Grindwell Norton Limited (GRINDWELL) presented its Analyst/Investor Meet Presentation on 29 May 2025, detailing its financial performance for the fiscal year 2024-25 and strategic initiatives.

• The company reported a 4.6% increase in Revenue from Operations, reaching ₹2,812 crore in FY 2024-25, up from ₹2,687 crore in FY 2023-24. Over the period of FY 2019-20 to FY 2024-25, the company's revenue from operations demonstrated a Compound Annual Growth Rate (CAGR) of 12.2%.
• Domestic revenue grew at a CAGR of 13.4%, while export revenue grew at 6.8% during the same period.
• Segment-wise, Abrasives revenue increased by approximately 3.3% to ₹1,403 crore, and Ceramics & Plastics (C&P) revenue rose by about 7.9% to ₹1,189 crore in FY 2024-25.
• Earnings Before Interest and Tax (EBIT) for FY 2024-25 decreased by 2.9% to ₹501 crore from ₹516 crore in FY 2023-24. The company stated that "Higher Depreciation is the major reason for drop in EBIT vs FY 2023-24".
• Net Profit for the year (PAT) also saw a decline of 3.3%, settling at ₹371 crore in FY 2024-25 compared to ₹384 crore in FY 2023-24.
• The Board has proposed a dividend of ₹17.00 per share for FY 2024-25, pending approval from shareholders at the upcoming Annual General Meeting.
• The company highlighted its 'UNLEASH GROWTH IN GNO' strategy, focusing on outperforming, maximizing growth, optimizing resources, and leveraging world-class technology and innovation.
• Significant capital expenditure (CAPEX) from FY 2020-21 to FY 2024-25 included a new Non-woven Line (started 2024), PCR Halol Expansion (Phase 1 completed 2024, Phase 2 Work In Progress), PPS C-Flex Extrusion Line (commenced production 2023), and a Coated Paper Maker in Bangalore (completed 2022).
• Grindwell Norton showcased new product innovations across its Abrasives and C&P segments, including Norton Hitech Prime and Metal Bond PE Wheels for Abrasives, and solutions for Battery packs and Wire Harnesses in C&P.
• On sustainability, the company reported substantial reductions since 2017 in Scope 1 CO2 (38%), Energy (36%), Non-Renewable Water (NRW) (36%), and Water (55%). A key initiative was the shift from Gas Fired Kilns to Electrical Kilns, saving approximately 960 tons of CO2.
• The company's CSR initiatives for FY 2024-25 have a budget of ₹91.9 million, benefiting around 88,000 people across 5 states and Union Territories through 21 projects focused on education, healthcare, livelihood, and environmental sustainability.