Industrial tool manufacturer Kennametal India posted higher revenue in the December quarter of FY26, driven by strong demand for hard metal and hard metal products. According to reports from The Economic Times, net income rose 9% to ₹24 crore in the December quarter of FY26 from a year earlier. Revenue increased 16% to ₹334 crore, compared to ₹287 crore in the year ago period. The company's diversified portfolio and customer-centric approach helped drive these results, as stated in the company's official statement. Latest market data shows the stock closed at ₹2,140 on the Bombay Stock Exchange (BSE) on Thursday, as reported by The Economic Times.
Hard metal and hard metal products generated ₹290 crore in revenue, up from ₹246 crore in the same period last year, followed by machine solutions. As reported by The Economic Times, this segment's strong performance was the primary driver of the company's overall revenue growth. The company's focus on hard metal products appears to have paid off significantly in the current quarter. The latest quarterly results show continued strength in this segment, with the company maintaining its leadership position in hard metal manufacturing.
Expenses climbed 16% to ₹301 crore in December quarter of FY26 from ₹258 crore a year earlier, led by cost of materials consumed at ₹99 crore from ₹81 crore, alongside higher purchase of stock in trade and employee benefits expenses. According to the company's financial disclosure, these increased costs reflect the higher material requirements and employee benefits associated with the company's growth trajectory. The company's ability to manage these cost pressures while maintaining strong revenue growth demonstrates operational efficiency.
The stock closed at ₹2,140 on the Bombay Stock Exchange (BSE) on Thursday, as reported by The Economic Times. The company stated it remains focused on advancing manufacturing excellence, expanding market presence and delivering shareholder value as part of its long-term growth strategy. This performance demonstrates the company's ability to capitalize on strong market demand while maintaining operational efficiency. The latest market data shows continued investor confidence in the company's prospects.
