Grindwell Norton Reports Quarterly Performance, Declares Dividend, and Announces Leadership Changes

Grindwell Norton Ltd has announced its financial results for the March quarter, reflecting consistent revenue growth and profitability. The company reported consolidated revenue from operations of 7.1 billion rupees, supported by strong demand across its industrial and consumer segments.  

Financial Overview:  
- Consolidated revenue from operations stood at 7.1 billion rupees, showcasing stable business performance.  
- Net profit reached 925.4 million rupees, reinforcing the company’s financial strength and operational efficiency.  
- The board has recommended a dividend of 17 rupees per equity share, demonstrating its commitment to shareholder returns.  

Leadership Updates:  
- Hari Singudasu has resigned as Chief Financial Officer, with the company acknowledging his contributions to its financial strategy.  
- Grindwell Norton has appointed Prakash Sabarad as the new CFO, effective immediately.  
- Sabarad brings extensive experience in financial management and strategic planning, expected to strengthen the company’s fiscal operations.  

Business Insights:  
- Grindwell Norton specializes in abrasives, ceramics, and performance materials, catering to diverse industries including automotive, construction, and manufacturing.  
- The company’s focus on innovation and cost optimization has contributed to sustained profitability.  
- Strong demand for its products continues to drive revenue growth, with expansion plans in place to enhance production capacity.  

Sources:  
Grindwell Norton Investor Reports, Economic Times, Business Standard.

 

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