Incorporated in 1938, Kennametal India Ltd. is a 75%-owned subsidiary of Kennametal Inc. For the automotive, defence, railway, infrastructure, and general engineering markets, it makes carbide tools and speciality equipment. The production facility is in Bengaluru.
Financial Results:
- Kennametal India Limited reported Total Income for Q4FY23 of ₹ 257 Crores up from ₹ 248 Crore year on year, a rise of 4%.
- Total Expenses for Q4FY23 of ₹ 235 Crores up from ₹ 212 Crores year on year, rise of 11%.
- Consolidated Net Profit of ₹ 15.6 Crores, down 42% from ₹ 26.9 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹ 7.10, up 42% from ₹ 12.24 in the same quarter of the previous year.