Kaynes Technology India Ltd Share Price – NSE  /  BSE

Consumer Durables, Small Cap

KMPL is proposing to undertake operations in electronics industry primarily in Karnataka, India.

Ramesh Kunhikannan and Jairam P Sampath, the promoters and directors of the company are appointed as directors in KMPL and represent Kaynes Tech in or on the board of KMPL.

Kaynes Mechatronics is incorporated with a paid-up capital of Rs 1 lakh to carry on the business of manufacturers, traders, dealers, wholesalers, retailers, importers, and exporters of high precision machining, sheet metal fabrication, dies, moulds, tool, fixtures making, plastic injection.

KMPL will also carry out other moulding, design and manufacturing of all mechanical assemblies including electronic part, parts of electrical, automotive, appliance, aerospace, defence, testing of assemblies and sub assemblies etc.

Kaynes Technology India (KTI) is an end-to-end and Internet of Things (IoT) solutions enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing (ESDM) services. Kaynes Technology reported 97.59% surge in consolidated net profit to Rs 45.19 crore on 76.17% jump in revenue from operations to Rs 509.29 crore in Q3 FY24 over Q3 FY23.

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KMPL is proposing to undertake operations in electronics industry primarily in Karnataka, India.

Ramesh Kunhikannan and Jairam P Sampath, the promoters and directors of the company are appointed as directors in KMPL and represent Kaynes Tech in or on the board of KMPL.

Kaynes Mechatronics is incorporated with a paid-up capital of Rs 1 lakh to carry on the business of manufacturers, traders, dealers, wholesalers, retailers, importers, and exporters of high precision machining, sheet metal fabrication, dies, moulds, tool, fixtures making, plastic injection.

KMPL will also carry out other moulding, design and manufacturing of all mechanical assemblies including electronic part, parts of electrical, automotive, appliance, aerospace, defence, testing of assemblies and sub assemblies etc.

Kaynes Technology India (KTI) is an end-to-end and Internet of Things (IoT) solutions enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing (ESDM) services.Kaynes Technology reported 97.59% surge in consolidated net profit to Rs 45.19 crore on 76.17% jump in revenue from operations to Rs 509.29 crore in Q3 FY24 over Q3 FY23.

The scrip ended 0.67% higher at Rs 2,795.10 on Friday, 16 February 2024.

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DigiLens Inc., a leading nanotechnology innovator in waveguide display technologies and headworn smartglasses, announced a collaborative partnership with India-based Kaynes Technology India to scale waveguide manufacturing.

Kaynes Technology, a leader in electronic component manufacturing for the space research, defense, aerospace, railway, healthcare, automotive, and other commercial sectors, is strategically positioned as a DigiLens licensee to scale waveguide manufacturing to aid in the delivery of DigiLens' flagship Augmented Reality (AR) device, the DigiLens ARGO™, in the Indian market.

Kaynes Technology and DigiLens will collaborate through Kaynes Semicon, a 100% subsidiary of Kaynes Technology, at their Green Field facility in Hyderabad. DigiLens' optical platform allows OEMs to create customizable, cost-effective waveguide-based AR experiences for both enterprise and consumer applications. DigiLens' optics are unique — they are manufactured from a proprietary photopolymer and low-cost holographic manufacturing process, which is more cost-effective than any other waveguide displays on the market.

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Net profit of Kaynes Technology India rose 97.60% to Rs 45.19 crore in the quarter ended December 2023 as against Rs 22.87 crore during the previous quarter ended December 2022. Sales rose 76.17% to Rs 509.29 crore in the quarter ended December 2023 as against Rs 289.09 crore during the previous quarter ended December 2022.

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