Kindy find hereunder the outcome of the Board Meeting held today: 1. Approval of un-audited Financial Results of the Company for the third quarter and nine months ended March 31, 2025 2. ....
KENNAMET · price
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Awaiting price reaction for this filing.
Kennametal India reported Q3 FY25 revenue from operations of ₹2,896 Mn, up 7.7% YoY from ₹2,688 Mn, driven by growth in Hard Metals and Machine Tools segments. Nine-month FY25 revenue stood at ₹8,469 Mn vs ₹7,975 Mn. However, Q3 profit before tax fell sharply to ₹328 Mn from ₹517 Mn (Q3 FY24, which included a ₹127 Mn one-time tax refund interest), and net profit dropped to ₹244 Mn from ₹383 Mn, indicating margin pressure despite topline growth. The Board declared a higher interim dividend of ₹40/share (400%) vs ₹30/share last year, citing strong cash flows, with record date May 28, 2025. The Board also approved seeking shareholder approval via postal ballot for material related party transactions with parent Kennametal Inc. and Kennametal Europe GmbH, re-appointment of MD Vijaykrishnan Venkatesan for 5 years, and appointment of Mr. Faisal Saad Hamadi as Non-Executive Director. The statutory auditor (Price Waterhouse) issued a clean limited review report with no qualifications or adverse remarks.
Revenue growth is positive, but the sharp YoY decline in profits despite higher sales signals significant margin compression that may concern investors. The 33% jump in interim dividend and strong cash flow commentary are shareholder-friendly positives. Pending shareholder approvals for related party transactions with the US and European parent entities are routine for subsidiaries but worth noting.