Grindwell Norton Limited has informed the Exchange regarding Outcome of Board Meeting held on May 08, 2026.
GRINDWELL · price
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Grindwell Norton reported standalone revenue from operations of ₹3,02,587 lakhs for FY2026, up 10.6% from ₹2,73,736 lakhs in FY2025. Standalone net profit grew 14.4% to ₹41,260 lakhs from ₹36,083 lakhs. EPS improved to ₹37.27 from ₹32.59. The Board recommended a dividend of ₹19 per share (380% of face value ₹5), payable from July 28, 2026, subject to shareholder approval at the AGM on July 24, 2026. Statutory auditors Kalyaniwalla & Mistry LLP issued an unmodified (clean) opinion on the financial results.
The company delivered double-digit profit growth with a clean audit, indicating strong operational performance. The 14%+ PAT growth and healthy dividend payout signal positive sentiment for shareholders, though the ~10.6% revenue growth is moderate.