Kaynes Technology Reports Flat Q3 FY24-25 Results Amid Rising Costs and Strong PAT Growth

Jan 27 2025 08:02 PM IST
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Kaynes Technology India has announced its financial results for Q3 FY24-25, showing a stable performance. The company reported a Profit After Tax of Rs 126.67 crore for the half-year, reflecting significant year-on-year growth. However, rising interest expenses indicate challenges related to increased borrowings.
Kaynes Technology India has recently reported its financial results for the quarter ending December 2024, revealing a flat performance for Q3 FY24-25. The company has experienced an adjustment in its evaluation, with its score reflecting a notable change over the past three months.

On a positive note, the Profit After Tax (PAT) for the half-year period stands at Rs 126.67 crore, showcasing a year-on-year growth of 63.45%. This trend indicates a favorable trajectory for the company's profitability in the near term. Additionally, net sales reached Rs 661.18 crore for the quarter, marking the highest figure in the last five quarters, which also suggests a positive sales trend.

Conversely, the financial results highlight challenges as well. The interest expense for the quarter has risen to Rs 26.98 crore, the highest in the last five quarters, reflecting a quarter-on-quarter increase of 21.86%. This rise in interest costs points to increased borrowings, which may impact the company's financial stability.

Overall, Kaynes Technology India is navigating a complex financial landscape, with both positive growth indicators and rising costs.

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