Grindwell Norton Ltd. reported consolidated and standalone unaudited earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, on consolidated basis Net Sales were INR 2,791.7 million compared with INR 2,775.1 million for the same period last year. Profit from operation before other income, financial cost was INR 302.7 million compared with INR 343.0 million for the same period last year. Profit from ordinary activities before tax was INR 340.4 million compared with INR 373.9 million for the same period last year. Net profit for the period was INR 227.3 million or INR 4.11 basic and diluted per share as compared with net profit for the period of INR 254.0 million or INR 4.59 basic and diluted per share for the same period last year.

For the nine months, on consolidated basis Net Sales were INR 8,541.5 million compared with INR 8,323.7 million for the same period last year. Profit from operation before other income, financial cost was INR 975.3 million compared with INR 1,013.0 million for the same period last year. Profit from ordinary activities before tax was INR 1,112.4 million compared with INR 1,123.7 million for the same period last year. Net profit for the period was INR 740.4 million or INR 13.36 basic and diluted per share as compared with net profit for the period of INR 276.8 million or INR 13.72 basic and diluted per share for the same period last year.

For the quarter, on consolidated basis Net Sales were INR 2,747.0 million compared with INR 2,715.5 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 281.8 million compared with INR 328.5 million for the same period last year. Profit from ordinary activities before tax was INR 328.0 million compared with INR 368.4 million for the same period last year. Net profit for the period was INR 276.8 million or INR 3.97 basic and diluted per share as compared with net profit for the period of INR 250.8 million or INR 4.53 basic and diluted per share for the same period last year.

For the nine months, on consolidated basis Net Sales were INR 8,376.0 million compared with INR 8,133.8 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 915.1 million compared with INR 944.4 million for the same period last year. Profit from ordinary activities before tax was INR 1,080.5 million compared with INR 1,088.2 million for the same period last year. Net profit for the period was INR 724.0 million or INR 13.08 basic and diluted per share as compared with net profit for the period of INR 276.8 million or INR 13.37 basic and diluted per share for the same period last year.