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Kaynes Technology India Ltd Q2FY24; 32% rise in Profits

Incorporated in 2008, Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. The company provides conceptual design, process engineering, integrated manufacturing, and life-cycle support for major players in the automotive, industrial, aerospace and defense, outer-space, nuclear, medical, railways, Internet of Things (“IoT”), Information Technology (“IT”) and other segments.

Financial Results:

  • Kaynes Technology India Ltd reported Revenues for Q2FY24 of ₹292.00 Crores up from ₹263.00 Crore year on year, a rise of 11.03%.
  • Total Expenses for Q2FY24 of ₹271.00 Crores up from ₹236.00 Crores year on year, a rise of 14.83%.
  • Consolidated Net Profit of ₹25.00 Crores up 31.58% from ₹19.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹4.37, up 6.33% from ₹4.11 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

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