Grindwell Norton said a steady growth in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 13.70% to Rs 246.50 million from Rs 216.80 million in the same quarter previous year.
Net sales for the quarter rose 17.03% to Rs 2,675.00 million, compared with Rs 2,286 million for the prior year period.
Earnings per share for the quarter stood at Rs 4.45, registering 13.52% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 2,675.00 | 2,285.70 | 17.03 |
| Net Profit | 246.50 | 216.80 | 13.70 |
| Basic EPS | 4.45 | 3.92 | 13.52 |
Shares of the company declined Rs 8.65, or 2.06%, to trade at Rs 411.10. The total volume of shares traded was 804 at the BSE (3.33 p.m., Wednesday).
