This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Grindwell Norton Limited has informed the Exchange regarding Outcome of Board Meeting held on May 09, 2025.
GRINDWELL · price
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The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with the auditor (Kalyaniwalla & Mistry LLP) issuing an unmodified opinion. FY25 revenue from operations stood at ₹2,73,736 lakhs, up about 3.2% from ₹2,65,168 lakhs last year, while net profit declined to ₹36,083 lakhs from ₹38,072 lakhs (down ~5.2%). The board recommended a dividend of ₹17 per share (340% on face value of ₹5), with a record date of July 15, 2025. CFO Hari Singudasu stepped down as CFO to focus on business development, strategy, and M&A as Executive Director, and Prakash Sabarad was appointed as the new CFO. Non-Executive Director Jean-Claude Lasserre resigned and was replaced by Stephanie Billet. The company also approved a small ₹77 lakh investment in Jamnagar Renewals Two for sourcing green power and appointed Parikh & Associates as Secretarial Auditors for 5 years.
Modest revenue growth coupled with a slight profit dip suggests some margin pressure, but strong operating cash flows (₹45,293 lakhs vs ₹36,393 lakhs) and a generous 340% dividend signal healthy cash generation and management confidence. Leadership changes are internal, with both the new director and CFO coming from the Saint-Gobain group, indicating continuity.
| Q4 FY25 | Q4 FY24 | Change | |
|---|---|---|---|
| Revenue | ₹709.5 Cr | ₹691.1 Cr | +2.7% |
| Operating profit | ₹99.93 Cr | ₹103.5 Cr | −3.4% |
| Profit after tax | ₹92.84 Cr | ₹92.68 Cr | +0.2% |
| EBITDA margin | 17.9% | 18.1% | −0.1 pp |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.