Kaynes Technology India (KAYNES) Q1 24/25 earnings summary

Executive summary

• Approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2024.

• Board approved a joint venture for Kaynes Singapore to acquire a 54% stake in Sensonic GmbH, Austria, pending regulatory approvals.

• Allotted 92,697 equity shares under the ESOP Scheme 2022, increasing paid-up capital to Rs. 64,01,07,700.

• 16th Annual General Meeting scheduled for September 9, 2024.

Financial highlights

• Consolidated revenue from operations for Q1 FY25 was Rs. 5,039.78 million, up from Rs. 2,971.77 million in Q1 FY24.

• Consolidated net profit for Q1 FY25 was Rs. 507.77 million, compared to Rs. 246.49 million in Q1 FY24.

• Standalone revenue for Q1 FY25 was Rs. 3,501.57 million, up from Rs. 2,905.93 million in Q1 FY24.

• Standalone net profit for Q1 FY25 was Rs. 485.12 million, compared to Rs. 251.93 million in Q1 FY24.

• Basic EPS (consolidated) for Q1 FY25 was Rs. 7.93, up from Rs. 4.23 in Q1 FY24.

Outlook and guidance

• Board continues to focus on expansion and strategic investments, including international joint ventures.

• Ongoing investments in manufacturing capacity and technology upgrades.