Results - Announcements
Grindwell Norton Ltd share price headed higher 5.33% to Rs 1953.35 after the company's net profit improved by 15.48% to Rs 133.17 crore, while revenue from operations edged up 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, easing 3.41%. It has marginally improved by 4.64% over last one week and eased lower by 6.22% in last one month while the market capitalization of Grindwell Norton Ltd has inched up 5.71% and 7.85% in the same period respectively.
Profit before tax (PBT) of Grindwell Norton Ltd stood at Rs 177.58 crore in Q3 FY26, surging by 23.97% year-on-year, and rallying 15.21% quarter-on-quarter. EBITDA came in at Rs 127 crore, expanding by 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, rising 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 tick up 9.34% to Rs 3060.36 crore, while net profit registered a growth of 12.26% to Rs 416.79 crore, compared to previous TTM. EBITDA jumped by 44473% to Rs 478.73 crore, and PBT improved 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 surged by 24.18% in last one year, significantly outperforming the benchmark BSE Sensex which has reduced by 12.76% during the same period.