Grindwell Norton announced a substantial rise in standalone net profit for the quarter ended December 2014. During the quarter, the profit of the company rose 35.11% to Rs 254.00 million from Rs 188.00 million in the same quarter last year.
Net sales for the quarter rose 17.46% to Rs 2,797.90 million, compared with Rs 2,382 million for the prior year period.
Earnings per share for the quarter stood at Rs 4.59, registering 35.00% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 14 | Dec - 13 | %Change |
| Net Sales | 2,797.90 | 2,382.10 | 17.46 |
| Net Profit | 254.00 | 188.00 | 35.11 |
| Basic EPS | 4.59 | 3.40 | 35.00 |
Shares of the company declined Rs 4.15, or 0.67%, to settle at Rs 613.55. The total volume of shares traded was 781 at the BSE (Thursday).
