EBITDA increased 15.4% to ₹193.6 crore from ₹167.7 crore a year ago, while EBITDA margin narrowed to 15.6% from 17%.
The performance fell short of CNBC-TV18 poll estimates across the board. Analysts had expected revenue to rise 53% year-on-year to ₹1,508 crore, while EBITDA was projected at ₹243 crore with margin seen at 16.1%. Net profit was estimated at ₹172 crore.
Ahead of the earnings announcement, shares of Kaynes Technology India Ltd closed 3.28% higher at ₹4,182 on the NSE.Earlier in February, Kaynes Technology had reiterated its target of achieving $1 billion in revenue by FY28 despite reporting weaker-than-expected quarterly earnings at the time.
Speaking to CNBC-TV18, CFO Jairam Sampath had said the company’s long-term growth strategy remains centred on building an integrated electronics manufacturing platform.
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“We’ve always been talking about us being an integrated company, an end-to-end company,” Sampath had said, adding that scale benefits from the model are expected to support future growth ambitions.
