Integrated Filing — IndAS



General information about company

Scrip Code 506076
NSE Symbol GRINDWELL
MSEI Symbol NOTLISTED
ISIN INE536A01023
Name of company GRINDWELL NORTON LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 06-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 16-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
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 Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 06-02-2026   13:00:00
End date and time of board meeting 06-02-2026   14:30:00
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



Financial Results Ind-AS

Amount in (Lakhs)

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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 75,278.47 2,23,097.59
Other income 1,887.27 7,368.93
Total income 77,165.74 2,30,466.52
2 Expenses
(a) Cost of materials consumed 26,453.59 75,814.12
(b) Purchases of stock-in-trade 8,261.25 29,032.93
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 627.24 (2,200.46)
(d) Employee benefit expense 8,173.29 25,869.71
(e) Finance costs 213.77 645.85
(f) Depreciation, depletion and amortisation expense 2,696.61 7,921.03
(f) Other Expenses
1 Other Expenses 17,874.12 53,636.76
Total other expenses 17,874.12 53,636.76
Total expenses 64,299.87 1,90,719.94
3 Total profit before exceptional items and tax 12,865.87 39,746.58
4 Exceptional items 0.00 0.00
5 Total profit before tax 12,865.87 39,746.58
6 Tax expense
7 Current tax 3,235.89 10,027.88
8 Deferred tax 50.53 (16.11)
9 Total tax expenses 3,286.42 10,011.77
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 9,579.45 29,734.81
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method (21.47) 10.27
16 Total profit (loss) for period 9,557.98 29,745.08
17 Other comprehensive income net of taxes 1,107.55 2,274.57
18 Total Comprehensive Income for the period 10,665.53 32,019.65
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 9,516.76 29,650.17
Total profit or loss, attributable to non-controlling interests 41.22 94.91
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 10,624.31 31,924.74
Total comprehensive income for the period attributable to owners of parent non-controlling interests 41.22 94.91
21 Details of equity share capital
Paid-up equity share capital 5,536.00 5,536.00
Face value of equity share capital 5 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 8.6 26.78
Diluted earnings (loss) per share from continuing operations 8.6 26.78
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 8.6 26.78
Diluted earnings (loss) per share from continuing and discontinued operations 8.6 26.78
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 Consolidated Financial Results for the quarter and nine months ended December 31, 2025, (Consolidated financial results) have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 06, 2026. The Statutory Auditors of Grindwell Norton Limited (the Company) have carried out a limited review of the above Consolidated financial results. These Consolidated financial results are prepared and published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2 The Consolidated 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 3 The above consolidated financial results have been prepared in accordance with IndAS110 Consolidated Financial Statements. The consolidated financial results related to the results of the Parent Company, its Subsidiary, namely Saint Gobain Ceramic Materials Bhutan Private Limited, accompany incorporated in Bhutan (jointly referred to as the Group) and its Joint Venture entity, namely Advanced Synthetic Minerals Private Limited. The Company also has an Associate, namely Cleanwin Energy Three LLP, whereas per the contractual terms, the Company is not entitled for any share of Profit/(Loss), hence not been considered in the consolidated financial results. The unaudited financial results of the Subsidiary and the Joint Venture entity for the quarter and nine months ended December31, 2025, duly certified by the Management, have been considered whilst preparing these consolidated financial results. 4 The Government of India has notified four Labour Codes (New Labour Codes) effective November 21, 2025, thereby consolidating twenty-one existing labour laws into a comprehensive and unified framework. The Company has determined and recognised the estimated incremental obligations on gratuity amounting to Rs 100.27 Lakhs under the New Labour Codes, based on an actuarial valuation. The same has been disclosed under Employee benefits expense in the Consolidated financial results. On notification of the rules under New Labour Codes, the Company shall recognise additional impact, if any. 5 Key numbers of standalone financial results of the Company are as under: Particulars Quarter ended Nine Months Ended Year ended 31.12.2025 30.09.2025 31.12.2024 31.12.2025 30.09.2025 31.03.2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Total Income 76,047.55 79,221.19 70,115.99 227,037.07 210,324.83 281,722.40 Profit Before Tax 12,642.62 14,013.22 11,173.89 39,235.39 35,939.69 47,864.28 Net Profit 9,399.98 10,511.83 8,355.42 29,351.23 26,950.28 36,083.06 for the Period 6 The Consolidated 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 Company website, www.grindwellnorton.co.in



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Abrasives 35,877.57 1,07,664.56
2 Ceramics & Plastics 32,073.88 95,009.55
3 Digital Services 5,690.41 16,199.33
4 Others 2,434.49 6,743.63
Total Segment Revenue 76,076.35 2,25,617.07
Less: Inter segment revenue 797.88 2,519.48
Revenue from operations 75,278.47 2,23,097.59
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Abrasives 4,459.91 13,696.45
2 Ceramics & Plastics 5,024.68 15,972.71
3 Digital Services 1,451.30 4,279.33
4 Others 412.69 1,248.42
Total Profit before tax 11,348.58 35,196.91
i. Finance cost 213.77 645.85
ii. Other Unallocable Expenditure net off Unallocable income (1,709.59) (5,205.79)
Profit before tax 12,844.40 39,756.85
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Abrasives 74,591.91 74,591.91
2 Ceramics & Plastics 91,850.54 91,850.54
3 Digital Services 10,324.85 10,324.85
4 Others 2,799.15 2,799.15
Total Segment Asset 1,79,566.45 1,79,566.45
Un-allocable Assets 1,49,149.90 1,49,149.90
Net Segment Asset 3,28,716.35 3,28,716.35
4 Segment Liabilities
Segment Liabilities
1 Abrasives 34,403.27 34,403.27
2 Ceramics & Plastics 33,460.59 33,460.59
3 Digital Services 9,073.89 9,073.89
4 Others 2,306.47 2,306.47
Total Segment Liabilities 79,244.22 79,244.22
Un-allocable Liabilities 9,092.58 9,092.58
Net Segment Liabilities 88,336.80 88,336.80
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
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/(Loss) (1.83) (118.21)
2 Change in fair value of equity instruments at Fair Value through Other Comprehensive Income (FVOCI) - Gain 944.94 2,697.85
Total Amount of items that will not be reclassified to profit and loss 943.11 2,579.64
2 Income tax relating to items that will not be reclassified to profit or loss 134.67 189.16
3 Amount of items that will be reclassified to profit and loss
1 Net Gain /(Loss) on Cash Flow Hedge 399.71 (154.89)
Total Amount of items that will be reclassified to profit and loss 399.71 (154.89)
4 Income tax relating to items that will be reclassified to profit or loss 100.60 (38.98)
5 Total Other comprehensive income 1,107.55 2,274.57





Details of Impact of Audit Qualification

Amount in (Lakhs)

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 M/s. Kalyaniwalla & Mistry LLP Yes 31-07-2027