Grindwell Norton Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
GRINDWELL · price
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Grindwell Norton reported standalone revenue of ₹3,02,587 Lakhs for FY26, up 10.6% from ₹2,73,736 Lakhs in FY25. Net profit grew 14.3% to ₹41,260 Lakhs from ₹36,083 Lakhs. EPS increased to ₹37.27 from ₹32.59. The Board recommended a dividend of ₹19 per share (380% on ₹5 face value), payable from July 28, 2026, subject to shareholder approval at the AGM on July 24, 2026. Consolidated revenue stood at ₹3,07,319 Lakhs with net profit of ₹41,679 Lakhs. The statutory auditor issued an unmodified (clean) opinion with no going concern issues or qualifications.
The company delivered solid double-digit growth in both revenue and profitability, with margin expansion to approximately 21% EBITDA. The dividend yield remains attractive at around 1.9% based on current prices. The clean audit report with no qualifications indicates strong financial controls and no material uncertainties.