Kennametal India Approves Rs 68 Crore Greenfield Project and Reports Robust Q2 Performance

Kennametal India Limited (KIL) has reported a strong financial performance for the second quarter, demonstrating significant growth across key financial metrics. Additionally, the company has approved a new greenfield project and released its first quarter results.

Financial Highlights

Metric	Q2	Previous Q2	YoY Change
Revenue	₹2,960.00 crore	₹2,704.00 crore	9.47% ↑
Net Profit	₹314.00 crore	₹250.00 crore	25.60% ↑
EBITDA	₹527.00 crore	₹424.00 crore	24.30% ↑
EBITDA Margin	17.80%	15.68%	212 bps ↑

Kennametal India has delivered a robust performance in Q2, with revenue climbing to ₹2,960.00 crore, marking a 9.47% increase from ₹2,704.00 crore in the same quarter last year. The company's net profit saw a substantial rise of 25.60%, reaching ₹314.00 crore compared to ₹250.00 crore in the previous year's Q2.

Operational Performance

The company's operational efficiency is evident in its improved EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), which grew by 24.30% year-over-year to ₹527.00 crore. The EBITDA margin expanded by 212 basis points, from 15.68% to 17.80%, indicating enhanced operational profitability.

Segment Performance

Kennametal India's performance was driven by strong results across its business segments:

Hard Metal and Hard Metal Products: This segment continued to be the primary revenue generator, contributing ₹2,639.00 crore to the total revenue.
Machining Solutions: The Machining Solutions segment reported revenue of ₹321.00 crore, showing growth and diversification in the company's product offerings.

Strategic Initiatives and New Developments

The Board of Directors has approved pre-project activities and capital expenditure of approximately ₹68 crore for setting up a greenfield project in India for the MSG (Machining Solutions Group) Business. This initiative includes various initial studies, land identification, and preparation of a detailed feasibility report, signaling the company's commitment to long-term growth and expansion in the Indian market.

In a separate development, Kennametal India's Board of Directors approved unaudited financial results for the first quarter ended September 30, during a meeting held on November 5. The statutory auditors M/s. PriceWaterhouse Co Chartered Accountants LLP issued a limited review report with no qualifications or adverse remarks.

Management Commentary

Vijaykrishnan Venkatesan, Managing Director of Kennametal India, commented on the Q2 performance: "Our Q2 performance is driven largely by continued momentum in key end markets, strategic growth initiatives, and disciplined operational execution. The strength of our differentiated portfolio across the Hard Metal segment as well as the Machining Solutions Group enabled our customers to solve their most complex manufacturing challenges."

Future Outlook

Kennametal India remains focused on advancing manufacturing excellence, expanding its market presence, and delivering value to shareholders. The company's strategic investments, including the new greenfield project, and strong performance across segments position it well for continued growth.

The robust Q2 results, strategic initiatives, and approval of the new greenfield project underscore Kennametal India's strong market position and its ability to capitalize on growth opportunities in the industrial technology sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.18%	-3.14%	+3.99%	-12.81%	-30.16%	+157.43%

Kennametal India Limited , a prominent player in the manufacturing sector, has announced a significant addition to its leadership team. The company has appointed Mr. G. Devanathan as Director - Manufacturing & Factory Manager, effective October 16, 2025. This strategic move, approved by the Board of Directors based on the Nomination and Remuneration Committee's recommendation, aims to strengthen Kennametal India's manufacturing capabilities.

New Leadership Profile

Mr. Devanathan brings a wealth of experience to his new role at Kennametal India. Here's a snapshot of his qualifications and experience:

Aspect	Details
Education	- Mechanical Engineer from Thiagarajar College of Engineering - Postgraduate (MS) degree in Manufacturing Management from BITS, Pilani
Experience	Over 29 years in process engineering, production, and plant operations
Previous Roles	Worked with organizations including: - TVS Interconnect Systems Limited - Gabriel India Limited - Tenneco Automotive India Private Limited
Key Achievements	- Oversaw 5 plants and 3,000 employees - Drove revenue of approximately ₹2,050.00 crores - Consistently achieved 8-10% operational expense reduction year-over-year

Expertise and Contributions

Mr. Devanathan is recognized as an accomplished Operations Executive in the auto components industry. His expertise includes:

Collaborating with customers and global teams
Engineering a safety culture in plants
Improving work environments with expertise in European machine safety standards
Serving as a global process leader for Core Competence Team (CCT)
Leading customer audits and working closely with clients to validate processes and products
Setting up efficient and scalable systems to support business growth

Appointment Details

The appointment of Mr. G. Devanathan as Director - Manufacturing & Factory Manager is categorized under Senior Managerial Personnel. This strategic move by Kennametal India Limited is expected to bolster its manufacturing operations and drive operational excellence.

Kennametal India Limited's decision to bring Mr. Devanathan on board reflects the company's commitment to strengthening its leadership team with experienced professionals. As the manufacturing sector continues to evolve, such appointments are crucial for companies aiming to maintain a competitive edge in the market.