Grindwell Norton Ltd.

NSE: GRINDWELL | BSE: 506076 | ISIN: INE536A01023 | Industry: Abrasives & Bearings
| Falling Comet
1586.3500 38.15 (2.46%)
NSE Apr 09, 2025 15:31 PM
Volume: 19,889
 

1586.35
2.46%
ICICI Securities Limited
Revenues came in at | 416.8 crore, up 21% YoY, below our estimates of | 395.5 crore. Abrasives, ceramics and new initiatives' segment contributed 62%, 31% and 8.5%, respectively Increased contribution from higher margin segments like ceramics and new initiatives' segment led to a strong operational performance with GNL reporting 17% EBITDA margins (vs. 16.8% in Q2FY18) for the quarter. Gross margins fell 290 bps due to cost pressure in abrasives segment of the business. Employee expenses rose only...
Grindwell Norton Ltd. has an average target of 1890.00 from 1 broker.
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