Kinetic Engineering Limited (KEL) reported Q1 net sales of ₹353.40 million, down 10.7% year-over-year. EBITDA grew 13.3% to ₹35.80 million with an 8.7% margin. The company operates in Transmission, Driveline, and EV Components, serving major OEMs. KEL's sales are 66% domestic and 34% export. Strategic initiatives include expansion into EVs through subsidiary KWVL, battery manufacturing via associate company Micro Age Instruments, and EV powertrain solutions development. Promoter group increased shareholding to 61% with a ₹160.00 crore capital infusion.
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Kinetic Engineering Boosts Automobile Business with ₹10 Crore Investment in Subsidiary May 24, 2025
Kinetic Engineering Expands into EV Market with Brand Licensing Deal May 13, 2025
Kinetic Engineering Ltd Reports Mixed Q4 Results with Improved EBITDA but Lower Revenue May 13, 2025
Kinetic Engineering Limited (KEL) has announced the redemption of preference shares using proceeds from convertible warrants and received in-principle approval from BSE for a ₹177 crore investment. The investment plan, approved by 99.99% of shareholders, involves issuing 1,03,56,725 warrants convertible to equity shares at ₹171 each. The funds will be used for capital expenditure, tooling, growth initiatives, and expansion of its EV subsidiary. The investment will be made in phases over 18 months, with the first ₹55 crore due by March 31, 2025. Promoters aim to increase their stake from 59% to 70% by FY-2027.
21Feb 25
Kinetic Group Invests ₹50 Crore in EV Battery Manufacturing Plant
Kinetic Group is investing ₹50 crore to establish a battery manufacturing plant in Ahmednagar, Maharashtra, with an annual capacity of 60,000 battery packs for two- and three-wheeler EVs. The facility will produce LFP and NMC batteries, including Kinetic's proprietary Range X battery packs. This investment is part of a larger ₹177 crore plan to grow the company's EV business, aiming for ₹1,000 crore in EV revenue by 2029.