Kennametal India Limited reported strong financial results for the quarter ended March 31, 2026, with revenue from operations rising 39% year-on-year to ₹4,031 million from ₹2,896 million in the corresponding quarter of the previous year. Net profit for the quarter doubled to ₹514 million compared to ₹244 million in the year-ago period. Profit Before Tax (PBT) surged 111% to ₹692 million from ₹328 million in Q4FY25. EBITDA for the quarter more than doubled to ₹770 million from ₹399 million in the year-ago period, with EBITDA margin expanding to 19.10% from 13.78% YoY. The Board of Directors also declared an interim dividend of ₹40 per equity share of ₹10 each (400%) for FY26, with a record date fixed as May 15, 2026. The unaudited financial results for the quarter and nine months ended March 31, 2026 were reviewed by the Audit Committee and approved at the Board meeting held on May 7, 2026.

Q4FY26 Financial Performance

The company's quarterly results reflect broad-based improvement across key financial metrics. The following table summarizes the year-on-year and sequential comparison for the quarter ended March 31, 2026:

Nine-Month Performance

For the nine months ended March 31, 2026, Kennametal India's cumulative performance also showed significant improvement over the comparable prior-year period. Revenue from operations for the nine-month period stood at ₹10,331 million versus ₹8,469 million in the nine months ended March 31, 2025. Net profit for the nine months rose to ₹1,072 million from ₹716 million, while PBT grew to ₹1,479 million from ₹989 million. Total comprehensive income for the nine months ended March 31, 2026 was ₹1,046 million compared to ₹706 million in the prior-year period.

Segment-Wise Performance

The Hard Metal and Hard Metal Products segment remained the primary revenue driver for the quarter, contributing ₹3,623 million in Q4FY26, up from ₹2,486 million in Q4FY25. The Machining Solutions segment contributed ₹408 million in Q4FY26 compared to ₹410 million in the year-ago quarter. At the segment results level, Hard Metal and Hard Metal Products reported a profit of ₹829 million for the quarter versus ₹406 million in Q4FY25, while the Machining Solutions segment reported a loss of ₹44 million against a loss of ₹8 million in the corresponding prior-year quarter.

Total segment assets as of March 31, 2026 stood at ₹11,393 million, up from ₹10,220 million as of March 31, 2025, while total segment liabilities rose to ₹2,869 million from ₹2,179 million over the same period.

Management Commentary & Dividend

Commenting on the performance, Vijaykrishnan Venkatesan, Managing Director, Kennametal India, said, "Our strong performance during the quarter reflects our ability to leverage our diversified product portfolio and capitalize on favorable macroeconomic conditions to drive volume expansion. At the same time, we are actively managing our tungsten supply chain and remain focused on operational excellence to meet our customers' needs." The Board declared an interim dividend of ₹40 per equity share for FY26 and fixed May 15, 2026 as the record date for determining shareholder eligibility. The statutory auditors, M/s. Price Waterhouse & Co Chartered Accountants LLP, issued a limited review report with no qualifications or adverse remarks on the unaudited financial results.

Postal Ballot & Corporate Governance

The Board also decided to seek shareholder consent through a Postal Ballot process for approval of material related party transactions. The resolutions to be voted upon are detailed below:

The Board approved the appointment of Mr. Vijayakrishna K T, Practising Company Secretary (FCS No.: 1788, COP No.: 980), as the Scrutinizer for conducting the Postal Ballot and e-voting process in a fair and transparent manner. May 8, 2026 was fixed as the cut-off date for determining the eligibility of shareholders to vote on the Postal Ballot proposals.

Key Highlights

• Revenue from operations grew 39% YoY to ₹4,031 million in Q4FY26 from ₹2,896 million in Q4FY25.
• Net profit doubled to ₹514 million in Q4FY26 from ₹244 million in Q4FY25.
• EBITDA more than doubled to ₹770 million from ₹399 million YoY; EBITDA margin expanded to 19.10% from 13.78%.
• PBT surged 111% YoY to ₹692 million from ₹328 million.
• Nine-month net profit rose to ₹1,072 million from ₹716 million YoY.
• Interim dividend of ₹40 per equity share declared for FY26; record date set as May 15, 2026.
• Postal Ballot initiated for shareholder approval of material related party transactions with Kennametal Inc. and Kennametal Europe GmbH.