Standalone Financial Results (₹ in Lakhs)

Income Statement

  • Revenue from Operations: ₹79,385.59 (Q1 FY27) vs ₹69,385.83 (Q1 FY26) - 14.4% increase
  • Sale of products and Service Income: ₹79,119.03
  • Other Operating Income: ₹266.56
  • Other Income: ₹2,457.93
  • Total Income: ₹81,843.52

Expenses

  • Cost of materials consumed: ₹27,308.38
  • Purchases of Stock-in-Trade: ₹10,904.59
  • Changes in inventories: (₹2,286.65) [negative indicates decrease in inventory]
  • Employee benefits expense: ₹9,638.55
  • Finance costs: ₹133.58
  • Depreciation and amortisation: ₹2,580.67
  • Other expenses: ₹18,129.15
  • Total Expenses: ₹66,408.27

Profitability

  • Profit before tax: ₹15,435.25 (Q1 FY27) vs ₹12,579.55 (Q1 FY26) - 22.7% increase
  • Tax expense: ₹3,882.37
  • Current Tax: ₹4,039.63
  • Deferred Tax: (₹157.26) [tax benefit]
  • Net Profit for the period: ₹11,552.88 (Q1 FY27) vs ₹9,439.42 (Q1 FY26) - 22.4% increase

Comprehensive Income

  • Other comprehensive income: ₹1,089.74
  • Total comprehensive income: ₹12,642.62

Capital Structure

  • Paid-up equity share capital: ₹5,536.00 (Face value ₹5 per share)
  • Reserves and Surplus (as of March 31, 2026): ₹2,46,085.33

Earnings Per Share (₹5 face value)

  • Basic EPS: ₹10.43 (Q1 FY27) vs ₹8.53 (Q1 FY26)
  • Diluted EPS: ₹10.43 (Q1 FY27) vs ₹8.53 (Q1 FY26)

Consolidated Financial Results (₹ in Lakhs)

Income Statement

  • Revenue from Operations: ₹80,329.30
  • Sale of products and Service Income: ₹80,061.53
  • Other Operating Income: ₹267.77
  • Other Income: ₹2,457.93
  • Total Income: ₹82,787.23

Expenses

  • Cost of materials consumed: ₹27,806.04
  • Purchases of Stock-in-Trade: ₹10,904.59
  • Changes in inventories: (₹2,582.06) [negative indicates decrease in inventory]
  • Employee benefits expense: ₹9,718.51
  • Finance costs: ₹137.76
  • Depreciation and amortisation: ₹2,652.68
  • Other expenses: ₹18,781.11
  • Total Expenses: ₹67,418.63

Profitability

  • Profit before share of profit of joint venture: ₹15,368.60
  • Share of net profit of joint venture: ₹44.11
  • Profit before tax: ₹15,412.71
  • Tax expense: ₹3,881.07
  • Current Tax: ₹4,039.63
  • Deferred Tax: (₹158.56) [tax benefit]
  • Net Profit for the period: ₹11,531.64

Comprehensive Income

  • Other comprehensive income: ₹1,089.74
  • Total comprehensive income: ₹12,621.38

Profit Attribution

  • Net Profit attributable to owners: ₹11,551.33
  • Net Profit attributable to non-controlling interest: (₹19.69) [loss]
  • Total comprehensive income attributable to owners: ₹12,641.07
  • Total comprehensive income attributable to non-controlling interest: (₹19.69) [loss]

Capital Structure

  • Paid-up equity share capital: ₹5,536.00 (Face value ₹5 per share)
  • Reserves and Surplus (as of March 31, 2026): ₹2,49,121.85

Earnings Per Share (₹5 face value)

  • Basic EPS: ₹10.43 (Q1 FY27) vs ₹8.53 (Q1 FY26)
  • Diluted EPS: ₹10.43 (Q1 FY27) vs ₹8.53 (Q1 FY26)

Segment Information (Standalone)

Segment Revenue (₹ in Lakhs)

  • Abrasives: ₹38,689.38
  • Ceramics & Plastics: ₹34,003.10
  • Digital Services: ₹5,878.17
  • Others: ₹1,271.02
  • Total Segment Revenue: ₹79,841.67
  • Less: Inter-Segment Revenue: ₹456.08
  • Revenue from Operations: ₹79,385.59

Segment Results (₹ in Lakhs)

  • Abrasives: ₹4,898.37
  • Ceramics & Plastics: ₹7,515.52
  • Digital Services: ₹1,408.73
  • Others: ₹244.96
  • Total Segment Results: ₹14,067.58

Segment Assets (₹ in Lakhs)

  • Abrasives: ₹83,350.89
  • Ceramics & Plastics: ₹91,739.83
  • Digital Services: ₹9,275.38
  • Others: ₹3,768.72
  • Unallocated: ₹1,64,718.54
  • Total Segment Assets: ₹3,52,853.36

Segment Liabilities (₹ in Lakhs)

  • Abrasives: ₹33,004.30
  • Ceramics & Plastics: ₹31,754.79
  • Digital Services: ₹9,224.19
  • Others: ₹1,898.35
  • Unallocated: ₹12,254.87
  • Total Segment Liabilities: ₹88,136.50

Consolidated Segment Information

Segment Revenue (₹ in Lakhs)

  • Abrasives: ₹38,689.38
  • Ceramics & Plastics: ₹35,390.11
  • Digital Services: ₹5,878.17
  • Others: ₹1,271.02
  • Total Segment Revenue: ₹81,228.68
  • Less: Inter-Segment Revenue: ₹899.38
  • Revenue from Operations: ₹80,329.30

Segment Results (₹ in Lakhs)

  • Abrasives: ₹4,898.37
  • Ceramics & Plastics: ₹7,497.16
  • Digital Services: ₹1,408.73
  • Others: ₹244.96
  • Total Segment Results: ₹14,049.22

Segment Assets (₹ in Lakhs)

  • Abrasives: ₹83,350.89
  • Ceramics & Plastics: ₹95,709.49
  • Digital Services: ₹9,275.38
  • Others: ₹3,768.72
  • Unallocated: ₹1,64,718.54
  • Total Segment Assets: ₹3,56,823.02

Segment Liabilities (₹ in Lakhs)

  • Abrasives: ₹33,004.30
  • Ceramics & Plastics: ₹32,711.36
  • Digital Services: ₹9,224.19
  • Others: ₹1,898.35
  • Unallocated: ₹12,254.87
  • Total Segment Liabilities: ₹89,093.07

Entities Included in Consolidation

The consolidated financial results include:

  • Parent Company: Grindwell Norton Limited
  • Subsidiary: Saint-Gobain Ceramic Materials Bhutan Private Limited
  • Joint Venture: Advanced Synthetic Minerals Private Limited (equity method)
  • Associate: Cleanwin Energy Three LLP (not entitled to share of profit/loss per contractual terms)

The unaudited financial results of the subsidiary reflect total revenue of ₹1,583.51 lakhs and net loss after tax of ₹65.65 lakhs for the quarter. The joint venture contributed net profit after tax of ₹44.11 lakhs for the quarter.

Auditor Review

The limited review was conducted by Kalyaniwalla & Mistry LLP (Firm Regn. No.: 104607W / W100166) in accordance with Standard on Review Engagements (SRE) 2410. The auditors concluded that nothing came to their attention that causes them to believe that the financial results contain any material misstatement.

Note on Comparative Figures

The figures for the quarter ended March 31, 2026, are balancing figures between audited figures for the full financial year and published unaudited year-to-date figures up to the end of the third quarter of the previous financial year.

Availability of Results

The financial results are available on the BSE Limited website (www.bseindia.com), National Stock Exchange of India Limited website (www.nseindia.com), and the Company's website (www.grindwellnorton.co.in).