Kaynes Tech shares dives 17% after firm trims FY25 revenue growth guidance

Kaynes Tech shares have fallen nearly 40 percent in the last one month.

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26 Aug, 2025 12:21

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Shares of Kaynes Technology India tanked 17 percent on January 28, dragged by the downward revision of the company's FY25 revenue growth guidance, despite strong Q3 earnings.

The management trimmed its FY25 revenue guidance for FY25 Rs 2,800 crore from the earlier Rs 3,000 crore. The downward revision was attributed to delays in execution of select orders in the industrial segment worth Rs 100 crore in the December quarter. These orders are now slated to be executed in the March quarter.

At 09.35 am, shares of Kaynes Tech were trading at Rs 4,366.95 on the NSE.

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Despite the revision, however, Jairam Sampath, CFO of Kaynes Technology stated in an interaction with CNBC-TV18 that the company targets an EBITDA margin of over 15 percent for FY25 and projects Rs 4,500 crore in revenue in FY26.

Kaynes Tech delivered a 47 percent jump in its net profit for the December quarter at Rs 66.4 crore, up from Rs 45.1 crore in the year ago period. However, much of this spike was led by a surge in the company's other income.

Revenue grew nearly 30 percent, but it was still below analysts expectations. The company's revenue came at Rs 661.1 crore in Q3 as against Rs 509.20 crore in the base quarter.

Operational performance improved as EBITDA margin expanded to 14.2 percent in Q3 as against 13.7 percent in the same quarter last fiscal.

Meanwhile, Sampath also revealed that the company secured new orders across the aerospace, defense, and industrial sectors in Q3.

Earlier this month, the company's board also approved a Rs 1,600 crore fund raise through the QIP route. Sampath stated that the funds from the QIP will be used to acquire a US-based company.

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