Integrated Filing — IndAS



General information about company
Scrip Code 506076
NSE Symbol GRINDWELL
MSEI Symbol NA
ISIN INE536A01023
Name of company GRINDWELL NORTON LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 25-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 10-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 25-Jul-2025   12:30:00
End date and time of board meeting 25-Jul-2025   13:40:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
No loans taken or debt securities issued by the Company during the period.



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 6938583000
Other income 238250000
Total income 7176833000
2 Expenses
(a) Cost of materials consumed 2392330000
(b) Purchases of stock-in-trade 1102166000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -320591000
(d) Employee benefit expense 842124000
(e) Finance costs 20740000
(f) Depreciation, depletion and amortisation expense 252109000
(f) Other Expenses
1 Other Expenses 1630000000 1630000000
Total other expenses 1630000000
Total expenses 5918878000
3 Total profit before exceptional items and tax 1257955000
4 Exceptional items 0
5 Total profit before tax 1257955000
6 Tax expense
7 Current tax 316036000
8 Deferred tax -2023000
9 Total tax expenses 314013000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 943942000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period 943942000
17 Other comprehensive income net of taxes 34016000
18 Total Comprehensive Income for the period 977958000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 553600000
Face value of equity share capital 5
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 8.53
Diluted earnings (loss) per share from continuing operations 8.53
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 8.53
Diluted earnings (loss) per share from continuing and discontinued operations 8.53
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1 The unaudited Standalone Financial Results for the quarter ended June 30 2025 standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on July 25 2025. The Statutory Auditors of Grindwell Norton Limited the Company have carried out a limited review of the above standalone financial results. These standalone financial results are prepared and published in accordance with Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 as amended. n2 The Standalone financial results are prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting Ind AS 34 as prescribed under Section 133 of the Companies Act 2013 read with the relevant Rules issued thereunder and other accounting principles generally accepted in India. n3 The figures for the quarter ended March 31 2025 are the balancing figures between audited figures for the full financial year and the published year to date figures upto third quarter of the financial year ended March 31 2025. n4 The Segment wise information as required under Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015 as amended is furnished in Annexure I. n5 The standalone financial results are available on the BSE Limited website www.bseindia.com National Stock Exchange of India Limited website www.nseindia.com and on the Companys websitewww.grindwellnorton.co.in. n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Abrasives 3515760000 3515760000
2 Ceramics and Plastics 2852876000 2852876000
3 Digital Services 509039000 509039000
4 Others 109488000 109488000
Total Segment Revenue 6987163000
Less: Inter segment revenue 48580000 48580000
Revenue from operations 6938583000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Abrasives 451577000 451577000
2 Ceramics and Plastics 517206000 517206000
3 Digital Services 142913000 142913000
4 Others 17364000 17364000
Total Profit before tax 1129060000
i. Finance cost 20740000 20740000
ii. Other Unallocable Expenditure net off Unallocable income -149635000 -149635000
Profit before tax 1257955000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Abrasives 7899369000 7899369000
2 Ceramics and Plastics 8650323000 8650323000
3 Digital Services 1255128000 1255128000
4 Others 411700000 411700000
Total Segment Asset 18216520000 18216520000
Un-allocable Assets 13428336000 13428336000
Net Segment Asset 31644856000 31644856000
4 Segment Liabilities
Segment Liabilities
1 Abrasives 2982223000 2982223000
2 Ceramics and Plastics 3018843000 3018843000
3 Digital Services 979253000 979253000
4 Others 213326000 213326000
Total Segment Liabilities 7193645000 7193645000
Un-allocable Liabilities 1032192000 1032192000
Net Segment Liabilities 8225837000 8225837000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of post employment benefits obligations - Gain or loss 7746000 7746000
2 Change in fair value of equity instruments at Fair Value through Other Comprehensive Income FVOCI - Gain 81531000 81531000
Total Amount of items that will not be reclassified to profit and loss 89277000
2 Income tax relating to items that will not be reclassified to profit or loss 13612000
3 Amount of items that will be reclassified to profit and loss
1 Net Gain or Loss on Cash Flow Hedge -55657000 -55657000
Total Amount of items that will be reclassified to profit and loss -55657000
4 Income tax relating to items that will be reclassified to profit or loss -14008000
5 Total Other comprehensive income 34016000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Kalyaniwalla and Mistry LLP Chartered Accountants Yes 31-Jul-2027