BOROSIL RENEWABLES LIMITED has informed the Exchange about Investor Presentation
BORORENEW · price
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Borosil Renewables reported strong Q1 FY26 standalone results with revenue of ₹332.26 Cr, up 37.4% YoY, and EBITDA of ₹92.53 Cr, more than tripling from ₹29.71 Cr last year, pushing margins to 27.8% (from 12.3%). The improvement was driven by a 31% rise in average selling prices following the 5-year anti-dumping duty on Chinese and Vietnamese solar glass imports imposed in December 2024. However, the company made a one-time exceptional provision of ₹325.91 Cr against its German step-down subsidiary GMB (Geosphere), which filed for insolvency on July 4, 2025 due to collapsing EU demand, resulting in a standalone loss of ₹272.35 Cr. Management has decided to exit Europe and refocus entirely on India, where it is expanding capacity by 600 TPD (two new furnaces, SG-4 and SG-5) at a cost of ₹950 Cr, targeted for commissioning by December 2026. To fund this, a new ₹379.52 Cr preferential equity issue is proposed, adding to the ₹517.66 Cr raised earlier in February 2025.
Short-term: The ₹325.91 Cr exceptional provision will weigh on reported earnings, but underlying operations are robust with margins expanding sharply. Medium-term: With European drag removed and anti-dumping duty support plus 60% capacity expansion underway, the company is positioned for stronger consolidated earnings, ROCE and EPS going forward. Shareholders should note the upcoming ₹379.52 Cr equity dilution and shareholder vote scheduled for August 14, 2025.