Borosil Renewables reported a 53% year-on-year increase in net profit to ₹70.1 crore for the second quarter of FY27, compared with ₹45.8 crore in the year-ago period. Revenue rose 4.7% to ₹396 crore from ₹378 crore.
However, EBITDA declined 14.7% to ₹105.5 crore from ₹123.7 crore a year ago, while EBITDA margin contracted to 26.6% from 32.7%.
The company attributed the moderation in quarterly performance to a reduction of around ₹9.50 per square metre in fuel surcharge following a temporary decline in gas prices, which lowered reported realisations. Routine furnace maintenance also led to a slight dip in production, weighing on gross margins.
Borosil Renewables expects earnings to normalise from Q3FY27, supported by a subsequent rise in production levels and an increase in selling prices.
For the first half of FY27, revenue from operations rose 12.8% year-on-year to ₹801.8 crore, while EBITDA increased 18.5% to ₹258.3 crore. Net profit stood at ₹157.8 crore.
Executive Chairman P.K. Kheruka said the company’s 60% expansion, currently under execution, is aimed at strengthening its ability to meet growing demand for solar glass and reduce the country’s import dependence.
He added, ” Going forward, our priorities remain focused on improving operating performance, enhancing manufacturing efficiencies and continue creating sustainable value for all stakeholders.”
Borosil Renewables shares closed 0.90% lower at ₹390 on October 30, down ₹3.55, ahead of earning announcements.
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