The result was announced after market hours yesterday, 22 August 2019. The company further informed that during the year, it set up a wholly-owned subsidiary Widia India Tooling (WITPL), the operations of which have commenced from 1 April 2019. WITPL has been set up as a trading company which specializes in hard metal and hard metal products.

Meanwhile, the S&P BSE Sensex was up 65.78 points or 0.18% to 36,538.71.

On the BSE, 3033 shares were traded in the counter so far compared with average daily volumes of 4871 shares in the past two weeks. The stock hit a high of Rs 964.95 and a low of Rs 915 so far during the day.

The stock hit a 52-week high of Rs 1275 on 25 Apr 2019. The stock hit a 52-week low of Rs 750 on 26 Oct 2018.

The stock had underperformed the market over the past one month, down 7.73% compared with 4.10% fall in the Sensex. The scrip has however, outperformed the market in past one year, up 14.66% as against Sensex's 4.86% rise.

Kennametal India manufactures hard metal products, mining tools, special-purpose machines, metal castings, formings, jigs and fixtures. The company exports its products to Japan, Germany and the south-east Asian countries.