Kennametal India Ltd concluded Q4 FY24, ended June 30, 2024, registering sales of INR 3,024 million, 8.3 percent higher as compared to INR 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 INR 400 million against INR 269 million, up 48.7 percent over the same quarter last fiscal.

On the results, Vijaykrishnan Venkatesan, Managing Director, Kennametal India, commented, “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 percent 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.”

For more information: www.kennametal.com