Grindwell Norton (NSE: GRINDWELL) is a leading manufacturer of abrasives, ceramics, and high-performance refractories. The company was established in 1941 and is a part of the Saint-Gobain Group. Grindwell Norton has a strong presence in India and also exports its products to over 50 countries worldwide. The company’s products are used in a wide range of applications, including cutting, grinding, polishing, and surface finishing.
In terms of earnings, Revenue from Operations for Q3 FY23 was ₹599.87 crore, a 20% increase from ₹499.75 crore in the same period last year. The Consolidated Net Profit was ₹79.97 crore, up 15% from ₹69.65 crore in the same quarter last year. This quarter’s earnings per share was ₹7.24. The Abrasives segment is the largest contributor to Grindwell Norton’s revenue, and in Q3 2022, it reported revenue growth of 9% year on year up to ₹308.89 crore. The Ceramics segment also performed well, with revenue growth of 39% compared to the same quarter previous year. The IT services and Others segment reported revenue of ₹40.91 Crore & ₹13.42 crore respectively.