Grindwell Norton Limited reported its financial results for the third quarter of FY25, showing moderate growth in revenue while maintaining steady profitability.
The company’s revenue from operations stood at ₹702.60 crore, marking a 6.4% year-on-year (YoY) increase from ₹659.93 crore in Q3 FY24. The total income, including other income, was reported at ₹720.55 crore, up from ₹673.76 crore in the corresponding quarter last year.
At the profitability level, net profit for the period stood at ₹87.96 crore, remaining almost flat compared to ₹92.08 crore in Q3 FY24. Despite revenue growth, higher operational expenses led to a marginal decline in net earnings.
Key Financial Highlights (YoY Comparison):
- Revenue: ₹702.60 crore vs ₹659.93 crore (↑6.4%)
- Total Income: ₹720.55 crore vs ₹673.76 crore (↑6.9%)
- Net Profit: ₹87.96 crore vs ₹92.08 crore (↓4.5%)
- Total Expenses: ₹604.75 crore vs ₹551.66 crore (↑9.6%)
- EBITDA: ₹116.15 crore vs ₹122.38 crore (↓5.1%)
For the nine-month period ending December 31, 2024, Grindwell Norton reported a total revenue of ₹2,102.07 crore, reflecting a 5.2% YoY growth, while net profit stood at ₹278.42 crore, compared to ₹291.27 crore in the same period last year.
The company continues to focus on operational efficiency and cost management, while its revenue growth highlights resilience amid fluctuating market conditions.
Disclaimer:
The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
