Grindwell Norton standalone net profit rises 33.40% in the March 2018 quarter

Sales rise 17.77% to Rs 375.37 crore

Net profit of Grindwell Norton rose 33.40% to Rs 43.69 crore in the quarter ended March 2018 as against Rs 32.75 crore during the previous quarter ended March 2017. Sales rose 17.77% to Rs 375.37 crore in the quarter ended March 2018 as against Rs 318.72 crore during the previous quarter ended March 2017.

For the full year,net profit rose 26.85% to Rs 147.16 crore in the year ended March 2018 as against Rs 116.01 crore during the previous year ended March 2017. Sales rose 13.82% to Rs 1397.85 crore in the year ended March 2018 as against Rs 1228.16 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales375.37318.72 18 1397.851228.16 14 OPM %18.7215.55 -16.9114.72 - PBDT76.8757.38 34 264.29212.57 24 PBT66.4446.59 43 222.11172.74 29 NP43.6932.75 33 147.16116.01 27

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