Grindwell Norton (506076) Q2 24/25 earnings summary

Executive summary

• Unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2024, were reviewed and approved by the Board and Audit Committee on October 30, 2024.

• Statutory auditors issued limited review reports with no material misstatements identified.

Financial highlights

• Consolidated revenue from operations for Q2 FY25 was ₹69,387 lakhs, up from ₹66,740 lakhs in Q2 FY24; H1 FY25 revenue was ₹139,946 lakhs, up from ₹133,575 lakhs year-over-year.

• Consolidated net profit for Q2 FY25 was ₹9,709 lakhs, compared to ₹9,337 lakhs in Q2 FY24; H1 FY25 net profit was ₹19,046 lakhs, compared to ₹19,919 lakhs in H1 FY24.

• Standalone revenue from operations for Q2 FY25 was ₹67,198 lakhs, up from ₹65,850 lakhs in Q2 FY24; H1 FY25 revenue was ₹136,292 lakhs, up from ₹131,859 lakhs year-over-year.

• Standalone net profit for Q2 FY25 was ₹9,404 lakhs, compared to ₹9,191 lakhs in Q2 FY24; H1 FY25 net profit was ₹18,595 lakhs, compared to ₹19,513 lakhs in H1 FY24.

• Basic and diluted EPS (consolidated) for Q2 FY25 was ₹8.69, up from ₹8.42 in Q2 FY24.

Segment performance

• Abrasives segment Q2 FY25 revenue: ₹35,200 lakhs; Ceramics & Plastics: ₹28,859 lakhs; Digital Services: ₹4,549 lakhs.

• Ceramics & Plastics segment showed year-over-year growth in both revenue and segment results.

• Segment results (profit before unallocable items and tax) for Q2 FY25: Abrasives ₹4,534 lakhs, Ceramics & Plastics ₹4,770 lakhs, Digital Services ₹1,228 lakhs.