Kaynes Tech shares drop 6% after Q3 earnings miss
after close1 source ↓written by the desknot a recommendation
- expected by analysts
- ₹990 cr
- its guidance
- ₹1,300 cr
- EBITDA rose
- 27.1%
- ₹119 cr
- missing the projected
- ₹157 cr
Kaynes Technology (India) Ltd reported disappointing Q3 results, with revenue at ₹804 cr, significantly lower than the ₹990 cr expected by analysts. The company also cut its guidance from ₹1,300 cr. EBITDA rose 27.1% to ₹119 cr, missing the projected ₹157 cr. This led to a 6% drop in shares on Friday.
Not investment advice. For informational purposes only.