Kaynes Technology outperforms the Street with strong Q1 results, revenue up but misses estimate

The Mysore-based company’s margins widened to 16.7% from 13.3% a year ago. Though the company’s topline climbed 33.6% YoY to ₹673.4 crore, it missed the CNBC-TV18 poll estimates by ₹85.6 crore. Shares of Kaynes Technology closed at ₹5,637.7, up 1.7% on the BSE today (July 30). The stock has risen by more than 19% over the previous six months.

Leave a Reply

Your email address will not be published. Required fields are marked *