Kaynes Expertise India shares tumbled 18.22 per cent to ₹4,308.40 on the NSE at this time at 10.10 am, wiping out ₹959.65 per share in worth, regardless of reporting strong third-quarter outcomes yesterday.
The digital manufacturing providers firm introduced a 30 per cent year-on-year income progress to ₹661.2 crore for Q3 FY25, with revenue after tax (PAT) rising 47 per cent to ₹66.5 crore. The corporate’s EBITDA margins improved to 14.2 per cent from 13.7 per cent in the identical quarter final 12 months.
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Kaynes’ order e-book confirmed important progress, increasing from ₹3,798 crore in Q3 FY24 to ₹6,047 crore in Q3 FY25. The corporate additionally reported improved working capital effectivity, with web working capital days decreasing to 107 from 117 days year-on-year.
Nonetheless, the administration trimmed its income steering for FY25 to ₹2,800 crore, down from the sooner forecast of ₹3,000 crore. The downward revision was attributed to delays in executing choose industrial section orders price ₹100 crore throughout the December quarter, which are actually anticipated to be accomplished within the March quarter.
Earlier this month, the corporate’s board accredited a ₹1,600 crore fundraiser by means of the Certified Institutional Placement (QIP) route.
Managing Director Ramesh Kunhikannan highlighted the corporate’s nine-month efficiency, noting revenues of ₹1,737.3 crore for the interval ended December 31, 2024, representing a 49 per cent progress in comparison with the earlier 12 months.
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Kaynes Expertise makes a speciality of electronics system design and manufacturing providers, serving varied sectors together with automotive, industrial, aerospace, and IoT options by means of its 16 manufacturing services.
