Below are the financial statements of Grindwell Norton, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of INR | 2024 | 2023 |
|---|---|---|
| Income | — | — |
| Revenue from operations | 268.68a | 254.13a |
| Other income | 6.83a | 5.61a |
| Total income | 275.51a | 259.74a |
| Expenses | — | — |
| Cost of materials consumed | -88.36a | -92.38a |
| Purchases of stock-in-trade | -33.33a | -26.71a |
| Changes in inventories of work-in-progress, stock-in-trade and finished goods | -1.02a | -2.92a |
| Employee benefits expense | -32.58a | -29.74a |
| Finance costs | -0.78a | -0.78a |
| Depreciation and amortisation expense | -7.09a | -6.01a |
| Other expenses | -63.49a | -58.27a |
| Total expenses | -224.6a | -210.97a |
| Profit before share of profit/(loss) of joint venture and tax | 50.91a | 48.78a |
| Share of profit/(loss) of joint venture accounted for using the equity method | -0.04a | -0.19a |
| Profit before exceptional item and tax | 50.87a | 48.59a |
| Exceptional item | -0.04a | 0a |
| Profit before tax | 50.83a | 48.59a |
| Income-tax expenses | — | — |
| Current tax | -12.2a | -12.7a |
| Deferred tax | -0.23a | -0.26a |
| Total tax expenses | -12.44a | -12.44a |
| Profit for the year | 38.4a | 36.15a |
| Net profit attributable to | — | — |
| Owners | 38.36a | 36.19a |
| Non controlling interests | 0.03a | -0.04a |
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