Kinetic Engineering Makes a Comeback with DX Electric Scooter Launch Jul 28, 2025
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
More news about Kinetic Engineering
13May 25
Kinetic Engineering Ltd Reports Mixed Q4 Results with Improved EBITDA but Lower Revenue
Kinetic Engineering Ltd's Q4 results show a 12.29% increase in EBITDA to ₹33.80 crore and improved EBITDA margin of 8.77%. However, revenue declined by 5.31% to ₹385.40 crore, and net profit decreased by 18% to ₹8.20 crore year-over-year. The company demonstrated significant quarter-on-quarter improvement, recovering from a ₹32.70 crore loss in the previous quarter to a ₹8.20 crore profit in Q4.
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.