Borosil Renewables Q3FY25 results: Net loss widens amid higher input costs and pricing pressures

Borosil Renewables Limited has reported a net loss of ₹30 crore for the third quarter of the financial year 2024-25, marking a significant increase from the loss of ₹15.9 crore in the same period last year. The losses widened as the sector faces rising input costs and pricing pressure.

Borosil Renewables’ revenue for the quarter grew by 9.4% year-on-year, reaching ₹361.5 crore, compared to ₹330.4 crore in Q3 FY24. Despite the revenue growth, Borosil Renewables faced challenges with its operational performance. The EBITDA (earnings before interest, taxes, depreciation, and amortisation) stood at a loss of ₹1.1 crore, a stark contrast to the EBITDA of ₹20.6 crore reported in Q3 FY24.

Borosil Renewables results came after market hours. The company’s share price settled over 2% lower, quoting at ₹495.10 on the BSE, on a day Indian stock markets continued their downward trajectory for the eighth straight day, marking the first such streak in two years. The combined market capitalisation of BSE-listed companies slipped below ₹400 lakh crore for the first time since June 2024 during intraday trading, as both the Nifty and Sensex saw significant losses.
In the last one year, Borosil Renewables stock price has corrected almost 10%, but the five-year return on the stock is more than 150%.

Borosil Renewables Ltd is a leading manufacturer of solar glass, a critical component for the photovoltaic (solar power) industry. Part of the Borosil group, the company was formerly known as Borosil Glass Works Ltd. and has transformed its focus towards renewable energy solutions. It produces high-quality tempered glass used in solar panels, catering to both domestic and international markets.