Semiconductor stock which is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer jumped upto 7 percent in the day’s trade upon declaring robust Q2FY25 results with an 86 percent jump in Net Profits.
Price Action
With a market capitalization of Rs. 34,128 Crores, the shares of Kaynes Technology India Limited were trading at Rs. 5,328 per equity share, up 2 percent from its previous day’s close price of Rs. 5,242.45.
Q2FY25 Results
Its Revenue from operations grew by 59 percent YoY from Rs. 360.84 Crores in Q2FY24 to Rs. 572.11 Crores in Q2FY25 and it grew by 14 percent QoQ from Rs. 503.97 Crores in Q1FY25 to Rs. 572.11 Crores in Q2FY25.
Its Net Profit grew by 86 percent YoY from Rs. 32.3 Crores in Q2FY24 to Rs. 60.2 Crores in Q2FY25 and it grew by 19 percent QoQ from Rs. 50.77 Crores in Q1FY25 to Rs. 60.2 Crores in Q2FY25. Its Net Profit Margin increased from 8.73 percent in Q2FY24 to 9.94 percent in Q2FY25.
Q2FY25 Updates
EBITDA Margins improved to 14.4 percent during the quarter as compared to 13.5 percent during the same period last year and the PAT Margins improved to 10.5 percent during the quarter as compared to 9.0 percent during the same period last year
The order book grew from Rs. 50,386 million in Q1FY25 to Rs. 54,228 million in Q2FY25 and the Net working capital days improved to 108 as of September 30, 2024, as against 119 days as of September 30, 2023
Revenue across verticles
As of H1FY25, It generated 54.3 percent of its revenue from Industrial incl EV, Automotive 28.1 percent, Railways 7.6 percent, IoT / IT, Cons and Others 7 percent, Medical 2 percent, and Aerospace, Outer-space & Strategic Electronics 1.5 percent.
About the Company
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. As of Q2FY25, it has a strong order book of Rs. 5,422.8 Crores.
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.
Expansion of Semiconductor Business
Kaynes Technology India Limited’s wholly-owned subsidiary Kaynes Semicon Private Limited’s proposal to set up a semiconductor unit at Sanand, Gujarat with an estimated investment of Rs 3,307 Crores was approved by the Union Cabinet on September 2, 2024.
In addition, 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
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
