Kaynes Technology India Limited, a leading provider of integrated electronics manufacturing solutions, has reported its financial performance for the third quarter of FY25, demonstrating solid growth across key financial metrics.
Detailed Financial Highlights
- Revenue from Operations: The company reported a total revenue of ₹520 crore in Q3 FY25, up 29.4% YoY from ₹402 crore in Q3 FY24. This growth was driven by a surge in demand across key segments, particularly industrial automation and automotive electronics.
- Net Profit: Net profit for the quarter stood at ₹62 crore, registering a 22.5% YoY increase from ₹50.6 crore in Q3 FY24. The profit margin was bolstered by operational efficiencies and effective cost management.
- EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose to ₹92 crore, reflecting a YoY growth of 25%. The EBITDA margin remained strong at 17.7%.
- Earnings Per Share (EPS): EPS for the quarter increased to ₹7.35, compared to ₹6.00 in the same period last year.
Segmental Performance
- Industrial Automation: The industrial segment continued to be a strong contributor, benefiting from increased adoption of automation solutions by domestic and international clients.
- Automotive Electronics: Growth in the automotive segment was driven by a surge in electric vehicle (EV) demand and new client acquisitions in the EV ecosystem.
- Exports: Revenue from exports saw a significant increase, with strong traction in the US and European markets, supported by an expanding product portfolio and enhanced manufacturing capabilities
Management Commentary
Jairam Paravastu Sampath, Whole-Time Director & CFO, stated, “Our Q3 performance highlights our ability to capitalize on industry tailwinds and leverage our expertise in electronics manufacturing. With a diversified portfolio and robust order book, we remain confident in our growth trajectory for the future.”
Nine-Month Performance (April to December 2024)
- Cumulative Revenue: ₹1,460 crore, up 27% from the same period in FY24.
- Net Profit: ₹180 crore, a 24% YoY increase.
TOPICS:
Kaynes Technology