Kaynes Technology India's Consolidated Profit Rises in Fiscal Q1; Shares Jump 10%

MT Newswires Live
07/31

Kaynes Technology India's (NSE:KAYNES, BOM:543664) consolidated profit rose to 746.1 million Indian rupees in the fiscal first quarter ended June 30 against 507.8 million rupees a year ago.

Earnings per share came in at 11.52 rupees compared with 7.84 rupees a year earlier, the IT solutions company said in a filing to the Indian stock exchanges on Thursday.

Revenue from operations in fiscal Q1 also increased to 6.73 billion rupees from 5.04 billion rupees a year ago.

The company's shares surged over 10% in recent trade.

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