The Board of Directors have recommended a dividend of Rs. 17 per equity share for the financial year ended March 31, 2025, subject to the approval of the Members at the ensuing Annual General ....
Awaiting price reaction for this filing.
Grindwell Norton Limited's Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, along with a recommended dividend of Rs. 17 per share (340% on face value of Rs. 5), subject to shareholder approval at the 75th AGM on July 25, 2025 (record date July 15, 2025). Standalone revenue from operations grew about 3.2% to Rs. 2,73,736 lakhs, but net profit declined roughly 5.2% to Rs. 36,083 lakhs, suggesting margin pressure despite topline growth. Segment-wise, Abrasives and Ceramics & Plastics each grew around 3–4%, while Digital Services revenue dipped about 2.6%. The Board accepted the resignation of Non-Executive Director Mr. Jean-Claude Lasserre and appointed Ms. Stephanie Billet in his place; CFO Mr. Hari Singudasu stepped down (continuing as Executive Director) and was replaced by Mr. Prakash Sabarad. Statutory auditors Kalyaniwalla & Mistry LLP issued an unmodified opinion on the financials.
The robust dividend signals healthy cash generation and rewards shareholders, while the decline in profit despite revenue growth may dent sentiment. Management continuity at the top and a clean audit report are reassuring, though investors will watch closely for margin recovery in coming quarters.