Grindwell Norton : Q1FY18 Result
DSIJ Intelligence / 26 Jul 2017
Total sales for this quarter, Q1FY18, came in at Rs. 360.5 crore. This represents a 1.5 per cent sequential increase and 7.6 per cent YoY increase.
Grindwell Norton reported its results for the quarter ended June 30, 2017 on Wednesday.
Total sales for this quarter, Q1FY18, came in at Rs. 360.5 crore. This represents a 1.5 per cent sequential increase and 7.6 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 41 crore and the EBIT margin stood at 11.4 per cent.
It reported PAT of Rs. 30.3 crore which represents a sequential QoQ decline of 11.3 per cent and a YoY increase of 2.8 per cent.
Grindwell Norton, part of the Saint-Gobain Group, is the manufacturer of grinding wheels in India. Its business includes Abrasives, Silicon Carbide, High Performance Refractories, Performance Plastics and ADFORS.
Today, the stock opened at Rs. 430 and touched an intra-day high and low of Rs. 432.65 and Rs. 421.05, respectively, on the BSE. At 11:18 am, the stock was trading at around Rs. 431.8 on the BSE.
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