Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Kaynes Technology Stock Soars 165%: Aerospace Sector Surges – Find Out Why | Management Unveils Strategic Roadmap

Reading Time: < 1 minute

Kaynes Technology’s shares soared by 165% on Friday, reaching the upper circuit after the company reported robust earnings for the fourth quarter of fiscal year 2024. The smallcap company nearly doubled its profit after tax (PAT) for Q4 FY24 compared to the same period in FY23.

The stock opened with a gap up at Rs 2,816.40 and quickly surged to hit the upper circuit at Rs 3,080.80. Investors have seen a remarkable return of over 165% in the past year, making Kaynes Technology a standout performer in the market.

Jairam Sampath, the whole-time Director & CFO, and Ramesh Kannan, the MD & Promoter of Kaynes Technology, shared their insights and future plans with ET NOW viewers. They outlined their guidance for FY25, including plans to increase margins by more than 100 basis points and achieve a 60% revenue growth target.

The company also revealed that they have a substantial order book for the Aerospace segment and anticipate strong performance in the Outerspace segment with significant export opportunities. They project an order pipeline of Rs 2,000-3,000 crore in the coming three quarters and expect revenues to reach Rs 3,000-4,000 crore by FY30.

Kaynes Technology’s Q4 results for 2024 showed impressive growth, with net profit surging by 96.8% year-on-year to Rs 813 crore. Revenue from operations rose by 74.8% to Rs 637.3 crore, driven by strong demand across various verticals. The company’s order book also expanded to Rs 4,115 crore in FY24, indicating a positive outlook for future growth.

Taylor Swifts New Album Release Health issues from using ACs Boston Marathon 2024 15 Practical Ways To Save Money