1777.9000 -2.35 (-0.13%)
NSE Mar 25, 2025 13:02 PM
Volume: 32,251
 

1777.90
-0.13%
ICICI Securities Limited
Grindwell Norton (GNL) reported strong Q4FY21 numbers across operational parameters owing to better demand, favourable product mix and revival in key sectors like automotive, industrial, construction, engineering amid economic recovery. Revenues came in at | 508.8 crore, up a strong 39.1% YoY (amid low base) while it grew 11.2% on a QoQ basis, primarily aided by strong performance in the ceramics & plastic segment. Revenue contribution from abrasives, ceramics & IT services were at ~60%, ~32.5% & ~6.5%, respectively. Overall, EBITDA margins were at 22.2%,...
Grindwell Norton Ltd. is trading below its 100 day SMA of 1887.7
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