Kaynes technology is confident that it will receive revenue of Rs 2,900 crore in FY25, despite remembering its revenue and profit goals in Q3, the company’s entire time director and Chief Financial Officer, Jeram Sampat on Tuesday NDTV benefits Told it. He said that increase in capacity use and launch of new businesses will help the company achieve its revenue goals.
Kaynes Technology reported a revenue growth of 29.8% year-by-year, reaching Rs 661 crore, unanimously reduced to Bloomberg’s unanimously by Rs 796.6 crore. Its profit increased by 47.2% year-on-year to Rs 66 crore, which was less than Rs 88 crore.
“Our annual number should be close to Rs 2,800-2,900 and around Rs 2,900. The 60% increase is what we are targeting, ”he said.
Sampat said that the company aims to produce more than Rs 1,000 crore in revenue in the fourth quarter, causing it to reach a total revenue of Rs 2,900 crore for the entire financial year.
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