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Grindwell Norton consolidated net profit declines 2.33% in the March 2020 quarter

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Sales decline 9.35% to Rs 364.07 crore

Net profit of Grindwell Norton declined 2.33% to Rs 41.42 crore in the quarter ended March 2020 as against Rs 42.41 crore during the previous quarter ended March 2019. Sales declined 9.35% to Rs 364.07 crore in the quarter ended March 2020 as against Rs 401.61 crore during the previous quarter ended March 2019.

For the full year,net profit rose 9.14% to Rs 182.52 crore in the year ended March 2020 as against Rs 167.24 crore during the previous year ended March 2019. Sales declined 1.01% to Rs 1566.89 crore in the year ended March 2020 as against Rs 1582.88 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales364.07401.61 -9 1566.891582.88 -1 OPM %16.5716.86 -16.8817.17 - PBDT68.5877.66 -12 300.42305.67 -2 PBT54.2466.27 -18 242.64260.44 -7 NP41.4242.41 -2 182.52167.24 9

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 20 2020. 15:59 IST
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