Grindwell Norton Expands Footprint with ₹18 Crore Land Acquisition in Gujarat
Grindwell Norton Limited approved a land purchase of up to ₹18 crore in Halol, Gujarat for future business operations. The company also released Q1 FY2026 results, showing growth in both standalone and consolidated financials. Standalone net profit increased to ₹9,439.42 lakh from ₹9,190.59 lakh year-over-year, while consolidated net profit rose to ₹9,444.12 lakh from ₹9,336.59 lakh. The company's four business segments - Abrasives, Ceramics & Plastics, Digital Services, and Others - all reported positive revenues and segment results.
25Jul 25
Grindwell Norton Reports Steady Q1 Performance, Approves Land Purchase for Future Growth
Grindwell Norton Limited reported a consolidated net profit of ₹94.44 crore for Q1, slightly up from ₹93.36 crore last year. Revenue remained stable at ₹703.46 crore. The company's Board approved the purchase of land in Halol, Gujarat, for up to ₹18.00 crore, to be completed by March 31, 2026. The Abrasives segment contributed ₹351.58 crore to revenue, while Ceramics & Plastics brought in ₹297.92 crore. EBITDA stood at ₹130.00 crore with an 18.46% margin. Managing Director Venugopal Shanbhag emphasized the company's resilience and strategic growth plans.
30Jun 25
Grindwell Norton Proposes ₹17 Dividend for FY25, Sets Key Dates for Shareholder Actions
Grindwell Norton Limited has recommended a final dividend of ₹17.00 per equity share for FY2025. The company has set July 15, 2025, as the record date for dividend eligibility, with the Annual General Meeting scheduled for July 25, 2025, and the dividend payment date set for July 29, 2025, if approved. The AGM will also include voting on director appointments and auditor remuneration.
Grindwell Norton's Q4 FY2024 results show revenue increase to ₹717.50 crore, up 7.11% YoY. Net profit slightly decreased to ₹88.00 crore, down 4.45%. EBITDA marginally rose to ₹138.30 crore. For FY2024, annual revenue grew 6.07% to ₹2,755.10 crore, with net profit up 6.22% to ₹384.00 crore. The board recommended a dividend of ₹17 per equity share.