Grindwell Norton LimitedQ2 FY27 Results & Financial Update
Grindwell Norton Limited: Q2 FY27 consolidated results and company financials – revenue ₹883.67 Cr, PAT ₹133.17 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Grindwell Norton Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Grindwell Norton reported consolidated revenue from operations of INR 883.67 crore for the quarter ended September 30, 2026, marking an increase compared to INR 803.29 crore in the preceding quarter ended June 30, 2026.
Total consolidated income for Q2 FY27 reached INR 923.13 crore, up from INR 827.87 crore in Q1 FY27, driven by higher operational revenues and other income.
Consolidated profit before tax (PBT) stood at INR 177.58 crore for the quarter, compared to INR 154.13 crore in the previous quarter.
Consolidated net profit (PAT) for the period was INR 133.17 crore, showing sequential expansion from INR 115.32 crore reported in Q1 FY27.
Basic and diluted earnings per share (EPS) for the quarter rose to INR 11.99, compared to INR 10.43 in the preceding quarter.
Other income contributed INR 39.47 crore to the quarter's financials, increasing from INR 24.58 crore in the June 2026 quarter.
01 · Business model
What does Grindwell Norton do?
Grindwell Norton Limited manufactures and sells a wide range of abrasive products, high-performance ceramics, and plastics, alongside digital services.
The company operates primarily through key segments including Abrasives, Ceramics & Plastics, and Digital Services, catering to diverse industrial manufacturing and engineering sectors.
As part of the Saint-Gobain group, Grindwell Norton leverages advanced technical expertise to supply bonded and coated abrasives, refractory products, and specialized performance components.
Its distribution network spans domestic and international markets, serving engineering, automotive, steel, and aerospace industries.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹883.67 Cr | ₹803.29 Cr |
| Total income | ₹923.13 Cr | ₹827.87 Cr |
| Profit before tax | ₹177.58 Cr | ₹154.13 Cr |
| Profit after tax | ₹133.17 Cr | ₹115.32 Cr |
| EPS | ₹11.99 | ₹10.43 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 15.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 20.1% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹39.47 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from the Abrasives segment was INR 421.47 crore during Q2 FY27, compared to INR 386.89 crore in Q1 FY27.
Ceramics & Plastics revenue grew to INR 392.71 crore in Q2 FY27 from INR 353.90 crore in Q1 FY27.
Digital Services contributed INR 59.44 crore in Q2 FY27, compared to INR 58.78 crore in the preceding quarter.
What drove margins
Cost of materials consumed stood at INR 326.36 crore in Q2 FY27, reflecting production activity across manufacturing segments.
Employee benefit expenses for the quarter were INR 99.78 crore, compared to INR 97.19 crore in the prior quarter.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Abrasives segment results improved to INR 55.90 crore in Q2 FY27 from INR 48.98 crore in Q1 FY27.
Ceramics & Plastics segment results stood at INR 75.23 crore in Q2 FY27, compared to INR 74.97 crore in the previous quarter.
05 · Reported developments
What changed operationally
Consolidated PAT expanded to INR 133.17 crore in Q2 FY27 from INR 115.32 crore in Q1 FY27.
06 · Items worth noticing
The line items that can distort a quick read
Other income for the quarter included items totaling INR 39.47 crore, increasing from INR 24.58 crore in Q1 FY27.
07 · Previous-quarter changes
What changed since the previous quarter
Consolidated revenue from operations increased to INR 883.67 crore in Q2 FY27 from INR 803.29 crore in Q1 FY27.
08 · Key Q&A
The quarter, answered directly
What does Grindwell Norton do?
Grindwell Norton Limited manufactures and sells a wide range of abrasive products, high-performance ceramics, and plastics, alongside digital services.
What is the clearest takeaway from Q2 FY27?
Grindwell Norton reported consolidated revenue from operations of INR 883.67 crore for the quarter ended September 30, 2026, marking an increase compared to INR 803.29 crore in the preceding quarter ended June 30, 2026.
What drove revenue or demand?
Revenue from the Abrasives segment was INR 421.47 crore during Q2 FY27, compared to INR 386.89 crore in Q1 FY27.
What mattered most for margins or profitability?
Cost of materials consumed stood at INR 326.36 crore in Q2 FY27, reflecting production activity across manufacturing segments.
What should the next disclosure help confirm?
Monitor upcoming quarterly disclosures for revenue realization trends across the Abrasives and Ceramics & Plastics segments.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
10 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subsequent Quarter Financial Performance: Monitor upcoming quarterly disclosures for revenue realization trends across the Abrasives and Ceramics & Plastics segments.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.