Grindwell Norton Limited has informed the Exchange about Financial results for the quarter and year ended March 31, 2025
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Grindwell Norton's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified opinion from statutory auditor Kalyaniwalla & Mistry LLP. Standalone revenue from operations grew ~3.2% YoY to ₹2,73,736 lakhs (FY24: ₹2,65,168 lakhs), while net profit declined ~5.2% YoY to ₹36,083 lakhs (FY24: ₹38,072 lakhs). FY25 EPS stood at ₹32.59 vs ₹34.39 in the prior year. Q4 standalone revenue was ₹69,123 lakhs with net profit of ₹9,133 lakhs. The Board recommended a dividend of ₹17 per share (340%) with a record date of July 15, 2025. Mr. Jean-Claude Lasserre resigned as Non-Executive Director and Ms. Stephanie Billet was appointed in his place. CFO Hari Singudasu stepped down (continuing as Executive Director for strategy/M&A) and Prakash Sabarad was appointed as new CFO. The Board also approved a ₹77 lakh investment in Jamnagar Renewals Two Pvt Ltd for sourcing 0.8 MW green power, and appointed Parikh & Associates as Secretarial Auditors for five years.
A stable revenue show with a modest profit dip and continued dividend payout signals steady but maturing growth for shareholders. The leadership reshuffle and small green-energy investment are neutral-to-positive, reflecting continuity from the Saint-Gobain group and sustainability focus. Watch for margin trends in upcoming quarters given slight EBITDA compression.