Grindwell Norton Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Grindwell Norton Ltd reported a 0.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 6.9%.
- Its expenses for the quarter were up by 2.5% QoQ and 9.6% YoY.
- The net profit decreased 9.4% QoQ and decreased 4.5% YoY.
- The earnings per share (EPS) of Grindwell Norton Ltd stood at 7.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 720.56 | 717.28 | 673.77 | 0.5% | 6.9% |
Total Expenses | 604.75 | 589.74 | 551.66 | 2.5% | 9.6% |
Profit Before Tax | 115.80 | 127.54 | 121.76 | -9.2% | -4.9% |
Tax | 28.18 | 30.42 | 30.30 | -7.4% | -7.0% |
Profit After Tax | 87.97 | 97.09 | 92.09 | -9.4% | -4.5% |
Earnings Per Share | 7.80 | 8.70 | 8.30 | -10.3% | -6.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Grindwell Norton Ltd is a prominent entity in the abrasives industry, providing a wide range of products and solutions. The company specializes in manufacturing abrasive products such as grinding wheels, coated abrasives, and cutting tools, serving various sectors including automotive, construction, and industrial manufacturing. Grindwell Norton has established itself as a leader in its field, leveraging its technological expertise and innovation to meet the diverse needs of its clients. As of the latest available data, there are no specific recent major developments provided for the company. Therefore, any recent strategic initiatives or business expansions are not available within the scope of this analysis.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Grindwell Norton Ltd reported a total income of ₹720.56 crores, marking a quarter-over-quarter (QoQ) increase of 0.5% from ₹717.28 crores in Q2FY25. Year-over-year (YoY), the company experienced a growth of 6.9% compared to ₹673.77 crores in Q3FY24. This steady increase in revenue reflects the company's ongoing operations and sales performance over the respective periods. The consistent growth in total income demonstrates the company's ability to maintain its market presence and demand for its products.
Profitability
For Q3FY25, Grindwell Norton Ltd's profit before tax stood at ₹115.80 crores, which represents a decline of 9.2% from the previous quarter (Q2FY25) where it was ₹127.54 crores. Compared to the same quarter of the previous year (Q3FY24), there was a decrease of 4.9% from ₹121.76 crores. The profit after tax for Q3FY25 was ₹87.97 crores, showing a decline of 9.4% QoQ and 4.5% YoY. The earnings per share (EPS) decreased by 10.3% QoQ from ₹8.70 to ₹7.80 and by 6.0% YoY from ₹8.30. These metrics indicate a downward trend in profitability for the quarter under review.
Operating Metrics
The total expenses for Grindwell Norton Ltd in Q3FY25 were ₹604.75 crores, which increased by 2.5% from ₹589.74 crores in the previous quarter (Q2FY25) and by 9.6% from ₹551.66 crores in the same quarter the previous year (Q3FY24). The tax expense for Q3FY25 was ₹28.18 crores, a decrease of 7.4% QoQ from ₹30.42 crores and a decrease of 7.0% YoY from ₹30.30 crores. These figures illustrate the company's cost management and tax liabilities over the reported periods. The financial ratios such as the P/E ratio, debt-to-equity ratio, and current ratio are not provided in the data, and thus, cannot be calculated or analyzed in this report.
