Grindwell Norton disclosed a small rise in consolidated net profit for the quarter ended June 2015. During the quarter, the profit of the company rose 6.09% to Rs 261.50 million from Rs 246.50 million in the same quarter last year.
Revenues for the quarter rose 10.24% to Rs 2,950.90 million, compared with Rs 2,677 million for the prior year period.
Operating margin for the quarter stood at 11.97 percent as compared to 12.53 percent for the previous year period. Operating Income for the quarter was Rs 353.10 million, compared with Rs 335.5 million in the previous year period.
Earnings per share for the quarter stood at Rs 4.72, registering 6.07% growth over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 2,950.90 | 2,676.70 | 10.24 |
| Net Profit | 261.50 | 246.50 | 6.09 |
| Diluted EPS | 4.72 | 4.45 | 6.07 |
Shares of the company gained Rs 11.5, or 1.5%, to trade at Rs 780.00. The total volume of shares traded was 664 at the BSE (3.13 p.m., Tuesday).
