1652.2000 -21.75 (-1.30%)
NSE Apr 03, 2025 15:31 PM
Volume: 14,537
 

1652.20
-1.30%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Grindwell Norton (GNL) reported strong Q3FY18 numbers, which were above our estimates on the EBITDA and PAT front. This was mostly on account of strong growth of 24.3% YoY in the ceramics segment coupled with strong EBIT margins of 15% (9.5% in Q3FY17). The abrasives segment contributed 61% of topline while the ceramics segment contributed 29% to the topline Revenues came in at | 365.4 crore, up 16.2% YoY, in line with our...
Grindwell Norton Ltd. is trading below its 50 day SMA of 1676.6
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