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Kennametal India Limited Q4FY23 Earnings Story

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.
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