Grindwell Norton Limited (NSE: GRINDWELL)

Grindwell Norton Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	27,549	26,868	25,413	20,128	16,379	15,796
Other Revenue	-43.8	-	-	-	-	-
Revenue	27,505	26,868	25,413	20,128	16,379	15,796
Revenue Growth (YoY)	5.61%	5.72%	26.26%	22.89%	3.69%	-1.16%
Cost of Revenue	12,480	12,221	11,763	9,015	7,265	7,209
Gross Profit	15,025	14,646	13,651	11,112	9,114	8,587
Selling, General & Admin	3,481	3,338	3,056	2,618	2,160	2,087
Other Operating Expenses	6,390	6,113	5,493	4,487	3,713	3,853
Operating Expenses	10,687	10,159	9,150	7,639	6,416	6,518
Operating Income	4,338	4,487	4,501	3,473	2,697	2,068
Interest Expense	-75.56	-67.76	-76	-35.7	-32.53	-44.69
Interest & Investment Income	247.71	247.71	156.19	104.44	181.02	9.28
Earnings From Equity Investments	5.21	-4.19	-18.63	-9.85	-0.67	0.07
Currency Exchange Gain (Loss)	2.31	2.31	-73.17	126.64	56.79	100.01
Other Non Operating Income (Expenses)	170.58	150.68	197.09	132.2	42.54	134.79
EBT Excluding Unusual Items	4,688	4,816	4,686	3,791	2,945	2,268
Gain (Loss) on Sale of Investments	282.41	282.41	207.39	136.38	229.34	159.67
Gain (Loss) on Sale of Assets	-11.35	-11.35	-34.88	31.29	-	-
Asset Writedown	-	-	-	-	-1.9	-0.95
Other Unusual Items	-3.53	-3.53	-	-	-	-
Pretax Income	4,956	5,083	4,859	3,959	3,172	2,426
Income Tax Expense	1,204	1,244	1,244	1,008	794.61	587.43
Earnings From Continuing Operations	3,752	3,840	3,615	2,951	2,377	1,839
Minority Interest in Earnings	-11	-3.2	3.82	5.69	14.41	-13.72
Net Income	3,741	3,836	3,619	2,956	2,392	1,825
Net Income to Common	3,741	3,836	3,619	2,956	2,392	1,825
Net Income Growth	-1.10%	6.00%	22.41%	23.61%	31.04%	9.13%
Shares Outstanding (Basic)	111	111	111	111	111	111
Shares Outstanding (Diluted)	111	111	111	111	111	111
Shares Change (YoY)	0.01%	-	-	-	-	-
EPS (Basic)	33.79	34.65	32.69	26.70	21.60	16.48
EPS (Diluted)	33.79	34.65	32.69	26.70	21.60	16.48
EPS Growth	-1.10%	6.00%	22.42%	23.61%	31.07%	9.10%
Free Cash Flow	2,047	1,956	710.39	609.91	2,829	2,672
Free Cash Flow Per Share	18.49	17.66	6.42	5.51	25.55	24.13
Dividend Per Share	-	17.000	14.500	12.000	9.500	7.500
Dividend Growth	-	17.24%	20.83%	26.32%	26.67%	25.00%
Gross Margin	54.63%	54.51%	53.72%	55.21%	55.64%	54.36%
Operating Margin	15.77%	16.70%	17.71%	17.26%	16.47%	13.09%
Profit Margin	13.60%	14.28%	14.24%	14.69%	14.60%	11.56%
Free Cash Flow Margin	7.44%	7.28%	2.80%	3.03%	17.27%	16.91%
EBITDA	4,999	5,042	4,994	3,916	3,146	2,542
EBITDA Margin	18.18%	18.77%	19.65%	19.45%	19.21%	16.09%
D&A For EBITDA	661.33	554.83	493.44	442.17	448.71	473.55
EBIT	4,338	4,487	4,501	3,473	2,697	2,068
EBIT Margin	15.77%	16.70%	17.71%	17.26%	16.47%	13.09%
Effective Tax Rate	24.29%	24.47%	25.60%	25.46%	25.05%	24.21%
Revenue as Reported	28,208	27,551	25,974	20,659	16,889	16,199

Source: S&P Capital IQ. Standard template. Financial Sources.