Kennametal India Reports 39% Surge in Q3 Revenue to ₹403 Crore, with Net Profit Doubling to ₹51 Crore.

In the quarter ended March 2026, Kennametal India exhibited robust financial performance, with revenue soaring 39% year-on-year to reach Rs 403 crore. This significant growth underscores the strong demand for hard metal products, which has been a key driver for the company’s top line. Comparatively, in the same quarter of the previous year, the company reported revenues of Rs 290 crore. Notably, net profit more than doubled to Rs 51 crore from Rs 24 crore, demonstrating effective operational management and strategic positioning within a favorable market environment.

The company’s success can be attributed to a noticeable increase in segment revenues for hard metals, which rose to Rs 403 crore from Rs 334 crore year-over-year. However, total expenses also climbed to Rs 338 crore, primarily influenced by increased raw material costs, which grew to Rs 128 crore from Rs 78 crore. Despite these rising costs, the overall increase in revenue facilitated a substantial boost to the bottom line, reflecting the company’s ability to navigate a challenging economic landscape while capitalizing on growth opportunities.

Looking ahead, Kennametal India’s Managing Director, Vijaykrishnan Venkatesan, highlighted the company’s proactive management of the tungsten supply chain and commitment to operational excellence to adapt to customer needs. The declaration of an interim dividend of Rs 40 per share for FY26 further reinforces the company’s strong financial standing. As the stock closed at Rs 2,831 on the BSE, investor confidence appears to be bolstered by the impressive quarterly results and the company’s strategic initiatives aimed at sustaining growth.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova team.)