Conference Call with Kennametal India Management and Institutional Analysts on Business Performance and Outlook. Listen to the full transcript.
Kennametal India announced Q4FY22 results: On a consolidated basis, sales grew to Rs 2,457 million, 7.8% higher as compared to the same quarter last fiscal. EBT (before exceptional items) was Rs 359 million, up 25.09% over the same quarter, last fiscal. KIL announced a 240% Interim dividend of Rs 24/- per share for FY22 as against Rs 20/- per share for FY21. 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.” Result PDF
Industrial Products Kennametal India declares Q3FY22 result: 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 Rs 2,390 Mn, 10.24% higher as compared to the same quarter last fiscal. EBT (before exceptional items) was Rs 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.” Result PDF
Highlights: On a consolidated basis, sales grew to INR 2,375 Mn, 21% higher as compared to the same quarter last fiscal. EBT (before exceptional items) was INR 378 Mn, up 99%. Commenting on the results, Vijaykrishnan Venkatesan, Managing Director, KIL said, “I am pleased to share that we made a commendable start to the fiscal by clocking a strong quarter. Our teams have worked relentlessly to meet all our stakeholders needs, while at the same time remaining focused on executing our core strategies, continuing our modernization initiatives, and improving Kennametal India’s organization competitiveness.” Result PDF