Please find attached the audited financial results for the quarter and year ended March 31, 2025
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Grindwell Norton reported audited FY25 standalone revenue of ₹2,73,736 lakhs, up about 3.2% from ₹2,65,168 lakhs in FY24. Net profit for FY25 came in at ₹36,083 lakhs, down roughly 5% from ₹38,072 lakhs last year, with EPS of ₹32.59 versus ₹34.39. Q4 FY25 revenue grew modestly to ₹69,123 lakhs while Q4 net profit slipped to ₹9,133 lakhs from ₹9,350 lakhs a year ago. Operating cash flow improved sharply to ₹45,293 lakhs from ₹36,393 lakhs. The Board recommended a dividend of ₹17 per share (340% on face value of ₹5), with record date July 15 and AGM on July 25, 2025. The auditor (Kalyaniwalla & Mistry LLP) issued an unmodified opinion. The Board also appointed a new CFO, Mr. Prakash Sabarad, replacing Mr. Hari Singudasu who will focus on strategy and M&A as Executive Director, and approved a ₹77 lakh investment in Jamnagar Renewals Two Private Limited to source 0.8 MW of green power.
Modest revenue growth combined with a slight dip in profit suggests stable but margin-pressured operations, while the strong dividend and robust cash flow are positives for shareholders. Leadership refresh and a small clean-energy step-up signal continuity with no major red flags from the audit.