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Grindwell Norton Q3 Net Profit Rises 12.5% YoY to ₹94 Cr; Invests in Renewable Energy SPV
Grindwell Norton reported a steady performance for Q3 FY26, with revenue from operations growing 8.5% YoY to ₹741.6 crore. Net profit for the quarter increased to ₹94 crore, up from ₹83.6 crore in the same period last year. The company also announced a strategic investment of up to ₹1.1 crore in a Special Purpose Vehicle (SPV) of Sunsure Energy to source renewable solar power. Additionally, the board appointed Mr. Girish T. Shajani as the new Company Secretary and Compliance Officer effective February 8, 2026.
Key Highlights
Revenue from operations increased 8.5% YoY to ₹741.6 crore in Q3 FY26.
Net profit for the quarter rose 12.5% YoY to ₹94 crore.
Nine-month (9M FY26) net profit reached ₹293.5 crore, compared to ₹269.5 crore in 9M FY25.
Board approved an investment of up to ₹1.1 crore in Sunsure Energy's SPV for solar power sourcing.
Basic and Diluted EPS for the quarter improved to ₹8.49 from ₹7.55 YoY.
💼 Action for Investors
Investors should take note of the consistent year-on-year growth in both revenue and profitability. The move towards renewable energy sourcing is a positive ESG step that may help manage long-term power costs.
Grindwell Norton Q3 Net Profit Rises 12.5% YoY to ₹94 Cr; Appoints New CS
Grindwell Norton reported a steady performance for Q3 FY26, with revenue from operations growing 8.5% YoY to ₹741.6 crore. Net profit for the quarter increased by 12.5% YoY to ₹94 crore, supported by operational efficiencies despite a slight sequential dip from the previous quarter. The company also announced a strategic investment of up to ₹1.1 crore in a renewable energy SPV to source solar power. Additionally, Mr. Girish T. Shajani, a seasoned professional with over 20 years of experience, has been appointed as the new Company Secretary and Compliance Officer.
Key Highlights
Revenue from operations grew 8.5% YoY to ₹741.6 crore for the quarter ended December 31, 2025.
Net profit increased by 12.5% YoY to ₹94 crore, with Basic EPS rising to ₹8.49 from ₹7.55.
Board approved an investment of up to ₹1.1 crore in Sunsure Energy's SPV for renewable energy sourcing.
Nine-month profit for FY26 stands at ₹293.5 crore, up from ₹269.5 crore in the previous year period.
Appointment of Mr. Girish T. Shajani as CS & Compliance Officer effective February 8, 2026.
💼 Action for Investors
The company continues to demonstrate consistent earnings growth and a commitment to ESG through its renewable energy investment. Investors should maintain a positive outlook given the steady financial performance and strong governance profile.
Grindwell Norton Q3 Net Profit Rises 12.5% YoY to ₹94 Cr; Appoints New Company Secretary
Grindwell Norton reported a steady Q3 FY26 performance with standalone revenue growing 8.5% YoY to ₹741.6 crore and net profit increasing 12.5% to ₹94 crore. The company also approved a strategic investment of up to ₹1.1 crore in a Sunsure Energy SPV to source renewable solar power, aligning with sustainability goals. Additionally, Mr. Girish T. Shajani, a seasoned professional from the Saint-Gobain group, has been appointed as the new Company Secretary and Compliance Officer. The financial results show healthy margins despite a slight sequential dip in revenue compared to the previous quarter.
Key Highlights
Standalone Revenue from Operations grew 8.5% YoY to ₹74,160.30 lakhs for the quarter ended December 31, 2025.
Net Profit for the quarter increased by 12.5% YoY to ₹9,399.98 lakhs, with EPS rising to ₹8.49 from ₹7.55.
Approved an investment of up to ₹1.1 crore in a solar power SPV of Sunsure Energy for renewable energy sourcing.
Appointed Mr. Girish T. Shajani as Company Secretary and Compliance Officer, effective February 8, 2026.
Nine-month (9M) net profit stands at ₹29,351.23 lakhs, reflecting an 8.9% growth over the previous year's corresponding period.
💼 Action for Investors
Investors should view the steady earnings growth and the shift towards renewable energy as positive indicators of operational efficiency. Maintain a long-term outlook given the company's consistent performance and strong parentage under the Saint-Gobain group.
Grindwell Norton Q3 PAT Rises 12.5% YoY to ₹94 Crore; Approves Solar Power Investment
Grindwell Norton reported a steady performance for Q3 FY26, with revenue from operations growing 8.5% year-on-year to ₹741.6 crore. Net profit for the quarter increased by 12.5% to ₹94 crore, reflecting strong operational efficiency despite inflationary pressures. The company also announced a strategic investment of ₹1.1 crore in a Sunsure Energy SPV to source renewable solar power. Furthermore, the board appointed Mr. Girish T. Shajani as the new Company Secretary and Compliance Officer to lead governance functions.
Key Highlights
Q3 FY26 Revenue from Operations stood at ₹741.6 crore, up from ₹683.2 crore in Q3 FY25.
Net Profit for the quarter rose 12.5% YoY to ₹94 crore, with Basic EPS increasing to ₹8.49 from ₹7.55.
Nine-month PAT for the period ending December 2025 reached ₹293.5 crore, an 8.9% YoY increase.
Approved a ₹1.1 crore investment in a renewable energy SPV for solar power sourcing via an intra-state system.
Recognized an estimated incremental obligation of ₹100.27 lakhs related to the new Government of India Labour Codes.
💼 Action for Investors
Investors should view these results as a sign of continued stability and growth in the industrial consumables sector. The company's move toward renewable energy sourcing is a positive ESG step that may also optimize long-term power costs.
Grindwell Norton Q3 Net Profit Rises 12.5% YoY to ₹94 Crore; Revenue Up 8.5%
Grindwell Norton reported a steady performance for Q3 FY26, with standalone revenue from operations growing 8.5% YoY to ₹741.6 crore. Net profit for the quarter increased by 12.5% YoY to ₹94 crore, supported by operational efficiencies despite a slight sequential dip in revenue compared to Q2. The company also announced a strategic investment of ₹1.1 crore in a renewable energy SPV to source solar power. Additionally, a new Company Secretary and Compliance Officer, Girish T. Shajani, has been appointed to strengthen governance.
Key Highlights
Standalone Revenue from Operations grew 8.5% YoY to ₹741.6 crore in Q3 FY26.
Net Profit for the quarter stood at ₹94 crore, a 12.5% increase from ₹83.6 crore in the previous year's quarter.
Earnings Per Share (EPS) improved to ₹8.49 from ₹7.55 in the same period last year.
Board approved a ₹1.1 crore investment in Sunsure Energy's SPV for renewable energy sourcing.
Nine-month net profit reached ₹293.5 crore, up from ₹269.5 crore in the corresponding period of FY25.
💼 Action for Investors
The company shows consistent YoY growth and a commitment to ESG through renewable energy investments. Investors should maintain a positive outlook while monitoring the impact of new labor codes mentioned in the financial notes.
Grindwell Norton Receives ₹12.98 Crore GST Demand Drop Order
Grindwell Norton Limited has received a favorable final order from the GST Authority regarding a previous tax demand. The authority has dropped a demand of ₹12.98 crores, which was originally raised due to Input Tax Credit (ITC) mismatches for the 2021-22 period. This amount was part of a larger aggregate demand of ₹36.55 crores issued in September 2025. While this specific demand has been reduced to NIL, a separate demand of ₹23.57 crores related to job-work transactions remains pending adjudication.
Key Highlights
GST Authority dropped a demand of ₹12.98 crores pertaining to ITC mismatches for FY 2021-22
The demand was part of an aggregate ₹36.55 crore show cause notice issued on September 30, 2025
The final order reduces the specific ITC-related liability to NIL following company representations
A remaining demand of ₹23.57 crores regarding job-work material movements is still pending adjudication
Company confirms no material impact on financial or operational activities from this development
💼 Action for Investors
Investors should view the resolution of this ₹12.98 crore tax demand as a positive step in clearing regulatory hurdles. Monitor for updates regarding the remaining ₹23.57 crore demand which is still under adjudication.