Kaynes Tech stock soars over 16% as Q4 results beat Street estimates
Kaynes Tech's consolidated net profit jumped 96.8 percent YoY in Q4FY24, while revenue from operations increased 74.8 percent YoY
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Kaynes Tech's consolidated net profit jumped 96.8 percent YoY in Q4FY24, while revenue from operations increased 74.8 percent YoY
CEO Raghu Panicker said the company plans to differentiate itself from other OSATs in India with and is planning roadshows in Malaysia and The Philippines to attract top talent.
Kaynes broke ground in Kongara Kalan near Hyderabad in October last year and proposed to invest Rs 2,850 crore there.
Kaynes Technology: Jayesh Ranjan, special chief secretary to Government of Telangana, industries & commerce department, & information technology, electronics and communications, told ET, "To the best of our knowledge, we are not aware of Kaynes shifting their OSAT project to any other State."
The subsidiary of the India's EMS Kaynes Technology is looking at several sites for the proposed facility across Hyderabad, Ahmedabad, and Bhubaneswar.