Kaynes Technology shares surge 7% on strong Q3FY25 results; net profit jumps 47% YoY
Shares of Kaynes Technology Ltd surged 7.07 per cent to ₹4,990.90 on the NSE at 1:17 PM on Wednesday.
The company reported a robust financial performance for the third quarter of FY25, with net profit surging 47 per cent year on year (y-o-y) to ₹665 million. The company’s revenue for the quarter stood at ₹6,612 million, marking a 30 per cent y-o-y increase, driven by strong demand across key industry verticals.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew 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.
Kaynes Technology, a leading player in the electronic system and design manufacturing (ESDM) space, 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 low of ₹2,425.00 on April 15, 2024 on the BSE.
