Grindwell Norton Ltd. Announces Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Half Year Ended September 30, 2015
For the half year, on standalone basis, the company reported net sales & service income of INR 5,629.0 million against INR 5,418.3 million a year ago. Profit from operations before other income and finance costs was INR 633.3 million against INR 617.6 million a year ago. Profit before tax was INR 752.5 million against INR 719.8 million a year ago. Net profit was INR 504.2 million or INR 9.11 per basic and diluted share against INR 489.1 million or INR 8.84 per basic and diluted share a year ago.
For the quarter, on consolidated basis, the company reported net sales & service income of INR 2,821.8 million against INR 2,887.9 million a year ago. Profit from operations before other income and finance costs was INR 319.5 million against INR 334.5 million a year ago. Profit before tax was INR 378.6 million against INR 382.0 million a year ago. Net profit was INR 251.6 million or INR 4.54 per basic and diluted share against INR 259.1 million or INR 4.68 per basic and diluted share a year ago.
For the half year, on consolidated basis, the company reported net sales & service income of INR 5,749.8 million against INR 5,548.6 million a year ago. Profit from operations before other income and finance costs was INR 672.6 million against INR 670.0 million a year ago. Profit before tax was INR 772.0 million against INR 749.8 million a year ago. Net profit was INR 513.1 million or INR 9.26 per basic and diluted share against INR 505.6 million or INR 9.13 per basic and diluted share a year ago.