Stable FY19 despite higher input and energy costs For FY19, Grindwell Norton (GNL) reported stable growth of 11.7% YoY in topline, led by healthy growth in ceramics, abrasives and plastics segment. The same grew 29.3% YoY, 9.2% YoY and 14.5% YoY, respectively. Plastics segment grew tepid this year, due to slower offtake in auto segment (~30% sales come from this segment). EBIT margin for abrasives, C&P; segment and others segment were at 13.8%, 15.2% and 23.5%, respectively. For FY19, GNL witnessed higher input prices, energy costs and foreign exchange...