Semiconductor stock which is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer jumped 15 percent in the day’s trade upon posting its Q4FY24 results with a 97 percent jump in Net Profits.
With a market capitalization of Rs. 18,443 Crores, the shares of Kaynes Technologies India Limited were trading at Rs. 2,886.15, up 12.05 percent 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.
The overall Growth was led by strong demand across all the verticals, more notably Industrial & EV, Aerospace, Outer-space & Strategic Electronics, and Railways segment.
Its order book surged from Rs. 3,789 Crores in Q3FY24 to Rs. 4,115.2 Crores in Q4FY24, indicating a growth of 9 percent QoQ and the average order inflow per month increased from Rs. 278 Crores per month in Q3FY24 to Rs. 321 Crores during Q4FY24.
In FY24 Kaynes Technologies Limited revenue breakup across business verticals consists of Insdustrial+EV 48 percent, Automotive 29 percent, Railways 11 percent, IOT / IT, Cons, and Others 7 percent, Medical 3 percent, Aerospace & Strategic Electronics 3 percent.
Kaynes Technologies India Limited is an end-to-end and Internet of Things (IoT) solutions-enabled integrated electronics manufacturer. It has a strong customer base with major players like Hitachi, Siemens, Tonbo Imaging, and many more.
It offers Solutions for Box Build, Printed Circuit Board Assemblies (PCBAs), ODM, Product Engineering, loT Solutions, smart metering technology, smart street lighting, and inverter technology. It also offers conceptual design and product engineering services.
Kaynes Technologies India Limited offers its products and services to major players in the automotive, industrial, nuclear, medical, railway, aerospace and defense, outer-space, nuclear, medical, railways, loT, information technology, and other segments.
Kaynes Technologies India Limited is also investing Rs. 2,800 Crores to set up a semiconductor OSAT (Outsourced Semiconductor Assembly and Test) and compound semiconductor facility at Kongara Kalan near Hyderabad.
Written by: Bharath K.S
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