Semiconductor manufacturing company Kaynes Technology India Ltd on Monday (January 27) reported a 47.2% year-on-year (YoY) jump in net profit at ₹66.4 crore for the third quarter that ended December 31, 2024. This is against a net profit of ₹45.1 crore in the same quarter in the previous fiscal.
| Company | Value | Change | %Change |
|---|
Revenue from operations increased 29.8% to ₹661.1 crore against ₹509.2 crore in the corresponding period of the preceding fiscal.
Also Read: Maharashtra Seamless Q3 Results | Net profit slides 33%, revenue down 2%
At the operating level, EBITDA surged 35% to ₹94 crore in the third quarter of this fiscal over ₹69.7 crore in the year-ago period. The EBITDA margin stood at 14.2% in the reporting quarter versus 13.7% in Q3 FY24. EBITDA is earnings before interest, tax, depreciation, and amortisation.
The results came after the close of the market hours. Shares of Kaynes Technology India Ltd ended at ₹5,268.95, down by ₹347.05, or 6.18%, on the BSE.
Also Read: Piramal Enterprises Q3 Results | Firm back in the black with ₹39-crore profit, revenue dips slightly
(Edited by : Shoma Bhattacharjee)