Grindwell Norton Limited , a leading manufacturer of abrasives and ceramics, has announced a strategic land acquisition in Halol, Gujarat, signaling its commitment to future growth and expansion. The company's Board of Directors approved the purchase of land valued at up to ₹18 crore on July 25, 2025, during a board meeting that also reviewed the company's financial performance for the quarter ended June 30, 2025.

Strategic Expansion

The land acquisition in Halol, Gujarat, is aimed at supporting Grindwell Norton's future business operations. This move suggests the company is positioning itself for potential expansion in the region, which could lead to increased production capacity or new facilities in the coming years.

Financial Performance Highlights

Alongside the land acquisition announcement, Grindwell Norton released its unaudited financial results for Q1 FY2026, showcasing a solid performance across its business segments:

Standalone Results

Consolidated Results

Segment-wise Performance

Grindwell Norton's business is divided into four main segments:

1. Abrasives: Reported revenue of ₹35,157.60 lakh with a segment result of ₹4,515.77 lakh
2. Ceramics & Plastics: Generated revenue of ₹28,528.76 lakh (standalone) and ₹29,792.32 lakh (consolidated) with segment results of ₹5,172.06 lakh and ₹5,188.82 lakh respectively
3. Digital Services: Contributed ₹5,090.39 lakh to revenue with a segment result of ₹1,429.13 lakh
4. Others: Recorded revenue of ₹1,094.88 lakh with a segment result of ₹173.64 lakh

The company's diverse portfolio has shown resilience, with most segments reporting positive results.

Looking Ahead

With the strategic land acquisition in Gujarat and a strong financial performance in the first quarter, Grindwell Norton appears well-positioned for future growth. The company's focus on expanding its operational footprint while maintaining financial stability suggests a balanced approach to long-term value creation for its shareholders.

As Grindwell Norton moves forward with its expansion plans, investors and industry observers will be keen to see how the company leverages its new land asset in Halol to drive further growth and strengthen its market position in the abrasives and ceramics sectors.

Grindwell Norton Limited , a leading manufacturer of abrasives and industrial ceramics, has reported a steady performance for the first quarter ended June 30, while also announcing plans for future expansion.

Financial Highlights

The company reported a consolidated net profit of ₹94.44 crore for Q1, showing a slight increase from ₹93.36 crore in the same period last year. Revenue from operations remained relatively stable at ₹703.46 crore, compared to ₹705.60 crore in the previous year.

Segment-wise performance for the quarter was as follows:

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at ₹130.00 crore, with an EBITDA margin of 18.46%.

Land Acquisition Approval

In a strategic move to support future business operations, Grindwell Norton's Board of Directors has approved the purchase of land in Halol, Gujarat. The acquisition, valued at up to ₹18.00 crore, will be on a freehold basis and is expected to be completed by March 31, 2026. The company plans to fund this purchase through cash consideration.

Management Commentary

Venugopal Shanbhag, Managing Director of Grindwell Norton, stated, "Our Q1 results demonstrate the company's resilience in a challenging market environment. While we've seen some pressure on revenues, our focus on operational efficiency has helped maintain profitability. The approval for land acquisition in Halol is a strategic step towards our long-term growth plans, positioning us to capitalize on future opportunities in the market."

Segment Performance

Abrasives

The Abrasives segment, which remains the largest contributor to the company's revenue, reported sales of ₹351.58 crore.

Ceramics & Plastics

This segment showed strength with revenues of ₹297.92 crore.

Digital Services

The Digital Services segment contributed ₹50.90 crore to the top line.

Financial Position

As of June 30, Grindwell Norton maintained a strong balance sheet with total assets of ₹3,197.03 crore. The company's equity share capital stood at ₹55.36 crore, with earnings per share for the quarter at ₹8.53.

Outlook

With the approval of the land acquisition in Gujarat, Grindwell Norton is positioning itself for future growth. This move aligns with the company's strategy to enhance its manufacturing capabilities and meet the evolving demands of its diverse customer base across various industries.

The company continues to focus on innovation, operational excellence, and strategic expansion to maintain its competitive edge in the abrasives and industrial ceramics markets.

Investors and analysts will be watching closely to see how Grindwell Norton leverages this new land acquisition and navigates the market conditions in the coming quarters.