Electrical Equipment & Products company Kaynes Technology India announced Q3FY25 results Achieved revenues of Rs 17,373 million during the 9MFY25 establishing a strong growth of 49% compared to 9MFY24. Revenues for Q3FY25 stood at Rs 6,612 million as against Rs 5,093 million during Q3FY24. EBITDA Margins improved to 14.2% during Q3FY25 as compared to 13.7% during Q3FY24. PAT Margins improved to 10.1% during Q3FY25 as compared to 8.9% during Q3FY24. Orderbook grew from Rs. 37,980 million in Q3FY24 to Rs. 60,471 million in Q3FY25. Net working capital days improved to 107 as of December 31, 2024 as against 117 days as of December 31, 2023. Ramesh Kunhikannan, Managing Director & Promoter, Kaynes Technology India, said: “Kaynes achieved an impressive 30% revenue YoY growth in Q3FY25 with healthy profit margins. Our revenues were Rs 17,373 million for 9MFY25 as against Rs 11,673 million for the 9MFY24 establishing a growth of 49%. Our orderbook stood at Rs 60,471 million as of December 31, 2024, providing strong revenue visibility for FY25 and beyond. The net working capital cycle has improved to 107 days during the current quarter, compared to Q3FY24 where it was 117 days. We continue to invest in high potential & high margin segments and expect these to help us sustain the growth momentum and make Kaynes, a differentiated player in this segment. We are consistently adding new capabilities, new geographies and looking to expand our customer base, with specific focus on large customers and high growth segments.” Result PDF
Conference Call with Kaynes Technology India Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Electrical Equipment & Products company Kaynes Technology India announced Q2FY25 results EBITDA Margins improved to 14.4% during the quarter as compared to 13.5% during the same period last year. PAT Margins improved to 10.5% during the quarter as compared to 9.0% during the same period last year. Orderbook grew from Rs 50,386 million in Q1FY25 to Rs 54,228 million in Q2FY25. Net working capital days improved to 108 as of Q2FY25 as against 119 days as of Q2FY24. Ramesh Kunhikannan, Managing Director & Promoter, Kaynes Technology India, said: “Kaynes achieved an impressive 59% revenue YoY growth in Q2FY25 with healthy profit margins. In line with our guidance, our margins both at the EBITDA and PAT levels have improved during the current quarter. Our orderbook stood at Rs 54,228 million as of September 30, 2024, providing strong revenue visibility for FY25 and beyond. This gives us confidence to sustain our growth and achieve the revenue guidance for the current year. The net working capital cycle has improved to 108 days during the current quarter, compared to Q2FY24. We continue to invest in high potential & high margin segments and expect these to help us sustain the growth momentum and make Kaynes, a differentiated player in this segment. We are consistently adding new capabilities, new geographies and looking to expand our customer base, with specific focus on large customers and high growth segments.” Result PDF