Grindwell Norton Limited Recommends ₹19 Dividend Per Share; Releases FY2026 Financial Results
Grindwell Norton Limited announced the outcome of its Board of Directors meeting held on May 8, 2026. The board considered and recommended a dividend of ₹ 19/- per equity share, representing 380% of ₹5/- each, for the financial year ended March 31, 2026. This dividend recommendation is subject to the approval of the company's members at the Annual General Meeting (AGM).The company also disclosed its audited Standalone and Consolidated Financial Results for the quarter and full financial year ended March 31, 2026.
Key Dates and Dividend Details
The Board fixed Friday, July 10, 2026, as the Record Date for determining member entitlement to the recommended dividend. Should the dividend be approved at the AGM, payment is scheduled for on or from Tuesday, July 28, 2026.The AGM of the Company is slated for Friday, July 24, 2026, and will be conducted through Video Conferencing/Other Audio Visual Means.
Financial Performance Highlights
The audited financial results show significant growth for the financial year ended March 31, 2026, compared to the previous year.The financial performance data for the year ended March 31, 2026, and March 31, 2025, are presented below:
| Metric | Standalone Results (Year Ended 31-03-2026) | Standalone Results (Year Ended 31-03-2025) | Consolidated Results (Year Ended 31-03-2026) | Consolidated Results (Year Ended 31-03-2025) |
|---|---|---|---|---|
| Total Income | 3,12,079.31 Lakhs | 2,81,722.40 Lakhs | 3,16,811.20 Lakhs | 2,89,146.74 Lakhs |
| Net Profit | 41,259.84 Lakhs | 36,083.06 Lakhs | 41,678.89 Lakhs | 37,126.68 Lakhs |
The consolidated financial results are available on the respective websites of the BSE Limited, National Stock Exchange of India Limited, and the Company’s website.
Segment Revenue and Profitability
The segment wise results provide a breakdown of the company's operational activities. The total revenue from operations for the year ended March 31, 2026, reached 3,02,587.01 Lakhs for standalone results and 3,07,319.22 Lakhs for consolidated results, demonstrating a robust performance across segments.The profit before tax for the year ended March 31, 2026, stood at 54,961.79 Lakhs in standalone terms, compared to 49,196.34 Lakhs for consolidated figures.
| Segment | Revenue from Operations (Year Ended 31-03-2026) | Segment Results (Year Ended 31-03-2026) |
|---|---|---|
| Abrasives | 1,49,079.22 Lakhs | 19,235.47 Lakhs |
| Ceramics & Plastics | 1,24,647.07 Lakhs | 22,480.45 Lakhs |
| Digital Services | 22,252.45 Lakhs | 5,805.50 Lakhs |
| Others | 8,789.31 Lakhs | 1,649.85 Lakhs |
Financial Position Summary
The Standalone Statement of Assets and Liabilities as at March 31, 2026, shows Total Assets at 3,40,112.66 Lakhs and Total Equity and Liabilities at the same amount.The total segment assets for the year ended March 31, 2026, were 3,43,785.59 Lakhs, while the corresponding segment liabilities were 88,792.40 Lakhs.
The company confirmed that the Standalone Financial Results, along with the Consolidated Financial Results, were subject to an audit and received an unmodified opinion from M/s. Kalyaniwalla & Mistry LLP.
GRINDWELL Stock Price Movement
Today, Grindwell Norton Limited shares edged higher to close at ₹1684.8, gaining 1.24% for the session. The stock's upward movement was supported by a volume of 81,885 shares traded throughout the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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