BOROSIL RENEWABLES LIMITED has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Borosil Renewables reported standalone revenue of Rs. 1,53,482.50 Lakhs for FY26, up 38.3% from Rs. 1,10,993.63 Lakhs in FY25. Profit before tax (before exceptional items) jumped to Rs. 39,071.24 Lakhs from Rs. 4,685.65 Lakhs, indicating strong operational improvement. However, net profit after tax declined to Rs. 2,074.08 Lakhs from Rs. 3,346.58 Lakhs due to a Rs. 32,590.81 Lakhs exceptional write-off related to German subsidiaries GMB and Geosphere that filed for insolvency. The company also raised Rs. 60,663 Lakhs through preferential issues during the year and got shareholders' approval to raise up to Rs. 750 crores more. Statutory auditors issued unmodified opinions on both standalone and consolidated results.
Despite strong revenue growth and operational profitability, the large write-off of German subsidiary exposure has significantly impacted bottom-line PAT. The fund-raising approvals signal potential future dilution but also indicate management's intent to invest in growth including a new rooftop solar solutions division.