Kennametal India Ltd. Results

Q1FY25 Quarterly Result Announced for Kennametal India Ltd.

Industrial Products company Kennametal India announced Q1FY25 results Registering sales of Rs 2,704 million, 4.8% higher as compared to Rs 2,579 million in the Q1FY24. Profit Before Tax (PBT) after exceptional item was Rs 337 million against Rs 262 million, up 28.6% over Q1FY24. Vijaykrishnan Venkatesan, Managing Director, Kennametal India sai: “In Q1, our team continued to deliver profitable growth through cost efficiency measures and strong topline growth. Our financial performance was supported by growth across our businesses with a focus on share gain initiatives, project solutions and new customer acquisition.”

Q1FY25 Quarterly Result Announced for Kennametal India Ltd.

Industrial Products company Kennametal India announced Q1FY25 results: Kennametal India Limited concluded Q4FY24, ended June 30, 2024, registering sales of Rs 3,024 million, 8.3% higher as compared to Rs 2,793 million in the same quarter last fiscal, driven by volume growth by the Hard Metal segment and a strong performance by the Machining Solutions Group. Profit Before Tax (PBT) was Rs 400 million against Rs269 million, up 48.7% over the same quarter, last fiscal. Commenting on the results, Vijaykrishnan Venkatesan, Managing Director, Kennametal India said, “Our financial performance was largely driven by domestic market growth and operational excellence leading to higher profitability. We saw robust orders by the Machining Solutions Group, delivering growth of over 20.5% for the quarter. We continued to execute our strategic imperatives, which drove profitable growth and maintained our focus on long-term value creation for our stakeholders.”

Q4FY24 Quarterly Result Announced for Kennametal India Ltd.

Industrial Products company Kennametal India announced Q4FY24 results: Sales: Rs 2,688 million, reflecting a 5.1% increase compared to Rs 2,557 million in the corresponding quarter of the previous fiscal year. Profit Before Tax (PBT): Rs 517 million, marking a substantial 135% increase compared to Rs 220 million in the same quarter of the previous fiscal year. The sales growth is primarily attributed to expansion in the domestic market, driven by both the Hard Metals and Machine Tools segments. The rise in PBT is mainly due to factors such as revenue growth, increased production volumes, and the impact of an exceptional item. KIL announced an Interim dividend of Rs 30/- per share for FY24 as against Rs 20/- per share for FY23. Commenting on the results, Vijaykrishnan Venkatesan, Managing Director, KIL said, “Our performance this quarter reflects the continued momentum in the domestic market. This quarter’s profit before tax is a result of strong domestic market demand and higher volumes and cost control initiatives. We continue to execute on our strategic imperatives of commercial excellence and operational excellence to drive profitable growth in our target end use segments.”

Q3FY24 Quarterly Result Announced for Kennametal India Ltd.

Industrial Products company Kennametal India announced Q3FY24 results: Sales were Rs 2,708 million, 1.5% lower as compared to Rs 2,748 million in the same quarter last fiscal year. Profit Before Tax (PBT) was Rs 334 million, 12.8% higher as compared to Rs 296 million in the same quarter last fiscal year. The overall sales were affected by softening market conditions, impacting both the Hard Metals and Machine Tools segments. Commenting on the results, Vijaykrishnan Venkatesan, Managing Director, KIL said, “Our focus on operational efficiency has helped improve our profitability both sequentially and on a year-over-year basis. As we leverage a profitable product mix, focus on share gain in high growth segments and new territories, and delivering value to customers through a ‘full solutions’ approach, we are well poised to drive sales and improve profitability.”