Grindwell Norton Limited has informed the Exchange regarding Board meeting held on July 25, 2025.
GRINDWELL · price
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Grindwell Norton's Board approved its Q1 FY26 (quarter ended June 30, 2025) unaudited financial results with a clean limited review report from Kalyaniwalla & Mistry LLP. Standalone revenue from operations rose marginally to ₹69,385.83 lakhs from ₹69,093.72 lakhs in Q1 FY25, while net profit increased to ₹9,439.42 lakhs (from ₹9,190.59 lakhs). EPS stood at ₹8.53 vs ₹8.30 in the year-ago quarter. On a consolidated basis, revenue dipped slightly to ₹70,345.57 lakhs but net profit edged up to ₹9,444.12 lakhs. The Board also approved purchase of freehold land in Halol, Gujarat for up to ₹18 crores (cash, by March 2026) to support future business operations. The transaction is not a related-party deal.
Results are largely flat with single-digit growth in profitability, indicating stable but unspectacular quarterly performance. The ₹18 crore land purchase signals modest capacity/expansion plans, which is a small positive for long-term growth. Shareholders should expect steady, low-single-digit earnings momentum rather than acceleration in the near term.