kaynes share price – After a 30% increase in revenue, Kaynes Tech’s results fell low of analysts’ expectations. Due to a rise in the company’s other revenue, net profit rose 47% from the previous year. The company’s margins, at 14.2%, were close to analyst estimates.
In early trading on Tuesday, January 28, shares of Kaynes Technology India Ltd., a semiconductor manufacturing business, kaynes technology share price dropped as much as 17% after the management reduced its FY25 revenue projection from Rs. 3,000 crore to Rs. 2,800 crore.
The company anticipates ₹4,500 crore in revenue with margins above 15% for the fiscal year 2026.
Despite a 30% increase in revenue, kaynes technology share results fell short of analysts’ expectations. Due to a rise in the company’s other revenue, net profit rose 47% from the previous year. The company’s margins, at 14.2%, were consistent with analyst estimates.
Operational revenue rose 29.8% to ₹661.1 crore from ₹509.2 crore during the same period the previous year.
Operational revenue climbed 29.8% to ₹661.1 crore from 509.2 crore during the same period in the previous fiscal year.
Operating-wise, EBITDA increased 35% to 94 crore in the third quarter of this fiscal year compared to 69.7 crore in the same period last year.
Kaynes Tech’s stock is currently trading at ₹4,390.6, down 16.7% on Tuesday. Since its most recent top of ₹7,822, the stock has dropped 40%.
Following its approval of raising funds through the QIP route last week, the company has also been in the spotlight lately.
FAQ
- Why did Kaynes Technology’s share price fall?
Kaynes Technology’s share price fell by as much as 17% on January 28, 2025, following a revision in the company’s FY25 revenue forecast. The management lowered its revenue guidance from Rs. 3,000 crore to Rs. 2,800 crore, leading to investor concerns. - What were the company’s financial results?
Kaynes Technology reported a 30% increase in revenue, reaching ₹661.1 crore, but the results fell short of analyst expectations. Despite the shortfall in overall expectations, net profit rose 47% from the previous year, mainly driven by a rise in other revenue. The company’s operating margin stood at 14.2%, which was close to analyst estimates. - What is the outlook for FY2026?
The company is projecting revenue of ₹4,500 crore and expects to achieve margins above 15% for FY2026, signaling a positive long-term outlook despite the short-term setback. - What is Kaynes Technology’s recent stock performance?
As of January 28, 2025, Kaynes Technology shares were trading at ₹4,390.6, reflecting a 16.7% drop for the day. The stock has seen a 40% decrease from its recent peak of ₹7,822. - What other developments have impacted Kaynes Technology recently?
The company is in the spotlight for having recently approved a fundraising initiative through the Qualified Institutional Placement (QIP) route. Despite the drop in share price, this initiative indicates plans for growth and operational expansion. - How did Kaynes Technology’s operational revenue perform?
The company’s operational revenue grew by 29.8%, reaching ₹661.1 crore, up from ₹509.2 crore during the same period in the previous year. The increase in operational revenue is a positive sign, but it was not enough to meet analysts’ high expectations. - How did EBITDA perform?
Kaynes Technology reported a 35% increase in EBITDA, reaching ₹94 crore in the third quarter of FY25 compared to ₹69.7 crore in the same period last year. This shows an improvement in operational efficiency, despite the overall drop in share price.
