BOROSIL RENEWABLES LIMITED has informed the Exchange about Transcript

Borosil Renewables reported a record FY26 with standalone sales of INR1,534.83 crores, up 38% YoY, and EBITDA of INR491.68 crores (32% margin), up 172% YoY, driven by higher ex-factory selling prices of INR146.7/mm following anti-dumping duties on Chinese and Vietnamese solar glass. Q4 sales hit INR437.62 crores with EBITDA margin of 33% (INR144.61 crores). Management guided that 30-33% EBITDA margins are achievable going forward and expects operating leverage from the ongoing 600 tons/day capacity expansion (two new furnaces), expected to commission by Q4 FY27 and contribute from Q1 next year. The Board approved an enabling resolution to raise up to INR750 crores in equity, though management said there is no current need. A new rooftop solar solutions division was launched using the Borosil brand, targeting INR75 crores in the first year with minimal capex. The German subsidiary (Geosphere/GMB) exposure was fully written off, but no additional P&L impact as it was already provisioned. The government has recommended continuation of countervailing duties on Malaysian solar glass for 5 years.