Semiconductor manufacturing company Kaynes Technology India Ltd on Wednesday (July 30) strong reported earnings for the April-June quarter, beating CNBC-TV18 estimates on all parameters except revenue.
Net profit in the first quarter jumped 47% YoY to ₹74.6 crore rose from ₹50.8 in Q1FY25. This exceeded the CNBC-TV18 poll estimate of ₹70.4 crore. Similarly, the earnings before interest, taxes, depreciation and amortisation (EBITDA) expanded 68% to ₹113 crore year-on-year while also topping Street estimate of ₹111 crore.
The Mysore-based company’s margins also improved to 16.7% from 13.3% a year ago. Though the company’s topline climbed 33.6% year-on-year to ₹673.4 crore, it missed the CNBC-TV18 poll estimates by ₹85.6 crore.
In June, the company successfully closed its qualified institutional placement (QIP), raising ₹1,600 crore through the issue of 28.73 lakh equity shares at ₹5,569.50 per share. Out of that, ₹120 crore has been used for repayment of debt, inorganic growth, including acquisitions, and for general corporate purposes. As on June 30 , the unused amount is ₹1,480 crore.
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Further, the company has also inked a deal to acquire identified assets, including production lines for power modules, of Fujitsu General Electronics for 1.59 billion yen.
Also Watch | Jairam Sampath, Whole Time Director & CFO, Kaynes Technologydiscusses April-June 2025 quarter (Q1FY26) figures in an interview with CNBC-TV18.
Shares of Kaynes Technology closed at ₹5,637.7up 1.7% on the BSE today (July 30). The stock has risen by more than 19% over the previous six months.
