Grindwell Norton Ltd Q2FY18
Consolidated Results Q2FY18: (Rs. in crore)
|EBITDA Margin (%)||16.8||326|
|Net Profit (adjusted)||36||22.0|
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%.
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.