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Earnings Call

Borosil Renewables Earnings Call: Key Takeaways

Borosil Renewables reported Q1FY27 standalone revenue of ₹405.69 Cr (+22.1% YoY) with EBITDA margins at 35%. Growth is driven by higher selling prices and a new rooftop solar division.

Guidance and delivery
Management target Revenue 2036
Highlights
Revenue growth22.1% YoY standalone; 17.1% YoY consolidated.
MarginsEBITDA margin sustained above 33% for four consecutive quarters.
Order bookReady demand for ongoing expansion from established customer relationships.
Demand visibilityStrong domestic demand; supply gap in local solar glass production.
Management confidenceHigh, supported by anti-dumping duties and CVD on imports.

Growth

Standalone revenue grew 22.1% YoY to ₹405.69 Cr; EBITDA rose 53.5% YoY to ₹142 Cr.

Outlook

Capex of ₹950 Cr for SG-4 & SG-5 furnaces (600 TPD) targeting Dec 2026 commissioning; solar target 500GW by 2036.

Risks

Insolvency of German subsidiary GMB; fuel price volatility post West Asia war offset by surcharges.

Last quarter's promises, checked

Delivered

  • Guided 6% volume growth → delivered 6% (= BEAT)
  • Guided consistent EBITDA margins → delivered 35% vs 33.4% (= BEAT)
  • Guided price stability → delivered ASP rise to INR 160.3 (= BEAT)

Partly delivered

  • Guided Dec 2026 commissioning for SG-4/5 → on track (= PARTIAL)
  • Guided 75% captive power transition → commissioned Feb 2026 (= PARTIAL)
Source

Earnings Call filed with BSE, NSE: BORORENEW. Summary written with AI assistance from the document.

Read the document ↗

Borosil Renewables Ltd: key numbers

Share price
₹455.15
Market cap
₹6,699 Cr
Revenue (annual)
₹1,556 Cr
Net profit (annual)
₹129.1 Cr
P/E (TTM)
17.5×Sector 45.9×
Promoter holding
56.02%-2.75% QoQ
FII holding
5.62%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Borosil Renewables Ltd

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12:07 IST BSE
Capacity Expansion

Borosil Renewables Capacity Expansion: ₹1,100 Cr Investment

Borosil Renewables' board approved revised Rs.1100 Cr cost and March 2027 timeline for its 600 TPD expansion. Delay follows Middle East supply disruptions, funded via internal accruals.

Value
₹1,100 Cr
Execution
by end of March 2027
molten glass production capacity
1600 TPD
18:33 IST NSE
Other Announcement

Borosil Renewables Other Announcement

Borosil Renewables Limited informed the exchange regarding an interview of its Executive Chairman, Mr. Pradeep Kumar Kheruka, with CNBC Bajar concerning the company's general business update.