Grindwell Norton consolidated net profit rises 29.73% in the March 2018 quarter

Sales rise 17.61% to Rs 381.23 crore

Net profit of Grindwell Norton rose 29.73% to Rs 44.33 crore in the quarter ended March 2018 as against Rs 34.17 crore during the previous quarter ended March 2017. Sales rose 17.61% to Rs 381.23 crore in the quarter ended March 2018 as against Rs 324.14 crore during the previous quarter ended March 2017.

For the full year,net profit rose 24.81% to Rs 150.88 crore in the year ended March 2018 as against Rs 120.89 crore during the previous year ended March 2017. Sales rose 13.40% to Rs 1423.10 crore in the year ended March 2018 as against Rs 1254.89 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales381.23324.14 18 1423.101254.89 13 OPM %19.0516.33 -17.3515.39 - PBDT78.6960.02 31 272.31221.97 23 PBT67.5648.60 39 227.47179.72 27 NP44.3334.17 30 150.88120.89 25

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