Kaynes Technology, a prominent player in the semiconductor market, is drawing significant attention from investors following recent insights shared by the company’s Whole Time Director and CFO, Jairam Sampat with CNBCTV 18. Sampat provided a detailed outlook on the company’s plans and expectations for the future of its business.
Kaynes Technology is making significant strides in the semiconductor market, with Sampat revealing the company’s ambitious target of generating ₹4,000 crore in revenue from its semiconductor unit in Gujarat by the fiscal year 2029-30. The company invested ₹3,300 crore to establish the semiconductor facility, which is centered on advanced packaging technologies aimed at improving margins.
According to Sampat, the company expects to receive approval for the unit by Q1 FY26 (April-June 2025), with revenue contributions starting by Q4 FY26 (January-March 2026). In the most recent quarter (Q2 FY25, July-September), Kaynes Technology reported impressive numbers, with ₹572 crore in revenue, a margin of 14.4%, and a profit after tax of ₹60 crore.
The Indian semiconductor market is poised for robust growth, with projections suggesting it will reach US$ 100.2 billion by 2032. This growth is driven by increasing demand for consumer electronics, automotive applications, and government-driven efforts to enhance self-reliance in semiconductor production.
The semiconductor industry is benefiting from the rise of the Internet of Things (IoT), Artificial Intelligence (AI), and wireless communication technologies. AI, in particular, is revolutionising industries, with applications in automotive technology, big data analytics, facial recognition, and machine learning reshaping data ecosystems. As a key player in the IoT space, Kaynes Technology is well-positioned to capitalise on this industry growth.
Read on to check the best semiconductor stocks in India for 2025.
Kaynes Technology has set a vision for the future, aiming to achieve a billion-dollar revenue target by FY 2027-28. This goal will be realised by expanding its Electronics System Design and Manufacturing (ESDM) capabilities and exploring new business areas, such as Outsourced Semiconductor Assembly and Test (OSAT).
Kaynes Technology shares have been performing well amongother semiconductor stocks in India, hitting an all-time high of ₹7,782.20 on December 19, 2024. Over the past year, the company’s stock has surged by an impressive 169.19%. On December 30, 2024, the stock opened at ₹7,081.00 and reached a day-high of ₹7,100.00 by 12:45 PM, reflecting continued investor confidence in the company’s growth trajectory.
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Published on: Dec 30, 2024, 2:38 PM IST
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