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Industrial Products company Kennametal India announced Q3FY24 results:
- Sales were Rs 2,708 million, 1.5% lower as compared to Rs 2,748 million in the same quarter last fiscal year.
- Profit Before Tax (PBT) was Rs 334 million, 12.8% higher as compared to Rs 296 million in the same quarter last fiscal year.
- The overall sales were affected by softening market conditions, impacting both the Hard Metals and Machine Tools segments.
Commenting on the results, Vijaykrishnan Venkatesan, Managing Director, KIL said, “Our focus on operational efficiency has helped improve our profitability both sequentially and on a year-over-year basis. As we leverage a profitable product mix, focus on share gain in high growth segments and new territories, and delivering value to customers through a ‘full solutions’ approach, we are well poised to drive sales and improve profitability.”
