Kennametal India Shows Positive Growth in Q2, Experts Suggest Holding Position
Kennametal India, a midcap engineering company, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in the second quarter of the fiscal year 2024-2025. This is reflected in the stock call given by MarketsMOJO, which is 'Hold' for Kennametal India.According to the financials released by the company, the score has fallen to 10 from 15 in the last 3 months. However, there are some key factors that are working in favor of Kennametal India. The Profit After Tax (PAT) for the quarter stands at Rs 25.00 crore, showing a growth of 46.2% Year on Year (YoY). This is a very positive trend for the company in the near term.
Similarly, the Profit Before Tax less Other Income (PBT) for the quarter stands at Rs 30.80 crore, showing a growth of 25.71% Year on Year (YoY). This also indicates a positive trend for the company in the near term. Overall, the financial results for the quarter ending September 2024 have been promising for Kennametal India.
Investors and experts are advised to hold their position in the company's stock, as suggested by MarketsMOJO. With a strong financial performance in the recent quarter, Kennametal India is poised for growth in the engineering industry.
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