Kennametal India Limited (KIL) continued its growth momentum in the third quarter of FY22 (ending March 31, 2022), registering strong performance on all key financial parameters. On a consolidated basis, sales grew to ₹ 2,457 Mn, 7.8% higher as compared to the same quarter last fiscal. EBT (before exceptional items) was ₹ 359 Mn, up 25.09% over the same quarter, last fiscal. The company sustained growth across the Hard Metals and Machine Tools segments, despite the current macroeconomic and geopolitical tensions.
Commenting on the results, Vijaykrishnan Venkatesan, Managing Director, KIL said, "Our performance has been consistent as we have clocked growth over a strong base last year amid the prevailing market uncertainties. With commodity prices witnessing an unprecedented surge and industries grappling with various supply chain constraints, we continue to remain focused on diversifying our customer base, growing through new product launches to enhance customer value, and augmenting our internal efficiencies."
KIL announced a 240% Interim dividend of ₹ 24/- per share for FY22 as against ₹ 20/- per share for FY21.
Shares of Kennametal India Limited was last trading in BSE at Rs. 1707.30 as compared to the previous close of Rs. 1742.60. The total number of shares traded during the day was 3978 in over 944 trades.
The stock hit an intraday high of Rs. 1767.00 and intraday low of 1530.15. The net turnover during the day was Rs. 6628777.00.