Kennametal India EBT up 79.65% for quarter ending December 31, 2021

Kennametal India Limited (KIL) reported continued growth for the second consecutive quarter of FY22 (ending December 31, 2021), notwithstanding the industry challenges arising from cautious market sentiment in anticipation of the third wave of COVID, as well as other prevailing disruptions. On a consolidated basis, sales grew to ₹ 2,390 Mn, 10.24% higher as compared to the same quarter last fiscal. EBT (before exceptional items) was ₹ 406 Mn, up 79.65% over the same quarter, last fiscal. The company delivered strong performance in both the Hard Metals and Machine Tools segments with a broad-based growth across the key sectors of transportation, earthworks, energy, aerospace, and general engineering.

Commenting on the results, Vijaykrishnan Venkatesan, Managing Director, KIL said, "During this quarter, we continued to execute our strategic imperatives aimed at mitigating the volatility from continued global supply chain constraints. Our ability to manage the impact of commodity price increases, continued cost management and a focus on manufacturing excellence to deliver on customer commitments, has helped us perform on critical financial parameters."

Shares of Kennametal India Limited was last trading in BSE at Rs. 1908.25 as compared to the previous close of Rs. 1942.95. The total number of shares traded during the day was 1227 in over 270 trades.

The stock hit an intraday high of Rs. 1990.00 and intraday low of 1896.20. The net turnover during the day was Rs. 2371634.00.

Source : Equity Bulls

Keywords

KennametalIndia INE717A01029 Q2FY22 ResultUpdate H1FY22