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Q1FY24 Quarterly Result Announced for Kaynes Technology India Ltd.

Other Electrical Equipment/Products company Kaynes Technology India announced Q1FY24 results: Orderbook surged to Rs 30,004 million up from Rs 26,482 million in FY23 Order inflow increased to Rs 2,165 million per month from Rs 1,516 million during Q4FY23 Revenue at Rs 2,972 million; up 49% YoY Growth led by strong demand across Industrial, Railways, IoT/IT & Aerospace segment EBITDA at Rs 403 million; up 64% YoY PAT at Rs 246 million; up 145% YoY Commenting on the results Ramesh Kunhikannan, Managing Director & Promoter, Kaynes Technology India said: “ Kaynes achieved an impressive 49% revenue growth, driven by robust demand across the Industrial, Railways, IoT/IT, and Aerospace sectors. The company's order book soared to Rs 30,004 million, providing us strong visibility of growth for FY24. Kaynes has made significant strides in upgrading its existing facilities and executing new expansion projects in Chamarajanagar, which are expected to come on stream in phases starting FY24. These strategic initiatives are poised to strengthen the company's competitive edge and expand its range of services. Given the proven track record of our execution capabilities, we are now targeting orders having higher proportion of value-added services and growing our overall wallet share." Result PDF
01-08-2023
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Kaynes Technology India Ltd - 543664 - Announcement under Regulation 30 (LODR)-Change in Management

Reappointment of Mr. Ramesh Kunhikannan as MD and Savitha Ramesh and WTD wef 01.04.2024
31-07-2023
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Kaynes Technology India Ltd - 543664 - Announcement under Regulation 30 (LODR)-Change in Management

Appointment of Company Secretary and Compliance Officer
31-07-2023
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