On a consolidated basis, sales grew to Rs2,390 Mn, 10.24% higher as compared to the same quarter last fiscal. EBT (before exceptional items) was Rs406 Mn, up 79.65% over the same quarter, last fiscal. The company delivered a strong performance in both the Hard Metals and Machine Tools segments with broad-based growth across the key sectors of transportation, earthworks, energy, aerospace, and general engineering.
Commenting on the results, Vijaykrishnan Venkatesan, Managing Director, KIL said, “During this quarter, we continued to execute our strategic imperatives aimed at mitigating the volatility from continued global supply chain constraints. Our ability to manage the impact of commodity price increases, continued cost management and a focus on manufacturing excellence to deliver on customer commitments, has helped us perform on critical financial parameters.”
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