Kaynes Technology unit inks pact with Japanese Fujitsu General Electronics for 1.59 billion yen

Kaynes Technology on Tuesday, June 10, said that its wholly-owned subsidiary, Kaynes Semicon Private Ltd, inked a pact worth 1.59 billion Yen with Japan’s Fujitsu General Electronics.

The electronics manufacturing company entered into an asset purchase agreement (APA) on June 9, 2025, to purchase product lines for power modules and identified assets from Fujitsu Electronics, Kaynes said in a regulatory filing.

The agreement, valued at 1.59 billion (or 1,59,11,59,889) Japanese Yen, is subject to the terms, conditions, representations, indemnities and warranties mentioned in the APA.

Kaynes Technology Q4 results

Kaynes Technology reported a 43% year-on-year (YoY) surge in its net profit to ₹116 crore in the March FY25 quarter, compared to ₹81.3 crore in the corresponding period last year.

The company’s revenue from operations stood at ₹984 crore in the quarter under review, jumping 54% YoY from ₹637 crore in the fourth quarter of FY24.

On the operational front, its EBITDA (earnings before interest, tax, depreciation and amortisation) grew 76% YoY to ₹167 crore, as against ₹95 crore in Q4FY24. Kaynes’ EBITDA margin was at 17.1%, up by 211 basis points from 15.1%.

Kaynes Technology share performance

Shares of Kaynes Technology closed in the red at ₹5,583.5 apiece, down 1.25% on the National Stock Exchange (NSE) on Tuesday. However, the pact was announced after the market closed.

Kaynes Tech’s stock has been in the spotlight, falling 4.16% over the last week and 6.63% since the beginning of June. However, it has gained 17.61% over two months. The scrip slipped 24.73% on a year-to-date basis.

The stock hit a 52-week high of ₹7,822 on January 1, 2025, and a low of ₹3,312.05 on June 10, 2024.

Kaynes Technology has a total market capitalisation of ₹35,896.82 crore, as of June 10, 2025, on the NSE.