Grindwell Norton Ltd

The Board of Grindwell Norton at its meeting held on 09 May 2025 has approved the resignation of Jean-Claude Lasserre (Director Identification No. 10082026), Non-Executive Director of the Company with effect from 09 May 2025. The Board also appointed Stephanie Billet (Director Identification No. 11082284) as an Additional Director (Non-Executive) of the Company with effect from 10 May 2025. Powered by Capital Market - Live

Grindwell Norton has fixed 15 July 2025 as record date for determining the entitlement of Members' to receive Dividend for the financial year ended 31 March 2025. The dividend will be paid on or from 29 July 2025. Powered by Capital Market - Live

Grindwell Norton announced that the 75th Annual General Meeting(AGM) of the company will be held on 25 July 2025.Powered by Capital Market - Live

Net profit of Grindwell Norton declined 0.08% to Rs 92.54 crore in the quarter ended March 2025 as against Rs 92.61 crore during the previous quarter ended March 2024. Sales rose 2.69% to Rs 705.90 crore in the quarter ended March 2025 as against Rs 687.42 crore during the previous quarter ended March 2024. For the full year,net profit declined 3.89% to Rs 368.72 crore in the year ended March 2025 as against Rs 383.64 crore during the previous year ended March 2024. Sales rose 4.88% to Rs 2798.95 crore in the year ended March 2025 as against Rs 2668.64 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales705.90687.42 3 2798.952668.64 5 OPM %18.0418.11 -18.3319.45 - PBDT147.79139.94 6 584.61579.57 1 PBT122.90120.28 2 491.96508.68 -3 NP92.5492.61 0 368.72383.64 -4 Powered by Capital Market - Live

Grindwell Norton announced that the Board of Directors of the Company at its meeting held on 09 May 2025, has recommended a Final Dividend of Rs.17 per share (i.e.340%), subject to the approval of the shareholders.Powered by Capital Market - Live

Sonata Software Ltd, Raymond Ltd, Multi Commodity Exchange of India Ltd and Delta Corp Ltd are among the other losers in the BSE's 'A' group today, 09 May 2025.Grindwell Norton Ltd lost 7.04% to Rs 1638.75 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 4776 shares were traded on the counter so far as against the average daily volumes of 3418 shares in the past one month.Sonata Software Ltd tumbled 6.81% to Rs 365.6. The stock was the second biggest loser in 'A' group.On the BSE, 5.46 lakh shares were traded on the counter so far as against the average daily volumes of 10.56 lakh shares in the past one month.Raymond Ltd crashed 5.76% to Rs 1453. The stock was the third biggest loser in 'A' group.On the BSE, 36595 shares were traded on the counter so far as against the average daily volumes of 33928 shares in the past one month.Multi Commodity Exchange of India Ltd pared 5.57% to Rs 5665. The stock was the fourth biggest loser in 'A' group.On the BSE, 35490 shares were traded on the counter so far as against the average daily volumes of 17680 shares in the past one month.Delta Corp Ltd corrected 5.29% to Rs 83.86. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.89 lakh shares were traded on the counter so far as against the average daily volumes of 2.01 lakh shares in the past one month.Powered by Capital Market - Live

Kirloskar Ferrous Industries announced that the Board of Directors of the Company at its meeting held on 09 May 2025, has recommended a Final Dividend of Rs.2.50 per share (i.e.50%), subject to the approval of the shareholders.Powered by Capital Market - Live

Grindwell Norton will hold a meeting of the Board of Directors of the Company on 9 May 2025.Powered by Capital Market - Live

The Venugopal will assume the role of managing director following the retirement of B. Santhanam, the company's current managing director, effective from close of business on 31 March 2025. Venugopal Shanbhag joined Grindwell Norton Limited in 1991 and since then has worked in multiple functions and locations of Abrasives and Mobility businesses of Saint Gobain group in India. He had one year stint at Grinding Technology Centre at Saint-Gobain USA during 1995-96. He was on an expatriation assignment as Managing Director of Saint-Gobain Sekurit Thailand till August 2020 and Managing Director of Saint-Gobain Sekurit India Limited till May 4, 2024. Grindwell Norton's businesses include abrasives, ceramic materials businesses (silicon carbide and performance ceramics & refractories), performance plastics and ADFORS. The company's subsidiary, Saint-Gobain Ceramic Materials Bhutan, manufactures silicon carbide. The company's consolidated net profit fell 9.3% to Rs 83.55 crore in Q3 FY25 as compared with Rs 92.09 crore in Q3 FY24. Net sales rose 5% YoY to Rs 679.87 crore in Q3 FY25.Powered by Capital Market - Live

Net profit of Grindwell Norton declined 5.79% to Rs 86.82 crore in the quarter ended December 2024 as against Rs 92.16 crore during the previous quarter ended December 2023. Sales rose 6.67% to Rs 699.20 crore in the quarter ended December 2024 as against Rs 655.47 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales699.20655.47 7 OPM %17.6619.50 - PBDT139.65140.35 0 PBT116.15122.74 -5 NP86.8292.16 -6 Powered by Capital Market - Live