Please find enclosed copy of Press Release dated May 15, 2025
KENNAMET · price
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Awaiting price reaction for this filing.
Kennametal India reported Q3 FY25 (quarter ended March 31, 2025) sales of ₹2,896 million, up 7.7% year-on-year from ₹2,688 million in the same quarter last year. Profit Before Tax (PBT) stood at ₹328 million, down sharply from ₹517 million in the year-ago quarter, though sequentially flat versus Q2. The topline growth was driven by the domestic market across both Hard Metals and Machine Tools segments. The company also announced an interim dividend of ₹40 per share for FY25, higher than ₹40 per share for FY24, supported by strong cash flows.
Positive for shareholders on revenue growth and a higher interim dividend, but the sharp drop in PBT raises concerns about margin pressure and may temper near-term stock sentiment.