Grindwell Norton Limited has informed the Exchange regarding Outcome of Board Meeting held on May 09, 2025.
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Grindwell Norton's board approved FY25 audited results with revenue from operations growing 3.2% YoY to ₹2,73,736 lakhs but net profit declining 5.2% to ₹36,083 lakhs, as EBITDA margin compressed modestly from ~21.9% to ~21.1% on higher depreciation. Q4 FY25 revenue rose 1.4% to ₹69,123 lakhs while net profit dipped 2.3% to ₹9,132 lakhs. The board recommended a ₹17 per share dividend (340% on ₹5 face value), with July 15 as the record date and payment starting July 29. CFO Hari Singudasu stepped down to focus on business development and M&A as Executive Director, with Saint-Gobain group veteran Prakash Sabarad appointed as the new CFO. Non-Executive Director Jean-Claude Lasserre resigned and was replaced by Stephanie Billet. The company also approved a ₹77 lakh investment in Jamnagar Renewals Two for sourcing 0.8 MW of green power. Auditors Kalyaniwalla & Mistry LLP issued an unmodified opinion. Operating cash flow remained strong at ₹45,293 lakhs and the company has negligible debt.
Modest top-line growth combined with profit decline reflects margin pressure from increased depreciation on recent capex, though cash generation stays healthy and the company remains virtually debt-free. The generous 340% dividend is shareholder-friendly. Leadership transitions appear orderly and internal, supporting continuity.