KAYNES IN EQUITY
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| ₹ CR · FY | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | YOY |
|---|---|---|---|---|---|---|---|
| Profit & loss | |||||||
| Revenue | 420 | 706 | 1,126 | 1,805 | 2,722 | 3,626 | +33.2% |
| Operating profit | 42 | 95 | 170 | 257 | 416 | 578 | +38.9% |
| OPM % | 10.0% | 13.5% | 15.1% | 14.2% | 15.3% | 15.9% | |
| Interest | 25 | 27 | 36 | 56 | 106 | 121 | +14.2% |
| Profit before tax | 11 | 59 | 126 | 232 | 372 | 504 | +35.5% |
| Net profit | 10 | 42 | 95 | 183 | 293 | 364 | +24.2% |
| NPM % | 2.4% | 5.9% | 8.4% | 10.1% | 10.8% | 10.0% | |
| Balance sheet & cash | |||||||
| Total assets | 419 | 622 | 1,419 | 3,265 | 4,641 | 6,894 | +48.5% |
| Equity | 139 | 202 | 959 | 2,487 | 2,840 | 4,748 | +67.2% |
| Debt | 148 | 189 | 155 | 323 | 903 | 913 | +1.1% |
| Cash from ops | 28 | 21 | -42 | 88 | -82 | -600 | −631.7% |
| Capex | — | — | — | — | — | — | — |
| CHECK | RESULT | VALUE |
|---|---|---|
| Net profit positive | ✓ PASS | 364 |
| Operating cash flow positive | ✗ FAIL | -600 |
| ROA improved | ✗ FAIL | 6.3% → 5.3% |
| Cash from ops > net profit | ✗ FAIL | -1.65× |
| Leverage fell | ✓ PASS | 0.19 → 0.13 |
| Current ratio improved | n/a | — → — |
| Gross margin improved | ✓ PASS | 15.3% → 15.9% |
| Asset turnover improved | ✗ FAIL | 0.59 → 0.53 |
| Interest cover above 3× | ✓ PASS | 4.8× |
| ₹ CR · QUARTER | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | YOY |
|---|---|---|---|---|---|---|---|---|---|
| Profit & loss | |||||||||
| Revenue | 572 | 661 | 984 | 673 | 906 | 804 | 1,243 | 946 | +40.6% |
| Operating profit | 82 | 94 | 168 | 113 | 148 | 119 | 194 | 148 | +31% |
| OPM % | 14.3% | 14.2% | 17.1% | 16.8% | 16.3% | 14.8% | 15.6% | 15.6% | |
| Interest | 22 | 27 | 29 | 28 | 23 | 25 | 41 | 37 | +32.1% |
| Profit before tax | 85 | 81 | 142 | 96 | 152 | 116 | 140 | 88 | −8.3% |
| Net profit | 60 | 66 | 116 | 75 | 121 | 77 | 91 | 56 | −25.3% |
| NPM % | 10.5% | 10.0% | 11.8% | 11.1% | 13.4% | 9.6% | 7.3% | 5.9% |