Kaynes Technology India Ltd
P&L
Quarterly Consolidated
vs Q2 FY25
KAYNES REPORTS STRONG PERFORMANCE with Q3 FY25 Revenue up 30% YoY and PAT up 47% YoY
28 Jan 2025 · 28 Jan 2025, 04:14 am
Summary
Kaynes Technology India Limited, a leading end-to-end IoT solutions-enabled integrated electronics manufacturer, reported its audited consolidated financial results for Q3FY25. The company saw a 30% YoY increase in revenue, reaching INR 6,612 million, and a 47% YoY increase in PAT, reaching INR 665 million. The order book grew from INR 37,980 million in Q3FY24 to INR 60,471 million in Q3FY25, and net working capital days improved to 107 as of December 31, 2024.
Key Highlights
- 1
Achieved revenues of INR 17,373 mn during the 9-months period ended December 31, 2024, establishing a strong growth of 49% compared to the same period last year.
- 2
EBITDA Margins improved to 14.2% during the quarter as compared to 13.7% during the same period last year.
- 3
PAT Margins improved to 10.1% during the quarter as compared to 8.9% during the same period last year.
- 4
Order book grew from Rs. 37,980 million in Q3FY24 to Rs. 60,471 million in Q3FY25.
- 5
Net working capital days improved to 107 as of December 31, 2024 as against 117 days as of December 31, 2023.
Management Comments
Ramesh Kunhikannan
Kaynes achieved an impressive 30% revenue YoY growth in Q3FY25 with healthy profit margins. Our revenues were INR 17,373 mn for the 9-months period ended December 31, 2024 as against INR 11,673 mn for the 9-months period ended December 31, 2023 establishing a growth of 49%. Our orderbook stood at INR 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 Q3 FY24 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.
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