Kaynes Technology Shares Plunge 19% Amid Revenue Guidance Cut

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In a dramatic turn of events, shares of Kaynes Technology India Ltd plummeted by 19% on January 28, 2025, following the company’s unexpected announcement to revise its revenue guidance downward for the fiscal year.

The stock hit an intra-day low of ₹4,255, a stark contrast to its previous close of ₹5,268.05.The company reported a 30% year-on-year increase in revenue for the third quarter of FY25, reaching ₹661.1 crore.

However, this growth fell short of analysts’ expectations, raising concerns among investors.

The management revealed that delays in executing certain key orders within the industrial segment—valued at ₹100 crore—would push fulfillment into the next quarter, prompting the revision of their revenue forecast from ₹3,000 crore to ₹2,800 crore.

This latest decline adds to a troubling trend for Kaynes Technology, which has seen its stock price tumble 46% since peaking at ₹7,824.95 earlier this month.

While the company did report a slight improvement in its earnings before interest, tax, depreciation, and amortization (EBITDA) margin—now at 14.2%, up from 13.7% last year—investor sentiment remains shaky.

Despite these challenges, management maintains a positive outlook for future growth. With an impressive order book valued at ₹6,047 crore as of December 31, 2024, they believe there is strong revenue visibility for FY25 and beyond.

The focus remains on high-potential and high-margin segments to drive sustained growth.

As the market opened on January 28, Kaynes Technology shares were trading around ₹4,366.95 on the National Stock Exchange (NSE), reflecting ongoing volatility and caution among investors in light of the recent financial developments.

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