Kennametal India's Q4 financial results show significant growth and positive outlook

Kennametal India, a midcap engineering company, has recently declared its financial results for the quarter ended March 2024. The company has shown positive growth in its financial performance, with a score of 14 compared to 1 in the previous quarter.

One of the key factors contributing to this growth is the company's Profit After Tax (PAT), which has seen a significant increase of 85.2% year on year. This trend is expected to continue in the near term. Additionally, Kennametal India has also shown improvement in its Operating Profit Margin, which is currently at its highest at 16.74%. This indicates an increase in the company's efficiency.

Furthermore, the company's Profit Before Tax less Other Income (PBT) has also seen a growth of 65.05% year on year, with a positive trend in the near term. Kennametal India's Operating Profit (PBDIT) is also at its highest in the last five quarters, with a positive trend in the near term. This shows that the company's profitability is on the rise.

On the other hand, the company's Non Operating Income has also seen a significant increase, which may not be sustainable in the long run. However, this does not overshadow the overall positive financial performance of Kennametal India.

Based on these financial results, MarketsMOJO has given a 'Hold' call for Kennametal India's stock. With increasing profitability and higher earnings per share, the company has created value for its shareholders. Overall, Kennametal India's financial performance for the quarter ended March 2024 has been positive and shows promising growth for the future.