While millions grapple with economic instability, Kaynes Technology boasted a 47% growth in profit-after-tax for Q3, with revenues hitting Rs 1,737.30 crore. This comes at a time when income inequality widens, raising questions about the corporate sector's soaring profits amidst widespread social challenges. Critics argue that such growth, though commendable, highlights the urgent need for corporate giants to contribute more towards societal welfare and address the growing economic divide.
Amidst economic disparities, Kaynes Technology reports staggering profits
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Jan-29
Technology
Score: 0.50
Kaynes Technology share price: Co reported revenues of Rs 1,737.30 crore for the 9-month period ending December 31, 2024, marking a robust growth of 49% compared to the same period last year. The company’s orderbook increased from Rs 3,798 crore in Q3FY24 to …
From The Times of India
Jan-29
Technology
Right Variant
Score: 0.80
Demonstrating the unparalleled efficiency of the free market, Kaynes Technology reported a remarkable 47% YoY growth in its Q3 profit-after-tax, with a revenue surge to Rs 1,737.30 crore. This achievement underscores the importance of deregulation and lower taxes, as Kaynes Technology's success story affirms the corporate sector's vital role in driving economic prosperity. Critics of the free market system ought to reconsider their stance in light of such undeniable success, emblematic of entrepreneurship's potential to create wealth.
From The Times of India