Profit before tax (PBT) stood at Rs 64.11 crore, steepy higher than Rs 31.86 crore posted in same quarter last year.

EBITDA (excluding other income) increased 66% to Rs 66.9 crore during the quarter from Rs 40.3 crore posted in corresponding quarter last year. EBITDA margin contracted 27 bps to 13.3% in Q1 FY25 from 13.5% in Q1 FY24.

Orderbook stood at Rs 5,038.6 crore as on 30 June 2024. Growth led by strong demand across all the verticals, more notably Industrial & EV, Aerospace, Outer-space & Strategic Electronics and Railways segment

Ramesh Kunhikannan, Managing Director & Promoter, Kaynes Technology India, said, ““Kaynes achieved an impressive 70% revenue YoY growth in Q1FY25, driven by robust growth across all key verticals including Industrial & EV, Railways, Automotive and Aerospace, Outer-space & Strategic Electronics verticals with healthy profit margins. Our orderbook stood at Rs 50,386 million as of June 30, 2024, providing strong revenue visibility for FY25 and beyond. This gives us confidence to sustain our growth and achieve the revenue guidance for the current year. The working capital cycle has been at around 121 days during the current quarter, similar to Q1FY24

Further, Kaynes continues to invest in new initiatives & focus on high potential opportunities. These initiatives would strengthen the Company's competitive edge and make Kaynes, a differentiated player in this segment. We consistently add new capabilities across verticals and expand our customer base, with specific focus on large customers and high growth segments.”

Meanwhile, the company’s board approved the execution of the joint venture agreement (JVA) by and between Kaynes Holding Pte (Kaynes Singapore, a wholly owned subsidiary of the company), Sensonic GmbH and other existing shareholders of Sensonic Austria, for the proposed subscription of shares and acquisition of 54% by Kaynes Singapore in Sensonic Austria.

The subscription of shares/ acquisition by Kaynes Singapore is subject to receipt of regulatory approvals under Investment Control Act of Austria and other regulatory approvals as applicable in the relevant jurisdictions.

Kaynes Technology India (KTI) is an end-to-end and Internet of Things (IoT) solutions enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing (ESDM) services.