Grindwell Norton's Profit in FY25 Down by 3.3%
By Ankur Chandra | Updated at: May 31, 2025 10:43 PM IST
Mumbai, May 29, 2025 – Grindwell Norton Ltd (NSE: GRINDWELL), part of the Saint-Gobain Group, presented its FY25 financials and strategic update during its Analyst Meet. The company posted steady revenue growth driven by strong domestic performance and focused investments, though profitability saw slight moderation due to increased depreciation.
FY25 Financial Overview (Standalone & Consolidated)
| Particulars | FY24 | FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations (₹ Cr) | 2,687 | 2,812 | +4.6% |
| EBIT (₹ Cr) | 516 | 501 | -2.9% |
| Net Profit (PAT) (₹ Cr) | 384 | 371 | -3.3% |
| EBIT Margin (%) | 19.2% | 17.8% | -140 bps |
| Return on Business Assets (%) | 41.2% | 39.5% | -170 bps |
| Business Asset Turnover (x) | 2.37 | 2.52 | +6.3% |
The company attributed the EBIT drop primarily to higher depreciation charges.
Segment-Wise Revenue & Profitability
| Segment | FY25 Revenue (₹ Cr) | YoY Growth | FY25 EBIT (₹ Cr) | YoY Change |
|---|---|---|---|---|
| Abrasives | 1,403 | +3.3% | 181 | -4.3% |
| Ceramics & Plastics (C&P) | 1,189 | +7.9% | 201 | -3.3% |
While abrasives saw stable volumes, the Ceramics & Plastics (C&P) segment outpaced with an 18.8% CAGR over FY20–25. Domestic revenue growth (13.4% CAGR) outperformed exports (6.8% CAGR).
Dividend Announcement
Grindwell Norton proposed a final dividend of ₹17.00 per share for FY25, consistent with FY24 and part of its rising payout trend since FY20.
| FY | Dividend (₹/share) |
|---|---|
| FY20 | 7.50 |
| FY21 | 9.50 |
| FY22 | 12.00 |
| FY23 | 14.50 |
| FY24 | 17.00 |
| FY25 | 17.00 (Proposed) |
Strategic Moves & ESG Progress
Capex between FY21–FY25 included:
- Non-Woven line (2024)
- PPS C-Flex extrusion (2023)
- Halol PCR and LS expansion
Sustainability efforts (2017–2024) led to:
- 38% cut in CO₂ (Scope 1)
- 36% reduction in energy usage
- 55% drop in water consumption
- Shift to electric kilns saved ~960 tons of CO₂
Future Outlook
Management reaffirmed its focus on innovation-led growth in abrasives and C&P, digitalisation, ESG development, and domestic market expansion. The company remains a prominent player in India’s advanced materials sector, backed by Saint-Gobain’s global strength.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
REF: https://nsearchives.nseindia.com/corporate/GRINDWELL_29052025093648_SE_intimation-presentation2025.pdf
