Tue Jan 28 04:40:00 UTC 2025: ## Kaynes Technology Shares Plummet 20% After Revenue Guidance Cut
**MUMBAI, INDIA – January 28, 2024** – Shares of Kaynes Technology India Ltd., a semiconductor manufacturing company, experienced a significant drop of 20% today, trading at ₹4,231.4, after the company revised its fiscal year 2025 (FY25) revenue projection downward. The revised guidance stands at ₹2,800 crore, a reduction from the previously announced ₹3,000 crore.
Despite the lowered forecast, the company reported strong third-quarter results. Revenue from operations climbed 29.8% year-on-year to ₹661.1 crore, compared to ₹509.2 crore in the same period last year. EBITDA also saw a substantial increase of 35%, reaching ₹94 crore from ₹69.7 crore.
However, the market reacted negatively to the reduced revenue expectations for FY25, pushing the stock down 40% from its recent peak of ₹7,822. Analysts are closely watching the company’s performance and future guidance for further clarity.
First Piper 