Kennametal India sales higher by 4.8 for Q1 FY25 PBT up 28.6

Bengaluru (Karnataka) [India] November 8: Kennametal India Limited concluded Q1 FY25, ended September 30, 2024, registering sales of ₹ 2,704 Mn, 4.8% higher as compared to ₹ 2,579 Mn in the same quarter last fiscal year, driven by volume growth in both the Hard Metal and Machining Solutions Group businesses. Profit Before Tax (PBT) after exceptional item was ₹337 Mn against ₹262 Mn, up 28.6% over the same quarter, last fiscal year.

Commenting on the results, Vijaykrishnan Venkatesan, Managing Director, Kennametal India said, “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.”

Kennametal India Limited is a subsidiary of Kennametal Inc., USA. With over 80 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling, and wear-resistant solutions. Customers across aerospace, earthworks, energy, general engineering, and transportation turn to Kennametal to help them manufacture with precision and efficiency.

(Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR
PWR

(This story has not been edited by THE WEEK and is auto-generated from PTI)