The sellers in the deal were Kadensa Master Fund and Bluepearl Map I LP. The transaction was executed at Rs 3,614.4 per share, a 3% discount to Wednesday’s closing price of Rs 3,724.50. BofA Securities bought the shares through its affiliate, BofA Securities Europe SA, with Kadensa and Bluepearl offloading 46,934 and 69,148 shares, respectively.
Company profile
Kaynes Technology India is a leading integrated electronics manufacturer offering end-to-end IoT solutions. It provides services across the entire ESDM spectrum, including conceptual design, process engineering, integrated manufacturing, and lifecycle support for clients in automotive, industrial, aerospace & defence, and railways.
Share price performance
The stock has been a market laggard, sliding 14% over the past year, underperforming the Nifty and BSE Sensex, which returned about 5% and 3%, respectively. Over the last six months, it has declined 48%, and in 2026 so far, it has slipped nearly 6%.
Q3 performance
Kaynes reported a 15% year-on-year consolidated profit growth of Rs 77 crore for the December quarter, up from Rs 67 crore a year ago. Total revenue rose 24% to Rs 849 crore from Rs 686 crore in Q3 FY25.
The company revised its FY25 revenue guidance down to Rs 2,800 crore from the earlier Rs 3,000 crore forecast.
EBITDA margin (excluding other income) improved by 50 basis points to 14.2% in Q3 FY25 from 13.7% a year ago, while PAT margin expanded 120 basis points to 10.1% from 8.9% in the corresponding quarter.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)