GRINDWELL2024-01-012024-03-31 GRINDWELL2024-01-012024-03-31 GRINDWELL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member GRINDWELL2024-03-31 GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue03Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue04Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue03Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue04Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults03Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults04Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults03Member GRINDWELL2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults04Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets03Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets04Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member GRINDWELL2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member GRINDWELL2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member GRINDWELL2024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member GRINDWELL2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities04Member GRINDWELL2024-03-31in-bse-fin:OneReportableSegmentLiabilities04Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 506076 GRINDWELL NOTELISTED Grindwell Norton Limited Equity 2023-04-01 2024-03-31 2024-05-06 2024-04-16 INR Lakhs Yearly 12:30:00 14:30:00 2024-05-06 2024-05-06 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2024-01-01 2024-03-31 Audited Consolidated 6910800000.00 172900000.00 7083700000.00 2133700000.00 897100000.00 118000000.00 897600000.00 18700000.00 196600000.00 1614400000.00 5876100000.00 1207600000.00 0.00 1207600000.00 260800000.00 15200000.00 276000000.00 0.00 931600000.00 0.00 0.00 0.00 -4800000.00 926800000.00 256600000.00 1183400000.00 926100000.00 700000.00 1182700000.00 700000.00 553600000.00 5 8.36 8.36 0.00 0.00 8.36 8.36 1. The Consolidated Financial Results for the qtr and yr ended March 31, 2024, (CFR) have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 6, 2024. These CFR have been subject to an audit by the statutory auditor of Company ( the Parent Company , the Company ), who have expressed an unmodified opinion thereon. These CFR are prepared and published in accordance with Reg 33 of the SEBI Listing Regulations. 4, The above CFR have been prepared in accordance with Ind AS 110. The CFR consist of the results of the Parent Company, its Subsidiary, namely Saint Gobain Ceramic Materials Bhutan Private Limited, Joint Venture entities - SG Shinagawa Refractories India Private Limited (upto Nov 30, 23 – Refer Note No. 7 below) and Advanced Synthetic Minerals Private Limited (from January 24, 2024 - Refer Note No. 8 below) and its Associate - Cleanwin Energy Three LLP. As per the current contractual terms, the Company is not entitled for any share of Profit/(Loss) in its Associate - Cleanwin Energy Three LLP. The unaudited CFR of the Subsidiary and the Joint Venture entities, duly certified by the Management, have been considered whilst preparing these CFR. 6. Key numbers of Standalone Financial Results of the Company are as under: Rs. in Lakhs Particulars Quarter ended Year ended 31-03-2024 31-12-2023 31-03-2023 31-03-2024 31-03-2023 (Refer note 3) (Unaudited) (Refer note 3) (Audited) (Audited) Total Income 69,874 66,547 68,038 271,999 257,976 Profit before tax 12,154 12,210 13,751 50,483 49,084 Net Profit for the period 9,350 9,209 10,218 38,072 36,591 7. The Company has executed a Share Sale and Purchase Agreement with Shinagawa Refractories Co. Ltd. (Japan), and SG Shinagawa Refractories India Private Limited (SGSR) for the sale of 49% of its equity stake held in SGSR on Oct 26, 23, for a consideration of Rs. 807 lakhs. The closing transfer procedures have been completed on November 30, 2023. The Company has accounted for the loss on sale of investment of Rs.35 Lakhs as an exceptional item in the CFR. 8.The Board of Directors at its meeting held on Dec 22, 2023, considered and approved the investment of Rs.1,500 lakhs towards acquiring a 49% stake in the equity share capital in Advanced Synthetic Minerals Private Limited (“ASMPL”). Subsequent to this approval, the Company executed Agreement with ASMPL and its promoters on Jan 17, 24. The Company subscribed to 49% equity shares offered by ASMPL on January 24, 2024. 12. Dividend of Rs. 17- per share of Rs. 5 /- each, has been recommended by the Board of Directors, in the Board meeting held on May 6, 2024, which is subject to the approval of shareholders at the ensuing Annual General Meeting. 14. Previous period figures have been re-grouped / re-classified wherever necessary, conform to current period‘s classification. The details of regrouping are as follows - Regrouped to Regrouped from Amount (Rs. in Lakhs) Reasons Provisions - Current Trade payables 115 For appropriate disclosures Provisions - Non Current Trade payables 1,838 For appropriate disclosures Multi segment 2023-04-01 2024-03-31 Audited Consolidated 26867700000.00 683100000.00 27550800000.00 8835600000.00 3333200000.00 -102300000.00 3257900000.00 77600000.00 708800000.00 6348900000.00 22459700000.00 5091100000.00 -3500000.00 5087600000.00 1220300000.00 23500000.00 1243800000.00 0.00 3843800000.00 0.00 0.00 0.00 -4200000.00 3839600000.00 248400000.00 4088000000.00 3836500000.00 3100000.00 4084900000.00 3100000.00 553600000.00 5 20080600000.00 34.65 34.65 0.00 0.00 34.65 34.65 Other Expenses 1614400000.00 Other Expenses 6348900000.00 114900000.00 5821500000.00 1274600000.00 800300000.00 467900000.00 467200000.00 3200000.00 0.00 146700000.00 2274200000.00 77800000.00 291200000.00 2643200000.00 40100000.00 298300000.00 11963000000.00 4876100000.00 4472600000.00 3574600000.00 491000000.00 1639400000.00 15400000.00 215200000.00 10408200000.00 0.00 448900000.00 15733200000.00 0.00 0.00 27696200000.00 553600000.00 19999300000.00 20552900000.00 20667800000.00 63600000.00 541100000.00 604700000.00 496200000.00 221000000.00 0.00 3100000.00 1325000000.00 116900000.00 3623700000.00 1052700000.00 4793300000.00 480000000.00 351100000.00 79000000.00 0.00 5703400000.00 0.00 0.00 7028400000.00 27696200000.00 Abrasives 3660400000.00 Ceramics & Plastics 2763800000.00 Digital Services 450700000.00 Other 86200000.00 Abrasives 13583200000.00 Ceramics & Plastics 11018200000.00 Digital Services 1889200000.00 Other 540900000.00 6961100000.00 27031500000.00 50300000.00 163800000.00 6910800000.00 26867700000.00 Abrasives 525700000.00 Ceramics & Plastics 448900000.00 Digital Services 126100000.00 Other 10200000.00 Abrasives 1894200000.00 Ceramics & Plastics 2074500000.00 Digital Services 613900000.00 Other 100100000.00 1110900000.00 4682700000.00 18700000.00 77600000.00 -110600000.00 -478300000.00 1202800000.00 5083400000.00 Abrasives 7937100000.00 Ceramics & Plastics 8569400000.00 Digital Services 804700000.00 Other 519100000.00 17830300000.00 9865900000.00 27696200000.00 Abrasives 2816000000.00 Ceramics & Plastics 2738800000.00 Digital Services 705800000.00 Other 212000000.00 6472600000.00 555800000.00 7028400000.00 77600000.00 -236600000.00 -773200000.00 0.00 49500000.00 -800000.00 -101900000.00 0.00 0.00 825300000.00 0.00 -63000000.00 -1100000.00 708800000.00 0.00 84600000.00 0.00 -90300000.00 0.00 2100000.00 94100000.00 151200000.00 16400000.00 0.00 0.00 0.00 0.00 -286000000.00 0.00 -33900000.00 5053700000.00 0.00 0.00 0.00 1374300000.00 0.00 3679400000.00 0.00 0.00 0.00 0.00 80700000.00 150000000.00 0.00 0.00 33600000.00 1723700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 94100000.00 118400000.00 0.00 -269900000.00 0.00 -1816800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 80100000.00 56000000.00 46800000.00 89800000.00 1605400000.00 30800000.00 0.00 -19000000.00 -1767700000.00 94900000.00 0.00 94900000.00 396100000.00 491000000.00 317100000.00 306200000.00 60500000.00 57800000.00