Kaynes Technology shares fall 20% after management cuts FY25 revenue guidance
Kaynes Tech reported a 30% growth in its revenue but it was below what analysts had expected. Net profit increased by 47% from last year but that was courtesy a jump in the company's other income. At 14.2%, the company's margins were in-line with expectations of analysts.
Kaynes Tech reported a 30% growth in its revenue but it was below what analysts had expected. Net profit increased by 47% from last year but that was courtesy a jump in the company's other income. At 14.2%, the company's margins were in-line with expectations of analysts.
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