Grindwell Norton Q2FY18 consolidated net profit rises 22% yoy

Nov 01, 2017 03:11 IST India Infoline Research Team

Grindwell Norton Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 344 2.4
EBITDA 57.8 27.0
EBITDA Margin (%) 16.8 326
Net Profit (adjusted) 36 22.0
***EBITDA margin change is bps


Reco. Price


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Grindwell Norton consolidated revenue for the quarter came in at Rs. 344 crore, registering 2.4% yoy increase.

EBITDA for the quarter rose by 27% yoy to Rs. 57.8 crore with a corresponding margin expansion of 326 bps. EBITDA margin for the quarter stood at 16.8%.

The PAT for the quarter came in at Rs. 36 crore, yoy increase of 22%.

Technical View:

Grindwell Norton Ltd is currently trading at Rs. 495, up by 24.45 points or 5.2% from its previous closing of Rs. 470.55 on the BSE.
The scrip opened at Rs. 474.90 and has touched a high and low of Rs. 500.50 and Rs. 474.85 respectively. So far 1,03,073(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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