Semiconductor stock which is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer jumped 25 percent in just 2 days after it announced Q4FY24 results and future guidance to achieve 60 percent revenue growth for FY25. 

With a market capitalization of Rs. 20,741 Crores, the shares of Kaynes Technology India Limited hit a 5 percent upper circuit and closed on Saturday at Rs. 3,244.95 from its previous day’s close price of Rs. 3,090.45. 

Kaynes Technology Limited popularly known for its electronics manufacturing services, future plans for SemiConductor manufacturing, and many more has delivered a 25 percent return in just 2 trading sessions after consecutively hitting the upper circuit following the release of its Q4FY24 and Guidance for FY25 as follows. 

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Jairam Sampath, full-time Director & CFO, and Ramesh Kannan, MD & Promoter of Kaynes Technology guide the company’s future saying that the company is aiming to achieve 60 percent revenue growth for FY25 and will increase the margins by more than 100bps this year. 

Kaynes Technologies Limited 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. It has a large order book for the Aerospace segment, the Outerspace segment is expected to do well, along with the big export opportunity. 

Kaynes Technologies Limited is expecting an order pipeline of Rs. 2000-3000 Crores in the coming 3 quarters and sees FY30 Revenues clocking Rs. 3000-4000 Crores 

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. 

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. 

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 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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