Kaynes Technology India Q2 Results Live : Kaynes Technology India declared its Q2 results on 29 October 2024, showcasing a remarkable performance with a topline increase of 58.55% year-over-year (YoY) and a profit surge of 86.35%. This significant growth highlights the company’s strong market positioning and effective operational strategies.
In comparison to the previous quarter, Kaynes Technology reported a revenue growth of 13.52% and an 18.57% increase in profit. This consistent upward trajectory indicates robust demand for the company’s products and services, despite the challenges faced in the current economic landscape.
However, the company also reported a rise in selling, general, and administrative expenses, which increased by 19.32% quarter-over-quarter and a staggering 79.26% YoY. This could indicate increased investments in marketing and infrastructure aimed at sustaining growth.
The operating income for the quarter was also impressive, showing an increase of 25.62% from the previous quarter and a 73.99% increase YoY. This reflects improved operational efficiency and cost management strategies by Kaynes Technology.
Earnings per share (EPS) for Q2 stood at ₹9.29, marking a significant increase of 67.39% YoY. This growth in EPS is a positive indicator for investors and reflects the company’s commitment to delivering shareholder value.
Despite a slight downturn of -2.82% in the last week, Kaynes Technology has shown remarkable performance over the last six months with a return of 96.76% and an impressive 100.82% year-to-date (YTD) return, indicating strong investor confidence.
Currently, Kaynes Technology India boasts a market capitalization of ₹33,558.29 crore, with a 52-week high of ₹5,909.95 and a low of ₹2,158, showcasing the stock’s volatility and potential for growth in the coming quarters.
Kaynes Technology India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 572.12 | 503.98 | +13.52% | 360.84 | +58.55% |
| Selling/ General/ Admin Expenses Total | 39.94 | 33.47 | +19.32% | 22.28 | +79.26% |
| Depreciation/ Amortization | 8.59 | 8.37 | +2.68% | 6.53 | +31.52% |
| Total Operating Expense | 498.58 | 445.44 | +11.93% | 318.58 | +56.5% |
| Operating Income | 73.53 | 58.54 | +25.62% | 42.26 | +73.99% |
| Net Income Before Taxes | 84.94 | 64.12 | +32.48% | 39.41 | +115.55% |
| Net Income | 60.21 | 50.78 | +18.57% | 32.31 | +86.35% |
| Diluted Normalized EPS | 9.29 | 7.84 | +18.49% | 5.55 | +67.39% |
