Grindwell Norton net profit declines 22.94% in the December 2013 quarter

Sales decline 5.31% to Rs 220.98 crore

Net profit of Grindwell Norton declined 22.94% to Rs 18.54 crore in the quarter ended December 2013 as against Rs 24.06 crore during the previous quarter ended December 2012. Sales declined 5.31% to Rs 220.98 crore in the quarter ended December 2013 as against Rs 233.38 crore during the previous quarter ended December 2012. ParticularsQuarter EndedDec. 2013Dec. 2012% Var.Sales220.98233.38 -5 OPM %13.8015.58 -PBDT33.8739.43 -14 PBT27.0434.13 -21 NP18.5424.06 -23

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