Kennametal India Limited reported strong financial results for the fourth quarter of FY24, ending on June 30, 2024, with sales reaching ₹3,024 million, marking an 8.3% increase compared to ₹2,793 million in the same period last year.
This growth was driven by increased volumes in the Hard Metal segment and robust performance from the Machining Solutions Group. Profit Before Tax (PBT) surged by 48.7% to ₹400 million, up from ₹269 million in the corresponding quarter of the previous fiscal year.
Vijaykrishnan Venkatesan, Managing Director of Kennametal India, attributed the strong financial performance to domestic market growth and operational efficiency, which significantly boosted profitability.
He noted that the Machining Solutions Group saw a robust order intake, achieving growth of over 20.5% for the quarter. Venkatesan emphasized that the company’s strategic initiatives have continued to drive profitable growth, with a sustained focus on creating long-term value for stakeholders.
Kennametal India Limited is a subsidiary of Kennametal Inc., a U.S.-based global leader in industrial technology. With over 80 years of expertise, Kennametal Inc. provides advanced materials science, tooling, and wear-resistant solutions to customers in industries such as aerospace, earthworks, energy, general engineering, and transportation. The company’s approximately 8,600 employees operate in more than 60 countries, helping customers achieve precision and efficiency in manufacturing. In fiscal 2024, Kennametal Inc. reported revenues of approximately $2.1 billion.
