Kaynes Technology Q3 results miss estimates, stock declines
pre-market1 source ↓written by the desknot a recommendation
- Q3 revenue
- ₹804 cr
- and guidance
- ₹990 cr
- and guidance
- ₹1,300 cr
- EBITDA rose
- 27.1%
- ₹119 cr
Kaynes Technology (India) Ltd. reported Q3 revenue of ₹804 cr, missing estimates of ₹990 cr and guidance of ₹1,300 cr. EBITDA rose 27.1% to ₹119 cr, below the expected ₹157 cr. As a result, the stock fell 6% on Friday, reflecting trader disappointment with the earnings performance.
Not investment advice. For informational purposes only.