Grindwell Norton Reports Q1 FY27 Results: Net Profit Surges 22.1% YoY to ₹115.3 Crore; Revenue Up 14.2%

Abrasives and industrial ceramics manufacturer Grindwell Norton Limited (NSE: GRINDWELL, BSE: 506076) announced its consolidated unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27). Supported by double-digit volume expansion across its core operating divisions, the Saint-Gobain group company posted a 22.10% year-on-year (YoY) growth in net profit, with total operational revenue crossing ₹800 crore.

Key Financial Highlights

Revenue from Operations: Climbed 14.19% YoY to ₹803.29 crore (₹80,329.30 lakh) in Q1 FY27, up from ₹703.46 crore (₹70,345.57 lakh) in Q1 FY26. Sequentially, top-line revenue reflected standard quarter-on-quarter trends compared to ₹842.22 crore in Q4 FY26.

Total Income: Stood at ₹827.87 crore (₹82,787.23 lakh) for the quarter, including an other income contribution of ₹24.58 crore.

Profit Before Tax (PBT): Rose 22.45% YoY to ₹154.13 crore (₹15,412.71 lakh) in Q1 FY27, compared to ₹125.87 crore in Q1 FY26.

Net Profit (PAT): Surged 22.10% YoY to ₹115.32 crore (₹11,531.64 lakh) for the quarter ended June 30, 2026, up from ₹94.44 crore recorded in the corresponding period of the previous fiscal. Net profit attributable to owners of the company stood at ₹115.51 crore.

Total Comprehensive Income: Reached ₹126.21 crore (₹12,621.38 lakh), boosted by a ₹9.96 crore gain in the fair valuation of equity instruments under OCI.

Earnings Per Share (EPS): Basic and diluted EPS increased to ₹10.43 per share (face value ₹5/- each) for the quarter, compared to ₹8.53 per share in Q1 FY26.

Segment-Wise Operational Performance

Grindwell Norton operates across four primary business segments:

Abrasives: Generated segment revenue of ₹386.89 crore (up 10.05% YoY from ₹351.58 crore in Q1 FY26), yielding a segment profit before interest and tax of ₹48.98 crore (up 8.47% YoY).

Ceramics & Plastics: Produced the sharpest segment growth, surging 18.79% YoY to ₹353.90 crore (versus ₹297.92 crore in Q1 FY26). Segment profit jumped 44.49% YoY to ₹74.97 crore (versus ₹51.89 crore in Q1 FY26).

Digital Services: Expanded 15.48% YoY to ₹58.78 crore (compared to ₹50.90 crore in Q1 FY26), delivering a segment result of ₹14.09 crore.

Others: Contributed ₹12.71 crore in revenue and ₹2.45 crore in segment profit for the quarter.

Inter-Segment Eliminations: Inter-segment revenue for the quarter was recorded at ₹8.99 crore.

Cost Structure & Expenditure Analysis

Consolidated total expenses for Q1 FY27 came in at ₹674.19 crore (₹67,418.63 lakh), up 12.06% YoY compared to ₹601.64 crore in Q1 FY26:

Material Costs & Inventories: Cost of materials consumed stood at ₹278.06 crore (versus ₹238.83 crore in Q1 FY26), while purchases of stock-in-trade totaled ₹109.05 crore. Inventory changes reflected an addition credit of ₹25.82 crore.

Employee Benefits Expense: Rose 14.11% YoY to ₹97.19 crore (₹9,718.51 lakh), compared to ₹85.17 crore in Q1 FY26.

Other Expenses: Totaled ₹187.81 crore (₹18,781.11 lakh), compared to ₹169.00 crore in Q1 FY26.

Depreciation & Amortization: Recorded at ₹26.53 crore.

Finance Costs: Reduced by 36.37% YoY to ₹1.38 crore (₹137.76 lakh), down from ₹2.16 crore in Q1 FY26.
Balance Sheet Position & Provisions

Total tax expense for Q1 FY27 was ₹38.81 crore (₹3,881.07 lakh), comprising a current tax provision of ₹40.40 crore and a deferred tax credit of ₹1.59 crore.

As of June 30, 2026, total consolidated segment assets expanded to ₹3,568.23 crore (₹3,56,823.02 lakh) compared to ₹3,437.86 crore as of March 31, 2026. Total segment liabilities stood at ₹890.93 crore (₹89,093.07 lakh). Paid-up equity share capital remained unchanged at ₹55.36 crore (face value ₹5/- per share).

Shares of Grindwell Norton Limited was last trading in BSE at Rs. 2000.85 as compared to the previous close of Rs. 2020.95. The total number of shares traded during the day was 2966 in over 435 trades.

The stock hit an intraday high of Rs. 2036.70 and intraday low of 1991.00. The net turnover during the day was Rs. 5967892.00.

Source : Equity Bulls

Keywords

GrindwellNorton INE536A01023 Q1FY27 Q1FY2027 ResultUpdate