Q3FY23 Quarterly Result Announced for Kaynes Technology India Ltd.
Other electrical equipment firm Kaynes Technology India announced Q3FY23 results: Q3FY23: Orderbook at an all-time high of over Rs 25,579.61 million Revenue at Rs 2,890.91 million, up 57.61% YoY Growth led by strong demand across Automotive, Railways and Consumer verticals EBITDA at Rs 411.58 million, up 87.24% YoY PAT at Rs 228.69 million, up 112.87% YoY Ramesh Kannan, Managing Director, Kaynes Technology, said, "Kaynes delivered revenue growth of 63% for 9MFY23 as we witnessed strong demand across the Automotive, Railways and Consumer verticals. With an executable order book of over Rs 25,579 million, we have visibility of strong growth as we approach FY24. Given the proven track record of our execution capabilities, we are now taking orders where we provide higher value-added services. After successfully completing our IPO, we are now focused on upgrading our capacity and capabilities. This will help us benefit from the industry tailwinds in the manufacturing sector." Result PDF31-01-2023