Grindwell Norton net profit declines 14.27% in the March 2014 quarter

Sales rise 4.95% to Rs 237.47 crore

Net profit of Grindwell Norton declined 14.27% to Rs 21.75 crore in the quarter ended March 2014 as against Rs 25.37 crore during the previous quarter ended March 2013. Sales rose 4.95% to Rs 237.47 crore in the quarter ended March 2014 as against Rs 226.28 crore during the previous quarter ended March 2013.

For the full year,net profit declined 15.72% to Rs 82.32 crore in the year ended March 2014 as against Rs 97.67 crore during the previous year ended March 2013. Sales declined 1.58% to Rs 899.37 crore in the year ended March 2014 as against Rs 913.78 crore during the previous year ended March 2013.

ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales237.47226.28 5 899.37913.78 -2 OPM %14.2715.44 -14.6215.71 - PBDT38.7838.73 0 145.81155.47 -6 PBT31.9833.14 -4 119.87136.05 -12 NP21.7525.37 -14 82.3297.67 -16

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