Kennametal India Limited-- manufacturer of hard metal products and machine tools on Thursday announced the appointment of Amit Laroya as the Company’s Non-Executive Chairman.

Previously, Laroya was the Managing Director of 3M India Limited. His expertise spans sectors such as Electronics, Industrial, Automotive, and Safety, with a focus on portfolio strategies and change management practices.

The company also revealed its Q1 FY25 results on Thursday, reporting a 4.8% year-over-year increase in sales, reaching Rs 2,704 million compared to Rs 2,579 million in the same quarter last fiscal year.

In a press release, the company stated that the growth was driven by volume increases in the Hard Metal and Machining Solutions segments. Profit Before Tax (PBT) rose by 28.6% to Rs 337 million, bolstered by cost efficiency measures and new customer acquisitions.

Managing Director of Kennametal India, Vijaykrishnan Venkatesan, said, “In Q1, our team continued to deliver profitable growth through cost efficiency measures and strong topline growth. Our financial performance was supported by growth across our businesses with a focus on share gain initiatives, project solutions, and new customer acquisition.”