Kindy find enclosed the outcome of the Board Meeting held on February 5, 2026
KENNAMET · price
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Kennametal India reported Q2 FY26 revenue of ₹3,340 million, up 16.4% year-on-year from ₹2,870 million. Profit Before Tax rose 9% to ₹353 million (including a one-time ₹34 million charge from new labour codes), while net profit grew to ₹244 million from ₹222 million. For the first half of FY26, revenue stood at ₹6,300 million and net profit at ₹558 million, with EPS of ₹25.39. The statutory auditor Price Waterhouse issued a clean limited review report with no qualifications. The Board also approved seeking shareholder approval via postal ballot for material related party transactions with parent entities Kennametal Inc. and Kennametal Europe GmbH, and appointed KPMG as internal auditors for FY26-27 replacing the incumbent.
Strong double-digit revenue growth and steady profit expansion, supported by hard metal segment outperformance, signal healthy business momentum for shareholders. The related party transactions with parent group companies are routine but require shareholder consent, reflecting ongoing inter-group business activity.