Grindwell Norton quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	884	775	+14.1%
EBITDA	166	141	+18.3%
EBITDA margin	18.8%	18.2%	+0.7 pts
Profit before tax	177	143	+23.7%
Net profit	133	107	+24.0%
EPS	₹11.99	₹9.65	+24.2%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	884	803	842	753	775	703	710	703	694	706	691	660	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	39.5	24.6	21.2	18.9	31.0	23.8	22.7	18.0	23.4	15.8	17.3	13.8
	923	828	863	772	806	727	732	721	717	721	708	674
	326	278	252	265	255	239	219	227	232	227	213	209
	117	109	102	82.6	97.5	110	82.2	84.7	89.1	90.9	89.7	79.0
	−17.4	−25.8	44.7	6.3	1.4	−29.6	24.8	11.1	−14.4	2.8	11.8	2.5
	99.8	97.2	91.4	81.7	91.8	85.2	82.6	82.3	82.5	89.7	89.8	78.2
	1.7	1.4	1.7	2.1	2.2	2.2	2.5	2.1	2.3	2.5	1.9	1.9
	27.2	26.5	25.9	27.0	26.3	25.9	24.9	23.5	22.8	21.4	19.7	17.6
	192	188	188	179	189	169	174	174	175	162	161	164
	746	674	706	643	663	602	610	605	590	596	588	552
	166	157	164	139	141	130	127	123	129	133	125	128
	139	130	138	112	114	104	102	100.0	106	112	105	110
Profit
	177	154	158	129	143	126	123	116	128	125	121	122
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.4
	177	154	158	129	143	126	123	116	128	125	121	122
	45.6	40.4	38.1	32.4	36.3	31.6	27.5	27.0	30.2	30.6	26.1	31.2
	−1.2	−1.6	0.4	0.5	−0.5	−0.2	2.6	1.2	0.2	1.4	1.5	−0.9
	44.4	38.8	38.5	32.9	35.8	31.4	30.1	28.2	30.4	32.0	27.6	30.3
	0.5	0.4	−0.0	−0.2	0.1	0.2	0.2	0.3	−0.0	0.4	−0.5	0.6
	133	115	119	95.6	107	94.4	92.8	88.0	97.1	93.4	92.7	92.1
	133	115	119	95.8	107	94.2	92.6	87.6	97.1	93.0	93.2	91.5
	16.3	10.9	25.6	11.1	8.3	3.4	−2.8	20.5	0.0	0.0	25.7	−0.2
	149	126	145	107	116	97.8	90.0	108	97.1	93.4	118	91.9
	133	116	119	95.2	107	94.5	92.5	86.8	97.1	93.2	92.6	92.2
	0.5	−0.2	0.6	0.4	0.5	−0.0	0.3	1.1	0.0	0.2	0.1	−0.1
Per share
	₹11.99	₹10.43	₹10.73	₹8.60	₹9.65	₹8.53	₹8.36	₹7.84	₹8.69	₹8.42	₹8.36	₹8.32
	₹11.99	₹10.43	₹10.73	₹8.60	₹9.65	₹8.53	₹8.36	₹7.84	₹8.69	₹8.42	₹8.36	₹8.32
Other comprehensive income — detail
	16.3	10.9	25.6	11.1	8.3	3.4	−2.8	—	—	—	—	—
	19.7	10.2	30.1	9.4	7.4	8.9	1.8	25.1	—	—	31.7	−0.3
	3.0	1.5	4.5	1.3	−0.8	1.4	4.6	—	—	—	—	—
	—	—	—	—	—	—	—	4.6	0.0	0.0	6.1	−0.1
	−0.6	2.9	−0.0	4.0	0.0	−5.6	—	—	—	—	—	—
	−0.1	0.7	−0.0	1.0	0.0	−1.4	—	—	—	—	—	—
	149	126	144	106	115	97.9	89.1	107	96.2	93.2	118	91.9
	0.5	−0.2	0.6	0.4	0.5	−0.0	0.3	1.1	0.9	0.2	0.1	−0.1
Per share — as-filed variants
	₹11.99	₹10.43	₹10.73	₹8.60	₹9.65	₹8.53	₹8.36	₹7.84	₹8.69	₹8.42	₹8.36	₹8.32
	₹11.99	₹10.43	₹10.73	₹8.60	₹9.65	₹8.53	₹8.36	₹7.84	₹8.69	₹8.42	₹8.36	₹8.32
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	458	442	444	399	421	384	383	380	387	385	376	370
	51.8%	55.0%	52.7%	53.1%	54.4%	54.6%	54.0%	54.1%	55.7%	54.6%	54.4%	56.0%
Adjusted (ex-exceptional items) — derived
	177	154	158	129	143	126	123	116	128	125	121	122
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.4
	133	115	119	95.6	107	94.4	92.8	88.0	97.1	93.4	92.7	92.4
	₹11.99	₹10.43	₹10.73	₹8.60	₹9.65	₹8.53	₹8.36	₹7.84	₹8.69	₹8.42	₹8.36	₹8.34

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

GRINDWELL₹1,955.20

Grindwell Norton Limited

· Capital Goods & Defence

Annual Quarterly₹ CrorePeersWENDT NIBLMcap ₹21,648 Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	659.9	691.1	705.6	693.9	702.6	709.5	703.5	774.7	752.8	842.2	803.3	883.7
Other Income	13.8	17.3	15.8	23.4	18.0	22.7	23.8	31.0	18.9	21.2	24.6	39.5
Total Income	673.8	708.4	721.4	717.3	720.6	732.3	727.3	805.7	771.7	863.4	827.9	923.1
Expenses
+ Cost of Materials Consumed	208.7	213.4	226.7	232.4	226.7	219.1	238.8	254.8	264.5	252.0	278.1	326.4
+ Purchases of Stock-in-Trade	79.0	89.7	90.9	89.1	84.7	82.2	110.2	97.5	82.6	101.7	109.0	116.5
+ Changes in Inventories	2.5	11.8	2.8	-14.4	11.1	24.8	-29.6	1.4	6.3	44.7	-25.8	-17.4
+ Employee Benefit Expense	78.2	89.8	89.7	82.5	82.3	82.6	85.2	91.8	81.7	91.4	97.2	99.8
+ Finance Costs	1.9	1.9	2.5	2.3	2.1	2.5	2.2	2.2	2.1	1.7	1.4	1.7
+ Depreciation & Amortisation	17.6	19.7	21.4	22.8	23.5	24.9	25.9	26.3	27.0	25.9	26.5	27.2
+ Other Expenses	163.7	161.4	162.4	175.0	174.4	173.5	169.0	188.6	178.7	188.2	187.8	191.9
Total Expenses	551.7	587.6	596.4	589.7	604.8	609.6	601.6	662.6	643.0	705.6	674.2	746.1
EBITDA	127.8	125.0	133.1	129.2	123.4	127.3	129.9	140.7	138.9	164.2	157.0	166.5
EBIT	110.2	105.3	111.7	106.4	100.0	102.4	104.0	114.3	111.9	138.3	130.5	139.3
Profit
PBT before Exceptional Items	122.1	120.8	125.0	127.5	115.8	122.7	125.6	143.2	128.7	157.8	153.7	177.1
+ Exceptional Items	-0.4	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Pretax Income	121.8	120.8	125.0	127.5	115.8	122.7	125.6	143.2	128.7	157.8	153.7	177.1
+ Current Tax	31.2	26.1	30.6	30.2	27.0	27.5	31.6	36.3	32.4	38.1	40.4	45.6
+ Deferred Tax	-0.9	1.5	1.4	0.2	1.2	2.6	-0.2	-0.5	0.5	0.4	-1.6	-1.2
Tax Expense	30.3	27.6	32.0	30.4	28.2	30.1	31.4	35.8	32.9	38.5	38.8	44.4
+ Share of Associates & JVs	0.6	-0.5	0.4	-0.0	0.3	0.2	0.2	0.1	-0.2	-0.0	0.4	0.5
Net Income	92.1	92.7	93.4	97.1	88.0	92.8	94.4	107.4	95.6	119.3	115.3	133.2
+ Net Income — Continuing Ops	91.5	93.2	93.0	97.1	87.6	92.6	94.2	107.3	95.8	119.4	114.9	132.6
+ Other Comprehensive Income	-0.2	25.7	0.0	0.0	20.5	-2.8	3.4	8.3	11.1	25.6	10.9	16.3
Total Comprehensive Income	91.9	118.3	93.4	97.1	108.4	90.0	97.8	115.7	106.7	144.9	126.2	149.5
Net Income to Common	92.2	92.6	93.2	97.1	86.8	92.5	94.5	106.9	95.2	118.7	115.5	132.7
Minority Interest	-0.1	0.1	0.2	0.0	1.1	0.3	-0.0	0.5	0.4	0.6	-0.2	0.5
Per Share
Basic EPS	8.32	8.36	8.42	8.69	7.84	8.36	8.53	9.65	8.60	10.73	10.43	11.99
Diluted EPS	8.32	8.36	8.42	8.69	7.84	8.36	8.53	9.65	8.60	10.73	10.43	11.99
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-2.8	3.4	8.3	11.1	25.6	10.9	16.3
+ Items NOT to be Reclassified to P&L	-0.3	31.7	—	—	25.1	1.8	8.9	7.4	9.4	30.1	10.2	19.7
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	4.6	1.4	-0.8	1.3	4.5	1.5	3.0
+ Tax on Items NOT to be Reclassified — alt tag	-0.1	6.1	0.0	0.0	4.6	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	—	—	—	—	—	—	-5.6	0.0	4.0	-0.0	2.9	-0.6
+ Tax on Items to be Reclassified	—	—	—	—	—	—	-1.4	0.0	1.0	-0.0	0.7	-0.1
Comprehensive Income — Owners of Parent	91.9	118.3	93.2	96.2	107.3	89.1	97.9	115.2	106.2	144.4	126.4	149.0
Comprehensive Income — Non-controlling Interests	-0.1	0.1	0.2	0.9	1.1	0.3	-0.0	0.5	0.4	0.6	-0.2	0.5
Per Share — as-filed variants
Basic EPS — Continuing Operations	8.32	8.36	8.42	8.69	7.84	8.36	8.53	9.65	8.60	10.73	10.43	11.99
Diluted EPS — Continuing Operations	8.32	8.36	8.42	8.69	7.84	8.36	8.53	9.65	8.60	10.73	10.43	11.99
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	369.8	376.2	385.2	386.8	380.1	383.4	384.1	421.1	399.4	443.8	442.0	458.2
Gross Margin %	56.03	54.44	54.60	55.74	54.10	54.04	54.60	54.35	53.05	52.70	55.02	51.85
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	122.1	120.8	125.0	127.5	115.8	122.7	125.6	143.2	128.7	157.8	153.7	177.1
− Exceptional Items (reconciliation)	-0.4	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income Adj (tax-effected)	92.4	92.7	93.4	97.1	88.0	92.8	94.4	107.4	95.6	119.3	115.3	133.2
EPS Adj	8.34	8.36	8.42	8.69	7.84	8.36	8.53	9.65	8.60	10.73	10.43	11.99
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Paid Up Equity Capital	55.4	55.4	55.4	55.4	55.4	55.4	55.4	55.4	55.4	55.4	55.4	55.4

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Grindwell Norton Q2 FY27 results (July–September 2026)

Filed with NSE on Thursday, 29 October 2026 at 2:21 pm IST

Grindwell Norton (NSE: GRINDWELL) reported its Q2 FY27 results (July–September 2026) on Thursday, 29 October 2026 at 2:21 pm IST. Consolidated net profit was ₹133 crore, up 24.2% from ₹107 crore in Q2 FY26 and up 14.9% from ₹116 crore in Q1 FY27. Revenue from operations was ₹884 crore, up 14.1% year on year and up 10.0% from the previous quarter.

Q2 FY26 results (a year earlier): 30 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹133 Cr+24.2% vs Q2 FY26+14.9% vs Q1 FY27
Revenue from operations: ₹884 Cr+14.1% vs Q2 FY26+10.0% vs Q1 FY27
Operating margin (EBIT): 15.8%+1.0 pts vs Q2 FY26−0.5 pts vs Q1 FY27EBIT ₹139 Cr
EBITDA: ₹166 Cr+18.3% vs Q2 FY26+6.0% vs Q1 FY27margin 18.8%
Earnings per share (basic): ₹11.99+24.2% vs Q2 FY26+15.0% vs Q1 FY27
Net profit margin: 15.0%+1.2 pts vs Q2 FY26+0.6 pts vs Q1 FY27

Questions

What was Grindwell Norton's net profit in Q2 FY27?

Consolidated net profit was ₹133 crore, up 24.2% from ₹107 crore in Q2 FY26 and up 14.9% from ₹116 crore in Q1 FY27.

What was Grindwell Norton's revenue in Q2 FY27?

Revenue from operations was ₹884 crore, up 14.1% year on year and up 10.0% from the previous quarter.

What is Grindwell Norton's net profit margin?

Grindwell Norton's net profit margin was 15.0% in Q2 FY27 (net profit as a share of revenue from operations), against 13.8% in Q2 FY26 (up 1.2 percentage points). For FY26 as a whole it was 13.5%.

How were Grindwell Norton's Q2 FY27 results?

Both grew from a year earlier: net profit was up 24.2% at ₹133 crore and revenue was up 14.1% at ₹884 crore. The operating margin was 15.8%, up 1.0 percentage points from 14.8% a year earlier. Against Q1 FY27, net profit was up 14.9% and revenue up 10.0%.

What was Grindwell Norton's operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹139 crore, a margin of 15.8%, against 16.2% in Q1 FY27 and 14.8% in Q2 FY26. EBITDA was ₹166 crore, 18.8% of revenue.

What was Grindwell Norton's net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹248 crore, up 23.3% from ₹201 crore in the same months a year earlier. Revenue from operations was ₹1,687 crore, up 14.1%.

What was Grindwell Norton's EPS in Q2 FY27?

Basic earnings per share were ₹11.99, against ₹9.65 in Q2 FY26.

What was Grindwell Norton's revenue in FY26?

Revenue from operations was ₹3,073 crore in FY26 (April 2025–March 2026), up 9.3% from ₹2,812 crore in FY25. It was ₹2,687 crore in FY24 and ₹2,541 crore in FY23: up 20.9% over three years, 6.5% a year on average.

When did Grindwell Norton announce its Q2 FY27 results?

On Thursday, 29 October 2026 at 2:21 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 30 October 2025.

How has Grindwell Norton's profit changed over the last four quarters?

Net profit by quarter: ₹95.2 crore in Q3 FY26, ₹119 crore in Q4 FY26, ₹116 crore in Q1 FY27 and ₹133 crore in Q2 FY27. That is ₹462 crore over the four quarters, up 21.4% from ₹381 crore in the four quarters before. Revenue from operations: ₹753 crore, ₹842 crore, ₹803 crore and ₹884 crore.

What was Grindwell Norton's net profit in FY26?

Consolidated net profit was ₹416 crore in FY26 (April 2025–March 2026), up 12.7% from ₹369 crore in FY25. It was ₹384 crore in FY24 and ₹362 crore in FY23: up 14.9% over three years, 4.7% a year on average.

When will Grindwell Norton announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Grindwell Norton figures come from?

From Grindwell Norton's own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 29 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.