Grindwell Norton Limited has informed the Exchange regarding Outcome of Board Meeting held on May 09, 2025.
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The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with the auditor (Kalyaniwalla & Mistry LLP) issuing an unmodified opinion. FY25 revenue from operations stood at ₹2,73,736 lakhs, up about 3.2% from ₹2,65,168 lakhs last year, while net profit declined to ₹36,083 lakhs from ₹38,072 lakhs (down ~5.2%). The board recommended a dividend of ₹17 per share (340% on face value of ₹5), with a record date of July 15, 2025. CFO Hari Singudasu stepped down as CFO to focus on business development, strategy, and M&A as Executive Director, and Prakash Sabarad was appointed as the new CFO. Non-Executive Director Jean-Claude Lasserre resigned and was replaced by Stephanie Billet. The company also approved a small ₹77 lakh investment in Jamnagar Renewals Two for sourcing green power and appointed Parikh & Associates as Secretarial Auditors for 5 years.
Modest revenue growth coupled with a slight profit dip suggests some margin pressure, but strong operating cash flows (₹45,293 lakhs vs ₹36,393 lakhs) and a generous 340% dividend signal healthy cash generation and management confidence. Leadership changes are internal, with both the new director and CFO coming from the Saint-Gobain group, indicating continuity.