The semiconductor industry is often described as the “brain” of modern-day technology. It is the unseen tech that empowers our digital lives, enabling everything from the devices in our pockets to the cars we drive and the entire infrastructure that this interconnected world has been built upon.
Here are some of the Semiconductor Stocks that have delivered Robust Q4FY24 Results that you can add to your Watchlist
Kaynes Technologies India
Kaynes Technologies India Limited is an end-to-end and Internet of Things (IoT) solutions-enabled integrated electronics manufacturer. It offers Solutions for Box Build, Printed Circuit Board Assemblies (PCBAs), ODM, Product Engineering, loT Solutions, smart metering technology, smart street lighting, and many more. It has a strong customer base with major players like Hitachi, Siemens, Tonbo Imaging, and many more.
With a market capitalization of Rs. 19,753 Crores, the shares of Kaynes Technologies India hit a 20 percent upper circuit at Rs. 3,090.45, from its previous day’s close price of Rs. 2,575.80.
Its revenue from operations grew by 75 percent YoY from Rs. 364.58 Crores in Q4FY23 to Rs. 637.30 Crores in Q4FY24 and it grew by 25 percent QoQ from Rs. 509.29 Crores in Q3FY24 to Rs. 637.30 Crores in Q4FY24. Annually it generated a revenue of Rs. 1,126.11 Crores in FY23 and Rs. 1,804.61 Crores in FY24 indicating a growth of 60 percent YoY.
Its Net Profit grew by 97 percent from Rs. 41.28 Crores in Q4FY23 to Rs. 81.25 Crores in Q4FY24 and it grew by 80 percent QoQ from Rs. 45.19 Crores in Q3FY24 to Rs. 81.25 Crores in Q4FY24. Annually it generated a profit of Rs. 95.19 Crores in FY23 and Rs. 183.28 Crores in FY24 indicating a growth of 92.54 percent YoY.
Syrma SGS Technology Limited
Syrma SGS Technology Limited is an engineering and design company engaged in the business of manufacturing and designing various electric sub-assemblies, disk drives, fiber optic assemblies, and many more.
With a market capitalization of Rs. 7,020 Crores, the shares of Syrma SGS Technology Limited closed at Rs. 395.35, down 0.74 percent, from its previous day’s close price of Rs. 398.30.
Its revenue from operations grew by 67 percent YoY from Rs. 679.52 Crores in Q4FY23 to Rs. 1,134.09 Crores in Q4FY24 and it grew by 61 percent QoQ from Rs. 706.71 Crores in Q3FY24 to Rs. 1,134.09 Crores in Q4FY24. Annually it generated a revenue of Rs. 2,048.38 Crores in FY23 and Rs. 3,153.83 Crores in FY24 indicating a growth of 54 percent YoY.
Its Net Profit grew by 6 percent YoY from Rs. 428.81 Crores in Q4FY23 to Rs. 452.14 Crores in Q4FY24 and it grew by 123 percent QoQ from Rs. 202.83 Crores in Q3FY24 to Rs. 452.14 Crores in Q4FY24. Annually it generated a profit of Rs. 1,230.76 Crores in FY23 and Rs. 1,243.4 Crores in FY24 indicating a growth of 1 percent YoY.
Dixon Technologies (India)
Dixon Technologies Limited is engaged in providing manufacturing and design-focused solutions for consumer durables, home appliances, lighting, mobile phones, security devices, set-top boxes, wearables, and medical equipment to customers across the globe, along with repairing and refurbishment services of LED TV panels. It has a strong customer base with major players like Xiaomi, Panasonic, Samsung, and many more.
With a market capitalization of Rs. 53,465 Crores, the shares of Dixon Technologies (India) Limited closed at Rs. 8,937.45, up 8.27 percent, from its previous day’s close price of Rs. 8,254.70.
Its revenue from operations grew by 52 percent YoY from Rs. 3,065.45 Crores in Q4FY23 to Rs. 4,657.97 Crores in Q4FY24 and it declined by 3.32 percent QoQ from Rs. 4,818.25 Crores in Q3FY24 to Rs. 4,657.97 Crores in Q4FY24. Annually it generated a revenue of Rs. 12,192.01 Crores in FY23 and Rs. 17,690.9 Crores in FY24 indicating a growth of 45 percent YoY.
Its Net Profit grew by 21 percent YoY from Rs. 80.62 Crores in Q4FY23 to Rs. 97.30 Crores in Q4FY24 and it grew by 0.23 percent QoQ from Rs. 97.07 Crores in Q3FY24 to Rs. 97.30 Crores in Q4FY24. Annually it generated a profit of Rs. 255.08 Crores in FY23 and Rs. 374.92 Crores in FY24 indicating a growth of 47 percent YoY.
Written by: Bharath K.S
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