Conference Call with Kaynes Technology India Management and Analysts to discuss the acquisition of Iskraemeco India. Listen to the full transcript.
Electrical Equipment products company Kaynes Technology India announced Q1FY25 results: Revenue: Rs 5,040 million, up by 70% YoY PAT: Rs 508 million, up by 106% YoY Orderbook surged from Rs. 41,152 million in Q4FY24 to Rs. 50,386 million in Q1FY25 Order book grew sequentially by 22% during the quarter compared to last quarter Growth led by strong demand across all the verticals, more notably Industrial & EV, Aerospace, Outer-space & Strategic Electronics and Railways segment Commenting on the results Ramesh Kunhikannan, Managing Director & Promoter, Kaynes Technology India said: “Kaynes achieved an impressive 70% revenue YoY growth in Q1FY25, driven by robust growth across all key verticals including Industrial & EV, Railways, Automotive and Aerospace, Outer-space & Strategic Electronics verticals with healthy profit margins. Our orderbook stood at INR 50,386 million as of June 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 working capital cycle has been at around 121 days during the current quarter, similar to Q1FY24. Further, Kaynes continues to invest in new initiatives & focus on high potential opportunities. These initiatives would strengthen the Company's competitive edge and make Kaynes, a differentiated player in this segment. We consistently add new capabilities across verticals and expand our customer base, with specific focus on large customers and high growth segments.” Result PDF