Grindwell Norton Q1FY21; consolidated profit falls by ~34% yoy

Th company recorded a consolidated profit of ~Rs28cr in Q1FY21.

Aug 04, 2020 02:08 IST India Infoline News Service

Quarterly Results
Grindwell Norton Ltd announced its Q1FY21 results on Aug 4, 2020. Consolidated net revenue of Grindwell Norton Ltd in Q1FY21 stood at Rs232.42cr, which declined by 43.5% yoy from Rs411.36cr in Q1FY20.

EBITDA stood at Rs19.54cr in Q1FY21 which decreased by 72.08% yoy. For Q1FY20, it had posted EBITDA of Rs69.99cr. EBITDA margin as of Q1FY21 was at 8.41% which declined by 8.60% yoy against the same quarter, the previous year.

The consolidated net profit in Q1FY21 came in at Rs28.3cr which declined by 34.05%, as compared to Q1FY20, when it had reported Rs42.91cr. The net profit margin in Q1FY21 came in at 12.18% which rose by 1.75% yoy. The net profit margin for Q1FY20 was at 10.43%.

Share price of company at 2pm is trading at Rs 497 up by 2.55%.

Particulars Q1FY21 (Rs in cr) Q1FY20 (Rs in cr) % VAR
Net Revenue 232.42 411.36 -43.50
Operating Profit 19.54 69.99 -72.08
Net Profit 28.30 42.91 -34.05
EBITDAM% 8.41 17.01 -8.60
PATM% 12.18 10.43 1.75

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