Results - Announcements
Grindwell Norton Ltd share price inched up 0.41% to Rs 1854.45 after the company's net profit expanded by 15.48% to Rs 133.17 crore, while revenue from operations increased 10.02% to Rs 880.81 crore in Q3FY26 over Q2FY26.
The market capitalization of Abrasives & Bearings industry group stocks on BSE stood at Rs 90287.73 crore, slipping 1.45%. It has marginally improved by 0.76% over last one week and dropped by 8.01% in last one month while the market capitalization of Grindwell Norton Ltd has slipped by 1.23% and 12.52% in the same period respectively.
Profit before tax (PBT) of Grindwell Norton Ltd stood at Rs 177.58 crore in Q3 FY26, jumping 23.97% year-on-year, and expanding by 15.21% quarter-on-quarter. EBITDA came in at Rs 127 crore, rallying 15.77% YoY and declining 4.12% sequentially.
Total expenses advancing by 10.64% to Rs 744.38 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 326.36 crore, going up by 17.37% YoY, while employee benefits expense was at Rs 99.78 crore, inching up 2.66% YoY.
For the TTM ended FY26, revenue from operations inched higher 9.34% to Rs 3060.36 crore, while net profit rose by 12.26% to Rs 416.79 crore, compared to previous TTM. EBITDA jumped by 44473% to Rs 478.73 crore, and PBT rose 12.89% to Rs 555.36 crore compared to previous TTM.
The company's consolidated net cash flow from operating activities stood at Rs 542.14 crore in FY26, as against Rs 458.49 crore in FY25.
Grindwell Norton Ltd rallied 19.68% in last one year, significantly outperforming the benchmark BSE Sensex which has declined by 13.45% during the same period.