8 May 2022 , 07:33 AM
For the full year FY22, the revenues were higher by 22.9% at Rs2,013cr. While revenue growth in the abrasives was flat due to limited building activity, the revenues from ceramics and plastics saw a sharp growth in the quarter.
However, net cash generated form operations fell by almost 40% yoy in FY22 due to higher inventory costs.
The profits from the abrasives business and the IT services were flat while the operating profits from the ceramics and plastics business grew sharply by almost 44% to boost profits on a yoy basis.
Net margins stood at 16.05% in Mar-22 quarter compared to 15.83% in Mar-21. NPM was higher sequentially compared to 13.89% in Q3. The company has declared a final dividend of Rs.5 per share to shareholders.
Financial highlights for Mar-22 compared yoy and sequentially
Grindwell Norton | |||||
Rs in Crore | Mar-22 | Mar-21 | YOY | Dec-21 | QOQ |
Total Income (Rs cr) | ₹ 558.87 | ₹ 508.80 | 9.84% | ₹ 501.88 | 11.36% |
Net Profit (Rs cr) | ₹ 89.72 | ₹ 80.54 | 11.40% | ₹ 69.70 | 28.72% |
Diluted EPS (Rs) | ₹ 8.10 | ₹ 7.27 | ₹ 6.30 | ||
Net Margins | 16.05% | 15.83% | 13.89% |
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