Kaynes Technology Q3 results fall short of estimates
after close1 source ↓written by the desknot a recommendation
- Q3 revenue
- ₹804 cr
- analyst expectations
- ₹990 cr
- year-on-year fell short
- 21% growth
- company's guidance
- ₹1,300 cr
- on Friday
- 6%
Kaynes Technology (India) Ltd. reported Q3 revenue of ₹804 cr, missing analyst expectations of ₹990 cr. The 21% growth year-on-year fell short of the company's guidance of ₹1,300 cr. Consequently, the stock fell 6% on Friday, reflecting concerns over lower EBITDA margin expansion and competitive pricing pressures from Chinese manufacturers.
Not investment advice. For informational purposes only.