Strong order flows and margins to drive gains for Kaynes Technology

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Strong order flows and margins to drive gains for Kaynes Technology - Business Standard

Quick Summary:

Benefits from operating leverage helped the company report margins of 13.3 per cent.

Deepak Agarwal and Nikhil Kandoi of the brokerage expect the company’s revenue and operating profit to rise 59 per cent to 65 per cent over FY24-26.

Though the gross margins slid 349 basis points year-on-year on an unfavourable business mix to 27.3 per cent, the margin slip was contained at the operating level to 28 basis points.