Latest news with #RameshKunhikannan
Business Standard
31-07-2025
- Business
- Business Standard
Kaynes Tech rallies after Q1 PAT climbs 50% YoY to Rs 75 cr
Kaynes Technology India gained 3.36% to Rs 5,826.90 after the company's consolidated net profit jumped 49.96% to Rs 74.61 crore on 33.63% increase in revenue from operations to Rs 673.46 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) jumped 49.87% YoY to Rs 96.08 crore in Q1 FY26. EBITDA stood at Rs 1,130 crore in Q1 June 2025, registering the growth of 69% compared with Rs 669 crore posted in same quarter last year. EBITDA margin expanded by 350 bps to 16.8% in Q1 FY26 as against 13.3% in Q1 FY25. The orderbook jumped 46.89% to Rs 7,401.1 crore as of June 30, 2025, compared with Rs 5,038.6 crore as of June 30, 2024. Ramesh Kunhikannan, managing director & promoter, Kaynes Technology India said: Our revenues stood at Rs 673.5 crore for the quarter ended June 30, 2025, as against Rs 504.0 crore for the quarter ended June 30, 2024, establishing a growth of 34%. Our orderbook stood at Rs 7,401.1 crore as of June 30, 2025, providing strong revenue visibility for FY26 and beyond, giving us confidence to sustain the growth momentum. Our EBITDA margins for Q1 FY26 grew to 16.8% and the PAT margins improved to 11.1%. Our consistent focus on complex, high-margin verticals such as industrial & EV, aerospace, smart infrastructure, etc - has helped sustain profitable growth. Further, we remain committed to expanding our capabilities and geographic reach through strategic investments in emerging & high potential verticals, ODM segment and strategic electronics (including SpaceTech, aerospace & avionics) that are aligned with our long-term goal of creating a diversified, resilient, future-ready and a truly global enterprise. The recent acquisition of August Electronics in Canada not only adds manufacturing capacity and capabilities in North America but also brings strong customer relationships in key high-value segments. This positions us to offer a compelling IndiaCanada supply chain alternative for global clients, especially those looking to diversify from China. Kaynes Technology India is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of electronics system and design manufacturing (ESDM) services.
Business Upturn
03-07-2025
- Business
- Business Upturn
Kaynes Technology approves $17.7 million additional investment in Singapore subsidiary
By Aditya Bhagchandani Published on July 3, 2025, 19:40 IST Kaynes Technology India Limited announced on Thursday that its board has approved a further investment of up to USD 17.7 million (approximately ₹147 crore) in its wholly owned subsidiary, Kaynes Holding Pte. Ltd., incorporated in Singapore. In a regulatory filing, the company said it will acquire up to 17,524,752 equity shares of Kaynes Holding Pte. Ltd. at an issue price of USD 1.01 per share, in one or more tranches. This will increase Kaynes Holding's total paid-up capital from approximately 16.9 million shares to 34.5 million shares, with Kaynes Technology continuing to hold 100% ownership. Kaynes Holding was established in June 2024 as a strategic arm for the group's global expansion in electronics system design, manufacturing, and strategic investments. For FY25, the subsidiary reported a net worth of approximately ₹65.3 crore and other income of ₹41.5 lakh (unaudited), but no turnover yet. The company stated the additional funds will help strengthen its presence in electronics manufacturing and facilitate strategic acquisitions in line with its growth ambitions. The investment is expected to be completed by June 30, 2026, and will be made through cash. Kaynes Technology's Managing Director, Ramesh Kunhikannan, and Whole Time Director & CFO, Jairam Paravastu Sampath, also serve on the board of Kaynes Holding, representing the parent company. The transaction, however, does not fall under the definition of a related party transaction as per SEBI norms. Kaynes Technology is a Mysuru-headquartered electronics manufacturing and design company with a growing international footprint. The company's shares are listed on BSE (Scrip code: 543664) and NSE (Symbol: KAYNES). The company said the details of the investment have also been published on its website: Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
09-06-2025
- Automotive
- Time of India
Larsen and Toubro acquires Fujitsu's power modules business for expansion
This is a representative image MUMBAI: Ship-to-software conglomerate Larsen & Toubro is set to acquire the power modules business of Fujitsu General for 2 billion yen, or about $14 million, as part of its expansion strategy. The business will be bought by L&T's two-year-old 100% semiconductor arm. Separately, one of L&T Semiconductor Technologies' manufacturing contractors, Kaynes Semicon (KS), will acquire the production facilities related to the power modules business from Fujitsu . KS is a wholly owned subsidiary of Mumbai-listed Kaynes Technology India. This company, headquartered in Mysore, was founded by Ramesh Kunhikannan, an electrical engineer, in 1989. He and his wife own 58% of Kaynes, which has a market cap of Rs 36,225 crore. The Japanese major said it will record gains on the transfer of the power modules business in the first quarter of FY26. The decision to sell the power modules unit is part of a portfolio transformation of the company's electronic device business, Fujitsu added. The deal is expected to be completed by June 23, pending clearance under Japan's foreign exchange and foreign trade rules. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Good News: You May Be Richer Than You Think Undo According to Fujitsu, it has no prior business relationship with L&T Semiconductor Technologies and KS and hence is not considered a related party. L&T Semiconductor Technologies, established in November 2023, is involved in the development and sale of semiconductor products. Kaynes specialises in assembling printed circuit boards and has eight factories in the country. It supplies to 350 clients across the world in the automotive, aerospace, and medical industries. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
04-06-2025
- Business
- News18
Kaynes Tech's promoter pares 1.8 pc stake for Rs 624 crore
Agency: PTI Last Updated: New Delhi, Jun 4 (PTI) A promoter of the Mysuru-based Kaynes Technology India on Wednesday divested a 1.8 per cent stake in the company for Rs 624 crore through open market transactions. According to the bulk deal data, promoter Ramesh Kunhikannan sold 6.25 lakh shares of Kaynes Technology India on the NSE and offloaded 5 lakh shares of Kaynes on the BSE — cumulatively a 1.8 per cent stake in the company. The shares were disposed of in the price range of Rs 5,550.87-5,553.03 apiece, taking the combined transaction value to Rs 624.58 crore. After the latest transaction, Kunhikannan's stake in Kaynes Technology India came down to 55.91 per cent from 57.71 per cent. Details of the buyers of Kaynes Technology India's shares could not be ascertained on the exchanges. Shares of Kaynes Technology India fell 0.97 per cent to close at Rs 5,730.05 apiece on the BSE, and dropped by 0.86 per cent to settle at Rs 5,738.50 per piece on the NSE. In a separate bulk deal on the NSE, the Motilal Oswal Foundation sold 37.04 lakh shares or 0.62 per cent stake in Motilal Oswal Financial Services for Rs 305 crore through an open market transaction. The shares were offloaded at an average price of Rs 825.01 apiece, taking the deal value to Rs 305.58 crore. First Published: June 05, 2025, 00:45 IST
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Business Standard
04-06-2025
- Business
- Business Standard
E-commerce giant Flipkart offloads 6% stake in ABFRL; sells 73 mn shares
Carlyle Group affiliate firm, C A Dawn Investments, on Wednesday sold its entire 10.20 per cent in Indegene for ₹1,447 crore BS Reporter Flipkart Investments on Wednesday offloaded 6 per cent stake in Aditya Birla Fashion & Retail Ltd (ABFRL) for ₹588 crore. The e-commerce giant sold 73.17 million shares at ₹80.32 apiece. Shares of ABFRL fell nearly 11 per cent in secondary market trading to end at ₹76.8. Carlyle Group affiliate firm exits Indegene Carlyle Group affiliate firm, C A Dawn Investments, on Wednesday sold its entire 10.20 per cent in Indegene for ₹1,447 crore. It sold nearly 24.5 million shares at ₹591 apiece. Shares of Indegene fell 4.7 per cent to end at ₹590. Founder Kunhikannan sells 1.76% in Kaynes Ramesh Kunhikannan, founder, Kaynes Technology on Wednesday divested his 1.76 per cent stake in the firm. He sold 11.25 million shares at ₹5,551 apeice to raise ₹623 crore. Shares of Kaynes fell about a per cent to close at ₹5,730 crore. BS reporters Motilal Oswal Mutual Fund (MF) launched the first passive fund tracking the BSE 1000 index. The scheme Motilal Oswal BSE 1000 Index Fund, representing top 1000 listed companies offers exposure to about 94 per cent of the country's listed market capitalisation. The index at present has firms across 22 sectors. The top-10 stock weight is capped at 33 per cent to reduce concentration risk. Motilal Oswal is also in the process of finalising its plan to launch a scheme under the newly-introduced specialised investment fund (SIF) category in the next 6 months. Sekhmet Pharma appoints Santosh Mahil MD & CEO Private equity consortium led by PAG Sekhmet Pharmaventures has appointed Santosh Kumar Mahil (pictured) as the managing director (MD) and chief executive officer (CEO). Sekhmet is an investment platform that helps India's next generation of active pharmaceutical ingredient (API) companies. Mahil has nearly three decades of experience, having held leadership roles at Lupin, USV, Unichem, and Shilpa Medicare. BS reporter
