Grindwell Norton has announced its Q3FY26 financial results for the quarter ended December 31, 2025, showcasing strong operational performance alongside significant corporate developments. The company reported consolidated net profit of ₹955.80 million, representing a robust 12.50% increase from ₹879.68 million in the corresponding quarter last year.

Financial Performance Highlights

The company's Q3FY26 results demonstrate solid growth across key financial metrics. Consolidated revenue reached ₹7.53 billion compared to ₹7.03 billion in Q3FY25, marking a healthy 7.14% year-on-year growth. The standalone operations showed even stronger performance with net profit of ₹939.99 million versus ₹835.54 million in the previous year.

Operational Excellence and Margin Expansion

Grindwell Norton's operational efficiency continues to improve with enhanced profitability metrics. The company's ability to deliver double-digit profit growth while maintaining steady revenue expansion reflects effective cost management and operational leverage. The standalone operations particularly benefited from improved operational efficiency during the quarter.

Strategic Corporate Developments

The Board of Directors approved several strategic initiatives during their February 6, 2026 meeting. Key decisions include an investment of up to ₹1.10 crore in a Special Purpose Vehicle of Sunsure Energy Private Limited for renewable energy sourcing through an Intra-State Transmission System based solar power generation facility.

Leadership Appointment

The company appointed Mr. Girish T. Shajani as Company Secretary, Compliance Officer, and Nodal Officer effective February 8, 2026. Mr. Shajani brings over two decades of experience in corporate governance and compliance, having previously served with Saint-Gobain Group companies and Tata Consultancy Services Limited.

Segment Performance Analysis

The company's diversified business portfolio continued to deliver balanced growth across segments. The Abrasives segment generated revenue of ₹3.59 billion, while Ceramics & Plastics contributed ₹3.21 billion. Digital Services and other segments added ₹569.04 million and ₹243.45 million respectively, demonstrating the strength of the company's multi-segment approach.

Grindwell Norton's Q3FY26 performance reflects strong business fundamentals with improved profitability metrics and strategic investments in renewable energy infrastructure, positioning the company well for sustainable growth.

Grindwell Norton Limited has received a show cause notice from the GST authority demanding payment of ₹22.59 lakh related to Input Tax Credit matters for the financial year 2020-21. The company disclosed this development to the stock exchanges on January 28, 2026, under Regulation 30 of the SEBI Listing Regulations.

GST Notice Details

The show cause notice was issued by the Assistant Commissioner of Commercial Taxes (Audit-5.2) DGSTO-5, located at V.T.K-2 Building, Rajendranagara, Koramangala, Bangalore. The notice pertains to alleged violations related to Input Tax Credit claims during FY 2020-21.

Company's Response

Grindwell Norton Limited has indicated that it will file a reply against the show cause notice received from the GST authority. The company's management has assessed the situation and provided clarity on the potential impact of this development.

Financial Impact Assessment

According to the company's disclosure, there is no material impact on financial, operational or other activities of the company due to this order. The management has stated that the show cause notice will be addressed through appropriate legal channels by filing a comprehensive reply to the tax authorities.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary K. Visweswaran signed the regulatory filing, ensuring transparency with stakeholders regarding this tax-related development.

The company operates from its registered office at Leela Business Park, Andheri (East), Mumbai, and continues its business operations while addressing this regulatory matter through proper legal procedures.