Grindwell Norton: Other income adds to bottomline in 1Q - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  
  • Home
  • Outlook Arena
  • Jul 27, 2000 - Grindwell Norton: Other income adds to bottomline in 1Q

Grindwell Norton: Other income adds to bottomline in 1Q

Jul 27, 2000

Grindwell Norton Ltd., has declared staid results in the first quarter of FY2001. The company has recorded a 27% growth in net profit, but this growth is largely on account of a 37% jump in other income. The company's turnover has increased by a marginal 4% compared to 1QFY2000.

(Rs m) 1QFY00 1QFY01 Change
Sales 501 519 3.6%
Other Income 19 26 36.8%
Expenditure 447 459 2.7%
Operating Profit (EBDIT) 54 60 11.1%
Operating Profit Margin (%) 10.8% 11.6%  
Interest 9 8 -11.1%
Depreciation 14 15 7.1%
Profit before Tax 50 63 26.0%
Tax 16 20 25.0%
Profit after Tax/(Loss) 34 43 26.5%
Net profit margin (%) 6.8% 8.3%  
No. of Shares (eoy) (m) 13.8 13.8  
Earnings per share* 9.9 12.3  
*(annualised)      

Grindwell is a 51% subsidiary MNC Saint-Gobain. It manufactures bonded abrasives, coated abrasive products, super abrasives, engineered ceramics, and engineered fluids.

However, the company has shown signs of improvement in turnover when these results are compared to its performance in the last quarter of FY2000 (4QFY00). Compared to 4QFY00, its turnover has surged by 9%. But here also its other income has surged by more than 85%. As a result, the company's net profit has surged by 38% in 1QFY2001 when compared to 4QFY00.


Equitymaster requests your view! Post a comment on "Grindwell Norton: Other income adds to bottomline in 1Q". Click here!

  

More Views on News

GRINDWELL NORTON Announces Quarterly Results (1QFY21); Net Profit Down 34.2% (Quarterly Result Update)

Aug 21, 2020 | Updated on Aug 21, 2020

For the quarter ended June 2020, GRINDWELL NORTON has posted a net profit of Rs 282 m (down 34.2% YoY). Sales on the other hand came in at Rs 2 bn (down 43.5% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

GRINDWELL NORTON Announces Quarterly Results (4QFY20); Net Profit Down 2.5% (Quarterly Result Update)

May 21, 2020 | Updated on May 21, 2020

For the quarter ended March 2020, GRINDWELL NORTON has posted a net profit of Rs 418 m (down 2.5% YoY). Sales on the other hand came in at Rs 4 bn (down 9.7% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

GRINDWELL NORTON 2018-19 Annual Report Analysis (Annual Result Update)

Sep 23, 2019 | Updated on Sep 23, 2019

Here's an analysis of the annual report of GRINDWELL NORTON for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of GRINDWELL NORTON. Also includes updates on the valuation of GRINDWELL NORTON.

More Views on News

Most Popular

Why We Picked This Small-cap Stock for Our Hidden Treasure Subscribers (Profit Hunter)

Sep 17, 2020

This leading household brand will profit big time in a post covid world.

My Top Stock to Buy in this Market Selloff (Profit Hunter)

Sep 22, 2020

The recent correction offers a great opportunity to buy this high conviction smallcap stock.

What Do the Charts Say About Buying Smallcaps Now? (Fast Profits Daily)

Sep 18, 2020

Everyone seems to be excited about buying smallcaps now...but is it the right thing to do? What do the charts tell us? Find out in this video...

How Much Money Do You Need to Be a Professional Trader? (Fast Profits Daily)

Sep 17, 2020

In this video I'll answer a question I get asked often: How much capital do I really need to trade the markets for a living? Let's find out...

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

GRINDWELL NORTON SHARE PRICE


Sep 25, 2020 (Close)

TRACK GRINDWELL NORTON

  • Track your investment in GRINDWELL NORTON with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON GRINDWELL NORTON

GRINDWELL NORTON - ANSALDO STS COMPARISON

COMPARE GRINDWELL NORTON WITH

MARKET STATS