Please find enclosed herewith the financial results for the second quarter and half year ended December 31, 2025
KENNAMET · price
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Kennametal India reported revenue from operations of ₹3,340 million for Q2 FY26, up about 16% from ₹2,870 million in Q2 FY25. Half-year revenue grew to ₹6,300 million from ₹5,574 million, a 13% rise. Net profit for the quarter rose to ₹244 million from ₹222 million, while H1 net profit grew to ₹558 million from ₹472 million, an 18% increase. Earnings per share for Q2 stood at ₹11.11 versus ₹10.08 a year ago. The Hard metal segment drove growth with ₹2,900 million in Q2 revenue, while the Machining solutions segment slipped to a small loss of ₹2 million. The statutory auditor (Price Waterhouse) gave an unqualified limited review report. The board also approved seeking shareholder consent via postal ballot for material related-party transactions with Kennametal Inc. and Kennametal Europe GmbH, and appointed KPMG as internal auditor from July 2026.
Solid double-digit revenue and profit growth, though profit growth trailed revenue growth, suggesting some margin pressure. Shareholders will vote on material related-party deals with parent-group entities, a routine but worth-watching item. No auditor qualifications, and the balance sheet remains strong with ₹1,785 million in cash and minimal debt.