Kinetic Engineering Reports Strong H1 Results Amid New EV Initiatives

Kinetic Engineering reports a 485% growth in net profit in H1 FY 24 with growing revenues. Profit increases by 485% from ₹54 Lakh in H1 FY23 to ₹316 Lakh in H1 FY24. The company has commenced supply of various parts, including fully painted & CED coated frames, swing arms & main stands amongst others, for E-Luna, the new-age, electric iteration of the iconic moped; ramping up production steeply to cater to the high consumer demand, from 40,000 annually to 100,000 in the coming months. KEL’s new EV initiative has launched and secured orders for transmission assemblies for e-rickshaws and e-autos up to 5 kW. KEL inaugurated a new world-class facility in Ahmednagar to produce high-quality gears and shafts for its premium customer, Mahindra & Mahindra; the dedicated plant consists of an exclusive shed with epoxy flooring, and exclusive CNC machines. Catch Sakshi Batra with Ajinkya Firodia, Managing Director of Kinetic Engineering discussing the company’s results.