Kaynes Technology India Ltd - 543664 - Clarification sought from Kaynes Technology India Ltd
The Exchange has sought clarification from Kaynes Technology India Ltd on May 18, 2024, with reference to Movement in Volume. The reply is awaited. Q4FY24 Quarterly & FY24 Annual Result Announced for Kaynes Technology India Ltd.
Electrical Equipment company Kaynes Technology India announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Orderbook surged from Rs 37,890 million in Q3FY24 to Rs 41,152 million in Q4FY24 The average order inflow per month increased from Rs 2,788 million per month in Q3FY24 to Rs 3,212 million during Q4FY24 Revenue at Rs 6,373 million; up 74.8% YoY Growth led by strong demand across all the verticals, more notably Industrial & EV, Aerospace, Outer-space & Strategic Electronics and Railways segment EBITDA at Rs 952 million; up 60.5% YoY; EBIDTA Margin at 14.9% PAT at Rs 813 million; up 96.8% YoY; PAT Margin at 12.8% FY24 Financial Highlights: Revenue at Rs 18,046 million; up 60.3% YoY EBITDA at Rs 2,542 million; up 51.0% YoY; EBIDTA Margin at 14.1% PAT at Rs 1,833 million; up 92.5% YoY; PAT Margin at 10.2% Commenting on the results Ramesh Kunhikannan, Managing Director & Promoter, Kaynes Technology India Limited said: “ Kaynes achieved an impressive 60.3% revenue growth in FY24, driven by robust demand across all verticals, more notably in the Industrial & EV, Aerospace, Outerspace & Strategic Electronics and Railways verticals. The company's order book soared to INR 41,152 million, providing us strong visibility of growth for FY25 and beyond at similar growth rates and improved margins. The working capital cycle has reduced to 83 days in FY24 from 99 days in FY23. This is in line with our commitment and consistent efforts to optimize the working capital cycle. Kaynes continues to invest in new initiatives & executing projects in newer high potential segments. These strategic initiatives are poised to strengthen the company's competitive edge and make Kaynes an Integrated EMS Company. Many new initiatives are in the planning stage to support this strategy. We continue to expand capabilities across verticals with clear focus on outlined strategy of continuous expansion of customer base with focus on large accounts with growing share of value-added services.” Result PDF Kaynes Technology India Ltd - 543664 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication
Kaynes Technology Shares Highest In Two Months After Profit Nearly Doubles
Kaynes Technology's net profit rose 96.9% on-year to Rs 81 crore in the quarter ended March, beating Bloomberg estimate of Rs 64.06 crore. Kaynes Technology India Ltd - 543664 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investors Presentation Kaynes Technology India Ltd - 543664 - Statement Of Deviation And Variation
Statement of Deviation and Variation Kaynes Technology India Ltd - 543664 - Financial Results For FY Ended 31.03.2024
Financial Results for FY ended 31.03.2024 Kaynes Technology India Ltd - 543664 - Board Meeting Outcome for Outcome Of Board Meeting
Outcome Of Board Meeting