KENNAMET

What Kennametal India promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q3 FY24

what the last two calls moved 9 tracked 3 delivered 4 missed 2 open
  • Gross Margin delivered said Q4 FY22 Promised: sustain improvement Q3 FY24: Management confirmed sequential improvement in PBT over the last four quarters due to streamlined operations and better utilization, fulfilling the goal of sustained improvement.
  • Machine Business Revenue went quiet said Q4 FY22 Promised: INR 500 crores Q3 FY24: The 500cr target was not addressed. Management mentioned current machine tool business revenue is ~150 crores, indicating a very long path to the original aspiration.
  • Revenue Growth vs Market revised down said Q1 FY23 Promised: faster than the market Q3 FY24: Guidance was revised down to 1.2 to 1.3 times market growth.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 9 tracked commitments for Kennametal India — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens