Grindwell Norton Limited NSE Symbol:GRINDWELL, BSE Security Code:506076 has declared its 2nd(second) quarter un-audited Consolidated financial report from the month of July, 2019 to the month of September, 2019; for the fiscal year 2019-20.
| Revenue Reported by Grindwell Norton Limited for Second Quarter FY, 2019-20 | ||||
| Current Quarter (July, 2019 - September, 2019) | Previous Quarter (April, 2019 - June, 2019) | Corresponding Quarter (July, 2018 - September, 2018) | 6 Months Ended (April, 2019 - September, 2019) | Corresponding 6 Months Ended (April, 2018 - September, 2018) |
| 402.61 | 422.75 | 421.70 | 825.36 | 811.61 |
| Calculated Revenue of Grindwell Norton Limited for Second Quarter FY, 2019-20 | |||||
| Current(September, 2019) VS Previous(June, 2019) | Current(September, 2019) VS Corresponding(September, 2018) | 6 months Ended(April, 2019 - September, 2019) VS Corresponding 6 months Ended(April, 2018 - September, 2018) | |||
| Change | Change % | Change | Change % | Change | Change % |
| 20.14 | 4.76%(Revenue Decrease) | 19.09 | 4.53%(Revenue Decrease) | 13.75 | 1.69%(Revenue Increase) |
Revenue: Grindwell Norton Limited's financial report shows that the company's revenue decreased by 4.76% in QoQ(Quarter on Quarter) / current quarter(July, 2019 - September, 2019) for revenue decrease of Rs.20.14 crores, as the company posted revenue of Rs.402.61 crores; in compare to previous quarter(April, 2019 - June, 2019) when the company reported revenue of Rs.422.75 crores.
The result also shows that the company's revenue decreased by 4.53% in YoY(Year over Year) / in current quarter(July, 2019 - September, 2019) for revenue decrease of Rs.19.09 crores; in compare to corresponding quarter(July, 2018 - September, 2018) when the company posted revenue of Rs.421.70 crores.
The company also reported that its revenue increased by 1.69% in 6 months end(April, 2019 - September, 2019) for revenue increase of Rs.13.75 crores, since the company reported revenue of Rs.825.36 crores; in compare to corresponding 6 months end(April, 2018 - September. 2018) when the company posted revenue of Rs.811.61 crores.
| Gross Margin(%) Reported by Grindwell Norton Limited for Second Quarter FY, 2019-20 | ||||
| Current Quarter (July, 2019 - September, 2019) | Previous Quarter (April, 2019 - June, 2019) | Corresponding Quarter (July, 2018 - September, 2018) | 6 Months Ended (April, 2019 - September, 2019) | Corresponding 6 Months Ended (April, 2018 - September, 2018) |
| 51.33 | 48.08 | 53.76 | 49.56 | 52.73 |
| Calculated Gross Margin(%) of Grindwell Norton Limited for Second Quarter FY, 2019-20 | |||||
| Current(September, 2019) VS Previous(June, 2019) | Current(September, 2019) VS Corresponding(September, 2018) | 6 months Ended(April, 2019 - September, 2019) VS Corresponding 6 months Ended(April, 2018 - September, 2018) | |||
| Change | Change % | Change | Change % | Change | Change % |
| 3.25 | 6.76%(GM Increase) | 2.43 | 4.51%(GM Decrease) | 3.17 | 6.00%(GM Decrease) |
Gross Margin(%)/ GM: The company's financial report indicates, the company's GM increased by 6.76% in QoQ(Quarter on Quarter) / current quarter(July, 2019 - September, 2019) for 3.25% GM increase, as the company reported 51.33% GM; in compare to previous quarter(April, 2019 - June, 2019) when the company reported 48.08% GM.
The result also indicates, the company's GM decreased by 4.51% in YoY(Year over Year) / in current quarter(July, 2019 - September, 2019) for 2.43% GM decrease; in compare to corresponding quarter(July, 2018 - September, 2018) when the company reported 53.76% GM.
The company also reported that its GM decreased by 6.00% in 6 months end(April, 2019 - September, 2019) for 3.17% GM decrease, since the company reported 49.56% GM; in compare to corresponding 6 months end(April, 2018 - September. 2018) when the company reported 52.73% GM.
| EBITDA Reported by Grindwell Norton Limited for Second Quarter FY, 2019-20 | ||||
| Current Quarter (July, 2019 - September, 2019) | Previous Quarter (April, 2019 - June, 2019) | Corresponding Quarter (July, 2018 - September, 2018) | 6 Months Ended (April, 2019 - September, 2019) | Corresponding 6 Months Ended (April, 2018 - September, 2018) |
| 75.32 | 81.38 | 75.67 | 156.70 | 153.73 |
| Calculated EBITDA of Grindwell Norton Limited for Second Quarter FY, 2019-20 | |||||
| Current(September, 2019) VS Previous(June, 2019) | Current(September, 2019) VS Corresponding(September, 2018) | 6 months Ended(April, 2019 - September, 2019) VS Corresponding 6 months Ended(April, 2018 - September, 2018) | |||
| Change | Change % | Change | Change % | Change | Change % |
| 6.06 | 7.45%(EBITDA Decrease) | 0.35 | 0.46%(EBITDA Decrease) | 2.97 | 1.93%(EBITDA Increase) |
EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA decreased by 7.45% in QoQ(Quarter on Quarter) / current quarter(July, 2019 - September, 2019) for EBITDA decrease of Rs.6.06 crores, as the company posted EBITDA of Rs.75.32 crores; in compare to previous quarter(April, 2019 - June, 2019) when the company reported EBITDA of Rs.81.38 crores.
The result also shows that the company's EBITDA decreased by 0.46% in YoY(Year over Year) / in current quarter(July, 2019 - September, 2019) for EBITDA decrease of Rs.0.35 crore; in compare to corresponding quarter(July, 2018 - September, 2018) when the company posted EBITDA of Rs.75.67 crores.
The company also reported that its EBITDA increased by 1.93% in 6 months end(April, 2019 - September, 2019) for EBITDA increase of Rs.2.97 crores, since the company reported EBITDA of Rs.156.70 crores; in compare to corresponding 6 months end(April, 2018 - September. 2018) when the company posted EBITDA of Rs.153.73 crores.
| Profit and Loss Reported by Grindwell Norton Limited for Second Quarter FY, 2019-20 | ||||
| Current Quarter (July, 2019 - September, 2019) | Previous Quarter (April, 2019 - June, 2019) | Corresponding Quarter (July, 2018 - September, 2018) | 6 Months Ended (April, 2019 - September, 2019) | Corresponding 6 Months Ended (April, 2018 - September, 2018) |
| 52.17(Profit ) | 42.91(Profit ) | 40.66(Profit ) | 95.08(Profit ) | 84.28(Profit ) |
| Calculated Profit and Loss of Grindwell Norton Limited for Second Quarter FY, 2019-20 | |||||
| Current(September, 2019) VS Previous(June, 2019) | Current(September, 2019) VS Corresponding(September, 2018) | 6 months Ended(April, 2019 - September, 2019) VS Corresponding 6 months Ended(April, 2018 - September, 2018) | |||
| Change | Change % | Change | Change % | Change | Change % |
| 9.26 | 21.58%(Profit Increase) | 11.51 | 28.31%(Profit Increase) | 10.80 | 12.81%(Profit Increase) |
Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 21.58% in QoQ(Quarter on Quarter) / current quarter(July, 2019 - September, 2019) for profit increase of Rs.9.26 crores, as the company posted profit of Rs.52.17 crores; in compare to previous quarter(April, 2019 - June, 2019) when the company reported profit of Rs.42.91 crores.
The result also shows that the company's profit increased by 28.31% in YoY(Year over Year) / in current quarter(July, 2019 - September, 2019) for profit increase of Rs.11.51 crores; in compare to corresponding quarter(July, 2018 - September, 2018) when the company posted profit of Rs.40.66 crores.
The company also reported that its profit increased by 12.81% in 6 months end(April, 2019 - September, 2019) for profit increase of Rs.10.80 crores, since the company reported profit of Rs.95.08 crores; in compare to corresponding 6 months end(April, 2018 - September. 2018) when the company posted profit of Rs.84.28 crores.
| EPS Reported by Grindwell Norton Limited for Second Quarter FY, 2019-20 | ||||
| Current Quarter (July, 2019 - September, 2019) | Previous Quarter (April, 2019 - June, 2019) | Corresponding Quarter (July, 2018 - September, 2018) | 6 Months Ended (April, 2019 - September, 2019) | Corresponding 6 Months Ended (April, 2018 - September, 2018) |
| 4.70 | 3.86 | 3.64 | 8.56 | 7.55 |
| Calculated EPS of Grindwell Norton Limited for Second Quarter FY, 2019-20 | |||||
| Current(September, 2019) VS Previous(June, 2019) | Current(September, 2019) VS Corresponding(September, 2018) | 6 months Ended(April, 2019 - September, 2019) VS Corresponding 6 months Ended(April, 2018 - September, 2018) | |||
| Change | Change % | Change | Change % | Change | Change % |
| 0.84 | 21.76%(EPS Increase) | 1.06 | 29.12%(EPS Increase) | 1.01 | 13.38%(EPS Increase) |
EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 21.76% in QoQ(Quarter on Quarter) / current quarter(July, 2019 - September, 2019) for EPS increase of Rs.0.84, as the company posted EPS of Rs.4.70; in compare to previous quarter(April, 2019 - June, 2019) when the company reported EPS of Rs.3.86.
The result also shows that the company's EPS increased by 29.12% in YoY(Year over Year) / in current quarter(July, 2019 - September, 2019) for EPS increase of Rs.1.06; in compare to corresponding quarter(July, 2018 - September, 2018) when the company posted EPS of Rs.3.64.
The company also reported that its EPS increased by 13.38% in 6 months end(April, 2019 - September, 2019) for EPS increase of Rs.1.01, since the company reported EPS of Rs.8.56; in compare to corresponding 6 months end(April, 2018 - September. 2018) when the company posted EPS of Rs.7.55.
| Assets Reported by Grindwell Norton Limited for Second Quarter FY, 2019-20 | ||||
| Details | Non-current Assets | Current Assets | ||
| Current Quarter(September, 2019) | Previous Year End(March, 2019) | Current Quarter(September, 2019) | Previous Year End(March, 2019) | |
| Reported | 629.98 | 590.15 | 873.88 | 859.12 |
| Change | Change % | Change | Change % | |
| Calculated | 39.83 | 6.75%(Assets Increase) | 14.76 | 1.72%(Assets Increase) |
Assets:The company reported its non-current assets increased by 6.75% in current quarter(September, 2019) for non-current assets increase of Rs.39.83 crores, since the company reported net non-current assets of Rs.629.98 crores; in compare to previous year end(March, 2019) when the company reported net non-current assets of Rs.590.15 crores.
The balance sheet of the company also shows that, its current assets increased by 1.72% in current quarter(September, 2019) for current assets increase of Rs.14.76 crores, as the company reported net current assets of Rs.873.88 crores; against previous year end(March, 2019) when the company reported net current assets of Rs.859.12 crores.
| Liabilities Reported by Grindwell Norton Limited for Second Quarter FY, 2019-20 | ||||
| Details | Non-current Liabilities | Current Liabilities | ||
| Current Quarter(September, 2019) | Previous Year End(March, 2019) | Current Quarter(September, 2019) | Previous Year End(March, 2019) | |
| Reported | 64.76 | 48.77 | 312.18 | 288.73 |
| Change | Change % | Change | Change % | |
| Calculated | 15.99 | 32.79%(Liabilities Increase) | 23.45 | 8.12%(Liabilities Increase) |
Liabilities:The company reported its non-current liabilities increased by 32.79% in current quarter(September, 2019) for non-current liabilities increase of Rs.15.99 crores, since the company reported net non-current liabilities of Rs.64.76 crores; in compare to previous year end(March, 2019) when the company reported net non-current liabilities of Rs.48.77 crores.
The balance sheet of the company also shows that, its current liabilities increased by 8.12% in current quarter(September, 2019) for current liabilities increase of Rs.23.45 crores, as the company reported net current liabilities of Rs.312.18 crores; against previous year end(March, 2019) when the company reported net current liabilities of Rs.288.73 crores.
***All amounts are given in Crore Indian Rupees(INR) except EPS (Earnings per share) which are in Indian Rupees(INR) only.***
Gross Margin=Total Revenue from Operations -(Cost of Materials Consumed + Purchases of stock-in-trade - Changes in inventories of finished goods, work-in-progress and stock-in-trade).
Gross Margin%=(Gross Margin / Total Revenue from Operations)*100.
EBITDA=Commission/Interest + Depreciation and Amortization + Tax + Profit/Loss (PAT).
1 Lac = 100,000.
1 Million = 10 Lacs.
1 Crore = 10 Millions.
1 Crore = 100 Lacs.
1 Billion = 1000 Millions.
1 Billion = 100 Crores.
Comments