Grindwell Norton Q4 Review - Strong Performance Led By Ceramics, Plastics: ICICI Direct
Performance plastics manufactured by Grindwell Norton Ltd. (Source: Company website)

Grindwell Norton Q4 Review - Strong Performance Led By Ceramics, Plastics: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Grindwell Norton Ltd. reported strong Q4 FY21 numbers across operational parameters owing to better demand, favourable product mix and revival in key sectors like automotive, industrial, construction, engineering amid economic recovery.

Revenues came in at Rs 508.8 crore, up a strong 39.1% YoY (amid low base) while it grew 11.2% on a QoQ basis, primarily aided by strong performance in the ceramics and plastic segment.

Revenue contribution from abrasives, ceramics and IT services were at ~60%, ~32.5% & ~6.5%, respectively.

Click on the attachment to read the full report:

ICICI Direct Grindwell Q4FY21 Result Update.pdf

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