs as a percentage of sales rising to 62.17%, affecting its margins.
Financial Performance Snapshot
| Metric | Q1 FY27 (June 2026) | Q1 FY26 (June 2025) | YoY Change (%) |
| Consolidated Net Profit | ₹1.16 crore | ₹1.44 crore | -19.8% |
| Standalone Net Profit | ₹1.16 crore | ₹0.99 crore | +17.0% |
| Consolidated Revenue | ₹14.30 crore | ₹12.80 crore | +11.7% |
| Key Profit Drag Source | Ultrafast Chargers Pvt Ltd | — | Operational scaling losses |
The Mumbai- headquartered company’s ambitious acquisition of Ultrafast Chargers in 2024 has remained a drag, as near term operational overhead and lower initial capacity utilization has dragged down performance.
For now, a practical solution would be to keep patience with its Ultrafast Chargers acquisition, as consumers move hesitantly towards EVs from petrol-based cars. With its proprietary technology, Ultrafast Chargers could offer long term synergy to Kaycee’s traditional electrical control and rotary switch products, but that depends on how the company makes use of its resources to address the issue.
“Alongside our well-established electrical switches and control products, we are building a stronger presence in newer segments such as electrical control panels, and pursuing opportunities in emerging areas through our strategic investment in EV charging infrastructure. This EV charging venture remains in an early, investment-led phase; we are encouraged by its improving order book and the new products under development, and will continue to support its path to profitability,” Mr. Raman Krishnamoorthy, Non-Executive Director, Kaycee Industries said in a press release.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.
