Kennametal India Limited concluded Q4 FY24, which ended on June 30, 2024, with sales totalling Rs 3,024 million, marking an increase of 8.3 per cent compared to Rs 2,793 million in the same quarter of the previous fiscal year.
The company attributed the growth to increased sales volumes in the hard metal segment and a strong performance by the Machining Solutions Group.
The Profit Before Tax (PBT) stood at Rs 400 million, up 48.7 per cent from Rs 269 million in the same quarter last fiscal year.
Commenting on the performance, Vijaykrishnan Venkatesan, Managing Director of Kennametal India, said, "Our financial performance was driven by domestic market growth and operational excellence, resulting in higher profitability. We experienced strong orders from the Machining Solutions Group, leading to a growth of over 20.5 per cent for the quarter. We remained focused on executing our strategic imperatives, contributing to profitable growth and long-term value creation for our stakeholders."