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10-May-2024

Kennametal India

Net jumps 145% on good operating show, lower depreciation and tax incidence


'Standalone net sales (including other operating income) of Kennametal India for the quarter ended Mar 2024 has increased 5.12% to Rs 268.80 crore.  Operating profit margin has jumped from 11.93% to 16.74%, leading to 47.54% rise in operating profit to Rs 45.00 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 26.64% to 24.32%.   Purchase of finished goods cost fell from 30.75% to 28.40%.   Employee cost decreased from 14.35% to 13.55%.   Other expenses rose from 16.44% to 17.51%.   Other income up 257.14% to Rs 5 crore.  PBIDT rose 56.74% to Rs 50 crore.  Provision for interest remained nil.  PBDT rose 56.43% to Rs 49.9 crore.  Provision for depreciation rose 10.10% to Rs 10.9 crore.  Profit before tax grew 77.27% to Rs 39.00 crore.  Provision for tax was expense of Rs 13.4 crore, compared to Rs 6.4 crore.  Effective tax rate...



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    Net jumps 145% on good operating show, lower depreciation and tax incidence

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