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Hot Pursuit News

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(17 May 2024, 09:42)

Kaynes Tech sizzles after Q4 PAT surges 97% YoY to Rs 813 cr

Kaynes Technology India surged 11.08% to Rs 2,861.30 after the company’s consolidated net profit jumped 96.8% to Rs 813 crore from Rs 413 crore posted in same quarter last year.


Revenue from operations increased 74.8% YoY to Rs 637.3 crore in Q4 FY24, Growth led by strong demand across all the verticals, more notably Industrial & EV, Aerospace, Outer-space & Strategic Electronics and Railways segment.

Profit before tax stood at Rs 101.93 crore , up 89.74% YoY.

EBITDA was at Rs 952 crore in Q4 FY24, registering the growth of 60.5% as compared with Rs 594 crore posted in corresponding quarter last year. EBITDA margin contracted by 134 bps to 14.9% in Q4 FY24 as against 16.3% in Q4 FY23.

On full year basis, the company’s consolidated net profit surged 92.5% to Rs 183.3 crore on 60.3% increase in revenue from operations to Rs 1,804.6 crore in FY24 over FY23.

The company's order book soared at Rs 4,115.2 crore in FY24 as compared with Rs 2,648.2 crore ...

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