Grindwell Norton releases Consolidated Quarterly Results for March 31, 2023. Grindwell Norton has announced an increase in total income from Rs. 612.93 Crores as of December 31, 2022, to Rs. 685.96 Crores as of March 31, 2023. The net profit for the company has decreased from Rs. 80.19 Crores as of December 31, 2022, to Rs. 99.23 Crores as of March 31, 2023. However, the earnings per share (EPS) have improved, increasing from Rs. 7.24 on December 31, 2022, to Rs. 8.96 on March 31, 2023, according to the company’s statement.
Grindwell Norton Quarterly Results (Q4 FY2023) – Quarter-over-Quarter Comparison:
Total income of the company is Rs. 685.96 Crores (March 31, 2023) vs. Rs. 612.93 Crores (December 31, 2022)
Net profit/loss: Rs. 99.23 Crores (March 31, 2023) vs. Rs. 80.19 Crores (December 31, 2022)
EPS: Rs. 8.96 (March 31, 2023) vs. Rs. 7.24 (December 31, 2022)
| Financials | Q4 FY2023 | Q3 FY2023 | % Change |
| Total Income | ₹ 685.96 Cr | ₹ 612.93 Cr | ⬆ 11.91% |
| Net Profit | ₹ 99.23 Cr | ₹ 80.19 Cr | ⬆ 23.74% |
| EPS | ₹ 8.96 | ₹ 7.24 | ⬆ 23.76% |
Grindwell Norton Quarterly Results (Q4 FY2023) – Year-over-Year Comparison:
Total income of the company is Rs. 685.96 Crores (March 31, 2023) vs. Rs. 570.43 Crores (March 31, 2022)
Net profit/loss: Rs. 99.23 Crores (March 31, 2023) vs. Rs. 89.72 Crores (March 31, 2022)
EPS: Rs. 8.96 (March 31, 2023) vs. Rs. 8.10 (March 31, 2022)
| Financials | Q4 FY2023 | Q4 FY2022 | % Change |
| Total Income | ₹ 685.96 Cr | ₹ 570.43 Cr | ⬆ 20.25% |
| Net Profit | ₹ 99.23 Cr | ₹ 89.72 Cr | ⬆ 10.60% |
| EPS | ₹ 8.96 | ₹ 8.10 | ⬆ 10.62% |
Grindwell Norton Quarterly Results (Year Ended FY2023) – Year-over-Year Comparison:
Total income of the company is Rs. 2597.41 Crores (March 31, 2023) vs. Rs. 2065.85 Crores (March 31, 2022)
Net profit/loss: Rs. 361.91 Crores (March 31, 2023) vs. Rs. 295.65 Crores (March 31, 2022)
EPS: Rs. 32.69 (March 31, 2023) vs. Rs. 26.70 (March 31, 2022)
| Financials | 12 Months Ended FY2023 | 12 Months Ended FY2022 | % Change |
| Total Income | ₹ 2597.41 Cr | ₹ 2065.85 Cr | ⬆ 25.73% |
| Net Profit | ₹ 361.91 Cr | ₹ 295.65 Cr | ⬆ 22.41% |
| EPS | ₹ 32.69 | ₹ 26.70 | ⬆ 22.43% |
Grindwell Norton Share Dividend Announcement / Record Date:
The Board of Directors has declared a Final Dividend of ₹14.50 per Equity Share of Face Value of ₹5 each of the Company (290% of Face Value). Total Dividend for FY23 stood at ₹12 per Equity Share (Interim Dividend of ₹10 per Equity Share)
| Dividend | Record Date |
| ₹14.50 per Equity Share | 14/08/2023 |
The dividend’s record date has not yet come
About Grindwell Norton:
Grindwell Norton Ltd produces a variety of abrasive products, both bonded and coated, as well as silicon carbide, aluminum oxide, and industrial ceramics. The company also participates in a joint venture that manufactures a diverse selection of centralized lubrication systems (CLS).
Download Full PDF Q4 Results of Grindwell Norton:
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