Semiconductor stock falls 19% after company announces weak future growthSemiconductor stock falls 19% after company announces weak future growth

Introduction:

Leading semiconductor company reported a revised FY25 revenue guidance of Rs 2,800 crore, down from Rs 3,000 crore. For Q3 FY25, the company posted a 47% YoY growth in profit, reaching Rs 66.5 crore, with a 30% increase in revenue.

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Share price movement of Kaynes Technology:

On January 28, 2025, Kaynes Technology India Ltd opened at ₹4,877.00, down 7.46% from its previous close of ₹5,268.95. The stock reached a high of ₹4,917.45 and a low of ₹4,256.65. By 9:58 AM, it traded at ₹4,305.80, a decline of 18.28%, with a market cap of ₹27,628.97 crore.

Kaynes Technology Shares Drop:

Kaynes Technology shares saw a sharp decline on Tuesday, reaching Rs 4,255, following the company’s revision of its FY25 revenue forecast. The updated guidance stands at Rs 2,800 crore, down from the previous estimate of Rs 3,000 crore.

Despite the revenue downgrade, Kaynes Technology reported impressive financial growth for Q3 FY25. Profit after tax (PAT) surged 47% YoY to Rs 66.5 crore, while quarterly revenue reached Rs 661.2 crore, marking a 30% increase from Q3 FY24’s Rs 509.3 crore.

The company’s EBITDA for Q3 FY25 grew by 35% YoY, reaching Rs 94 crore. EBITDA margin improved to 14.2%, up from 13.7% in Q3 FY24. Kaynes also saw a substantial increase in its order book, which grew by 59% to Rs 6,047 crore.

Recent news on Kaynes Technology:

As of January 22, 2025, Kaynes Technology India Ltd announced its board’s approval to raise ₹1,600 crore through methods like QIP, preferential allotment, or public/private offerings. A committee has been formed to oversee the fund-raising process.

Stock performance of Kaynes Technology for Period of 1 week, 6 months and 1 year:

Over the past week, Kaynes Technology India Ltd has seen a decline of 11.9%. However, the company has delivered a strong performance over the last six months, with a return of 20.3%, and an impressive 82.5% return over the past year.

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Shareholding pattern of Kaynes Technology:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	57.80%	57.80%	57.80%
FII	14.80%	14.90%	14.30%
DII	15.00%	16.10%	17.90%
Public	12.40%	11.30%	10.00%

About Kaynes Technology:

Kaynes Technology India Ltd. (NSE: KAYNES) is a leading integrated electronics manufacturer, offering end-to-end services across automotive, aerospace, defense, medical, IoT, and other sectors. With over three decades of experience, it specializes in design, engineering, manufacturing, and lifecycle support.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.