Business

Kennametal India total revenue crosses ₹1,000 cr.

Kennametal India Ltd.’s consolidated total revenue for the year ended June rose 16% to cross the ₹1,000-crore mark.

Net profit during the year soared by 56% to ₹114 crore, the company said in a regulatory filing.

For the fourth quarter, revenue from operations rose 27% to ₹269 crore, while total expenditure increased 26% to ₹232 crore. Net profit rose to ₹28 crore from ₹22 crore.

“Our steadfast focus on innovation and balancing horizontal deployment of proven solutions with new launches, enabled customers to achieve productivity and performance. Our growth initiatives, combined with commercial and operational efficiencies, helped us to achieve profitable growth in FY22. We will endeavour to progress in FY23,” said MD Vijaykrishnan Venkatesan.


Our code of editorial values

  1. Comments will be moderated by The Hindu editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.

Printable version | Aug 12, 2022 7:40:08 pm | https://www.thehindu.com/business/kennametal-india-total-revenue-crosses-1000-cr/article65761938.ece