Grindwell Norton consolidated net profit rises 94.45% in the March 2021 quarter

Sales rise 39.16% to Rs 506.65 crore

Net profit of Grindwell Norton rose 94.45% to Rs 80.54 crore in the quarter ended March 2021 as against Rs 41.42 crore during the previous quarter ended March 2020. Sales rose 39.16% to Rs 506.65 crore in the quarter ended March 2021 as against Rs 364.07 crore during the previous quarter ended March 2020.

For the full year,net profit rose 31.04% to Rs 239.18 crore in the year ended March 2021 as against Rs 182.52 crore during the previous year ended March 2020. Sales rose 3.87% to Rs 1627.54 crore in the year ended March 2021 as against Rs 1566.89 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales506.65364.07 39 1627.541566.89 4 OPM %22.2816.57 -19.9116.88 - PBDT124.2468.58 81 371.56300.42 24 PBT110.4054.24 104 317.20242.64 31 NP80.5441.42 94 239.18182.52 31

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