Kaynes Technology announces FY25 results, plans equity share placement

Kaynes Technology India (BSE:KAYNES) today announced the approval of its audited consolidated financial statements for the year ended March 31, 2025. The financial results reflect total assets of INR46,412.17 million compared to INR32,651.77 million from last year, equity reaching INR28,442.32 million and revenue from operations reaching INR27,217.52 million. The company reported a profit after tax of INR2,934.33 million. In conjunction with the release, the Board has authorized a qualified institutions placement (QIP) of equity shares with a face value of INR10 each. The Fund Raising Committee authorized the opening of the issue on June 19, 2025, setting a floor price of INR5,625.75 per equity share. The company retains the discretion to offer a discount of up to 5% on the floor price, as per shareholder approval.