Kennametal India delivered exceptional quarterly results with revenue rising 39% to ₹403 crore in the quarter ended March 2026, compared to ₹290 crore in the same period last year. According to reports from The Economic Times, the company's net profit more than doubled to ₹51 crore from ₹24 crore in the corresponding quarter of the previous fiscal year. The Bengaluru-based industrial toolmaker's strong performance was driven by robust demand for hard metal products and successful volume expansion strategies.
The company's hard metals and hard metal products segment revenues increased to ₹403 crore from ₹334 crore year-on-year, as reported by The Economic Times. However, total expenses climbed to ₹338 crore from ₹261 crore, primarily due to rising raw material costs which increased to ₹128 crore from ₹78 crore. Despite higher input costs, the company maintained strong profitability through effective operational management and favorable market conditions.
Vijaykrishnan Venkatesan, Managing Director of Kennametal India, attributed the strong performance to the company's ability to leverage its diversified product portfolio and capitalize on favorable macroeconomic conditions. As reported by The Economic Times, he emphasized the company's active management of tungsten supply chain and focus on operational excellence to meet customer needs. The management highlighted their strategic approach to managing raw material costs while maintaining growth momentum.
Kennametal India declared an interim dividend of ₹40 per share for FY26, demonstrating the company's commitment to returning value to shareholders. According to The Economic Times, the stock closed at ₹2,831 on the BSE on Thursday, reflecting positive market sentiment following the strong quarterly results.
