Grindwell Norton Limited's Board of Directors, at its meeting held on May 8, 2026, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board also recommended a dividend of ₹19/- per equity share (380%) of ₹5/- each for FY26, subject to shareholder approval at the 76th Annual General Meeting (AGM) scheduled for Friday, July 24, 2026, to be held via Video Conferencing/Other Audio Visual Means. The record date for dividend entitlement has been fixed as Friday, July 10, 2026, with payment on or from Tuesday, July 28, 2026. The financial results were audited by M/s. Kalyaniwalla & Mistry LLP, who issued an unmodified opinion.

Standalone Financial Performance

On a standalone basis, Grindwell Norton delivered robust growth across key financial metrics for the year ended March 31, 2026. Revenue from Operations rose to ₹3,02,587.01 lakhs from ₹2,73,736.43 lakhs in the previous year. Total Income grew to ₹3,12,079.31 lakhs compared to ₹2,81,722.40 lakhs. Profit Before Tax increased to ₹54,961.79 lakhs from ₹47,864.28 lakhs, while Net Profit for the year stood at ₹41,259.84 lakhs against ₹36,083.06 lakhs in the prior year.

For the quarter ended March 31, 2026, standalone Revenue from Operations was ₹82,918.82 lakhs compared to ₹69,123.40 lakhs in the corresponding quarter of the previous year. Net Profit for the quarter stood at ₹11,908.61 lakhs versus ₹9,132.78 lakhs. Paid-up equity share capital remained at ₹5,536.00 lakhs, with Reserves and Surplus (excluding Revaluation Reserve) at ₹2,46,085.33 lakhs as at March 31, 2026.

Standalone Cash Flow Highlights

The standalone statement of cash flows for the year ended March 31, 2026, reflects healthy operating performance. Net cash inflow generated from operating activities stood at ₹53,007.29 lakhs compared to ₹45,292.78 lakhs in the prior year. Net cash outflow used in investing activities was ₹31,324.34 lakhs, while net cash outflow from financing activities amounted to ₹21,429.18 lakhs. Cash and cash equivalents at the end of the period stood at ₹7,222.08 lakhs, up from ₹6,968.31 lakhs at the beginning of the year.

Standalone Assets and Liabilities

The standalone balance sheet as at March 31, 2026, reflects continued strengthening of the company's financial position. Total Assets stood at ₹3,40,112.66 lakhs compared to ₹3,01,846.24 lakhs in the prior year. Total Equity rose to ₹2,51,956.67 lakhs from ₹2,24,335.82 lakhs, supported by Other Equity of ₹2,46,420.67 lakhs. Total Liabilities were ₹88,155.99 lakhs against ₹77,510.42 lakhs.

Consolidated Financial Performance

On a consolidated basis, which includes subsidiary Saint-Gobain Ceramics Materials Bhutan Private Limited, jointly controlled entity Advanced Synthetic Minerals Private Limited, and associate Cleanwin Energy Three LLP, the company also reported strong growth. Consolidated Revenue from Operations for FY26 was ₹3,07,319.22 lakhs compared to ₹2,81,158.98 lakhs in FY25. Consolidated Net Profit for the year rose to ₹41,678.89 lakhs from ₹37,126.68 lakhs.

Net Profit attributable to owners for FY26 was ₹41,565.68 lakhs, while Non-Controlling Interest accounted for ₹113.21 lakhs. Consolidated Reserves and Surplus (excluding Revaluation Reserve) stood at ₹2,49,121.85 lakhs as at March 31, 2026, against ₹2,21,083.29 lakhs in the prior year. Total consolidated assets grew to ₹3,43,785.59 lakhs from ₹3,05,679.46 lakhs.

Consolidated Cash Flow Highlights

On a consolidated basis, net cash inflow from operating activities for the year ended March 31, 2026, was ₹54,214.46 lakhs compared to ₹45,849.40 lakhs in the prior year. Net cash outflow used in investing activities stood at ₹31,538.90 lakhs, while net cash outflow from financing activities was ₹21,500.07 lakhs. Cash and cash equivalents at the end of the period stood at ₹7,866.30 lakhs.

Consolidated Assets and Liabilities

The consolidated balance sheet as at March 31, 2026, shows Total Assets of ₹3,43,785.59 lakhs against ₹3,05,679.46 lakhs in the prior year. Total Equity (including Non-Controlling Interest) stood at ₹2,54,993.19 lakhs compared to ₹2,26,954.63 lakhs. Total Liabilities were ₹88,792.40 lakhs versus ₹78,724.83 lakhs.

Standalone Segment Performance

Across standalone business segments, all four segments recorded revenue growth for the year ended March 31, 2026. The Ceramics & Plastics segment delivered the highest segment result of ₹22,480.45 lakhs, followed by Abrasives at ₹19,235.47 lakhs, Digital Services at ₹5,805.50 lakhs, and Others at ₹1,649.85 lakhs.

Consolidated Segment Performance

On a consolidated basis, the Ceramics & Plastics segment reported higher revenue of ₹1,31,058.08 lakhs for FY26 compared to ₹1,18,871.20 lakhs in FY25, with a segment result of ₹23,089.57 lakhs versus ₹20,064.02 lakhs. The Abrasives, Digital Services, and Others segments recorded the same revenue and results as the standalone figures.

Dividend and AGM Details

The board has recommended a dividend of ₹19/- per equity share of ₹5/- each (380%) for FY26, subject to shareholder approval at the ensuing AGM. Key dates related to the dividend and AGM are summarised below.

Regulatory and Compliance Notes

The standalone and consolidated financial results were reviewed by the Audit Committee and approved by the Board at their meeting on May 8, 2026. The results have been prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Indian Accounting Standards (Ind AS). The Government of India notified four New Labour Codes effective November 21, 2025, consolidating twenty-nine existing labour laws. Grindwell Norton recognised incremental obligations on defined benefit plans amounting to ₹100.27 lakhs under the New Labour Codes, based on an actuarial valuation, disclosed under Employee benefits expense. The board meeting commenced at 1:30 p.m. IST and concluded at 4:00 p.m. IST. The communication was signed by Venugopal Shanbhag, Managing Director, and Girish T. Shajani, Company Secretary (Membership No. A22547).

Grindwell Norton executed a significant block trade on the National Stock Exchange (NSE) worth ₹51.28 crores, involving a substantial volume of shares at a predetermined price.

Transaction Details

The block trade encompassed key parameters that highlight the scale and execution price of this institutional transaction:

Block Trade Mechanism

Block trades represent large-volume transactions executed outside regular market hours or through special trading windows. These transactions allow institutional investors to trade significant quantities without impacting the stock's market price during regular trading sessions. The predetermined price of ₹1608.00 per share indicates a negotiated rate between the participating parties.

Market Implications

The transaction volume of approximately 318,891 shares represents a considerable stake change in Grindwell Norton's shareholding pattern. Such block trades typically involve institutional investors, mutual funds, or large stakeholders looking to adjust their positions efficiently. The execution at ₹1608.00 per share provides a reference point for the stock's institutional valuation at the time of the transaction.