Kaynes Technology Ltd saw its shares rise by 7.07 per cent to ₹4,990.90 on the NSE at 1:17 PM on Wednesday. The company’s third quarter FY25 financial performance was strong, with net profit increasing by 47 per cent year on year (y-o-y) to ₹665 million. Revenue for the quarter reached ₹6,612 million, up 30 per cent y-o-y, driven by solid demand across key industry verticals.
EBITDA grew by 35 per cent YoY to ₹940 million, with an EBITDA margin of 14.2 per cent, improving by 50 basis points (bps) compared to the same quarter last year. As a leading player in the electronic system and design manufacturing (ESDM) space, Kaynes Technology continues to strengthen its position in the market with a growing order book and expanding manufacturing capabilities.
The stock hit a 52-week high of ₹7,824.95 on January 1 and a low of ₹2,425.00 on April 15, 2024, on the BSE. The article was published on January 29, 2025.
