Grindwell Norton consolidated net profit rises 8.79% in the March 2017 quarter

Sales rise 3.72% to Rs 324.14 crore

Net profit of Grindwell Norton rose 8.79% to Rs 34.17 crore in the quarter ended March 2017 as against Rs 31.41 crore during the previous quarter ended March 2016. Sales rose 3.72% to Rs 324.14 crore in the quarter ended March 2017 as against Rs 312.52 crore during the previous quarter ended March 2016.

For the full year,net profit rose 13.63% to Rs 120.89 crore in the year ended March 2017 as against Rs 106.39 crore during the previous year ended March 2016. Sales rose 9.76% to Rs 1254.89 crore in the year ended March 2017 as against Rs 1143.35 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales324.14312.52 4 1254.891143.35 10 OPM %16.3317.33 -15.3916.05 - PBDT60.0259.30 1 221.97203.67 9 PBT48.6048.13 1 179.72161.09 12 NP34.1731.41 9 120.89106.39 14

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