Kennametal India Ltd. standalone net revenue for the September quarter declined by 46% over the 12 months ancient times to ₹17 crore due to a drop in working income.
Revenue from operations contracted to ₹258 crore from ₹267 crore. While the income from machining options declined, income from onerous metallic and onerous metallic merchandise was on the rise, the producer of onerous metallic merchandise and machine instruments stated in a regulatory submitting.
“During the quarter, we continued to face challenges from weaker market conditions, partially offset by domestic demand in the end-use segments that we serve,” stated Managing Director Vijaykrishnan Venkatesan.
“Our short-term strategy involves continuing to grow share with domestic customers through innovation, new applications and targeted outreach in key growth segments and geographies. In parallel, we are rigorously driving operational efficiency to improve our profitability,” he stated.
