Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 3.95 % in the past year, substantial increase in net sales/revenue by 4.72 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -18.91 %, Marginal increase in other income during this quarter, up by 16.25%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Grindwell Norton Ltd.. Profit dropped by -5.9 % Year to Year, Grindwell Norton Ltd.’s profitability increased by 0.64 % in this quarter.
- EPS over the Year and quarter: EPS declined by -6.70 % Year to Year. EPS increased by 0.48 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 664.8 Cr | Rs. 659.94 Cr | Rs. 691.08 Cr | + 4.72 % | + 3.95 % |
| Expenses | Rs. 535.51 Cr | Rs. 532.13 Cr | Rs. 566.08 Cr | + 6.38 % | + 5.71 % |
| Operating Profit | Rs. 129.29 Cr | Rs. 127.81 Cr | Rs. 125 Cr | -2.2 % | -3.32 % |
| OPM % | 19.45 % | 19.37 % | 18.09 % | -1.28 % | -1.36 % |
| Other Income | Rs. 20.73 Cr | Rs. 14.46 Cr | Rs. 16.81 Cr | + 16.25 % | -18.91 % |
| Interest | Rs. 1.84 Cr | Rs. 1.92 Cr | Rs. 1.87 Cr | -2.6 % | + 1.63 % |
| Depreciation | Rs. 15.29 Cr | Rs. 17.61 Cr | Rs. 19.66 Cr | + 11.64 % | + 28.58 % |
| Profit before tax | Rs. 132.89 Cr | Rs. 122.74 Cr | Rs. 120.28 Cr | -2 % | -9.49 % |
| Tax % | 25.8 % | 24.89 % | 22.86 % | -2.03 % | -2.94 % |
| Net Profit | Rs. 98.49 Cr | Rs. 92.09 Cr | Rs. 92.68 Cr | + 0.64 % | -5.9 % |
| EPS in Rs | Rs. 8.96 | Rs. 8.32 | Rs. 8.36 | + 0.48 % | -6.7 % |
Today, we’re looking at Grindwell Norton Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 3.95 %. However, it did see a marginal increase of 4.72 % from the previous quarter. Expenses ticked up slightly by 6.38 % quarter-on-quarter, aligning with the annual rise of 5.71 %. Operating profit, while down -3.32 % compared to last year, faced a quarter-on-quarter dip of -2.2 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.36 %, but a shrinkage of -1.28 % sequentially. Other income rose by 16.25 % compared to the last quarter, despite an annual decline of -18.91 %. Interest expenses dropped significantly by -2.6 % from the previous quarter, yet the year-over-year increase remains at a moderate 1.63 %. Depreciation costs climbed by 11.64 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 28.58 %. Profit before tax declined annually by -9.49 % but saw a reduction from the preceding quarter by -2 %.
Tax expenses as a percentage of profits decreased slightly by -2.94 % compared to last year, with a more notable quarter-on-quarter decrease of -2.03 %. Net profit fell by -5.9 % year-on-year but experienced a 0.64 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -6.7 % but a quarterly rise of 0.48 %. In summary, Grindwell Norton Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 664.8 Cr | Rs. 659.94 Cr | Rs. 691.08 Cr | + 4.72 % | + 3.95 % |
| Expenses | Rs. 535.51 Cr | Rs. 532.13 Cr | Rs. 566.08 Cr | + 6.38 % | + 5.71 % |
| Operating Profit | Rs. 129.29 Cr | Rs. 127.81 Cr | Rs. 125 Cr | -2.2 % | -3.32 % |
| Net Profit | Rs. 98.49 Cr | Rs. 92.09 Cr | Rs. 92.68 Cr | + 0.64 % | -5.9 % |
| EPS in Rs | Rs. 8.96 | Rs. 8.32 | Rs. 8.36 | + 0.48 % | -6.7 % |
In reviewing Grindwell Norton Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.95 % year-on-year growth, however, there was a minor increase of 4.72 % from the previous quarter. Expenses rose by 5.71 % compared to the previous year, with a 6.38 % increase quarter-on-quarter. Operating Profit dropped by -3.32 % annually, and saw a -2.2 % decrease from the last quarter.
Net Profit showed yearly decrease of -5.9 %, and experienced a 0.64 % increase from the previous quarter. Earnings Per Share (EPS) fell by -6.7 % annually, however rose by 0.48 % compared to the last quarter. In essence, while Grindwell Norton Ltd. faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
