Grindwell Norton Q1 results show revenue fell from 685.96 crores to 682.95 crores, a -0.44% decrease in growth. EPS down from ₹8.96 to ₹8.76, down by -2.23%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Grindwell Norton shared its Q1 results on Monday. They earned 682.95 crores in revenue this quarter, but that’s less than the 685.96 crores they made last quarter. Unfortunately, the company’s growth decreased by -0.44 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 96.99 crores, down from 99.22 crores in the previous quarter. Their quarter-to-quarter growth decreased by -2.25 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹8.76, which is a decrease of -2.23% from the ₹8.96 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 682.95 crores this year (2023), which is 5.25 percent higher than last year’s total revenue of 648.88 crores.
This year’s PAT (Profit After Tax) is 96.99 crores, which is also 4.93% higher than last year’s PAT of 92.43 crores.
The EPS (Earnings Per Share) for this year is ₹8.76, which is 4.91% more than the EPS of ₹8.35 earned last year.
Also Read: Sanghi Industries Q1FY24 Results: Consolidated Loss of Rs. 189.43 Cr
Grindwell Norton Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Grindwell Norton:
Grindwell Norton Limited is a company specializing in the production of abrasive goods, encompassing both bonded and coated abrasives. Additionally, the company engages in the manufacturing of silicon carbide, aluminum oxide, and industrial ceramics.
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