Outcome of Board Meeting - Audited Financial Results - March 31, 2026
BORORENEW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Borosil Renewables reported standalone revenue of Rs 1,53,483 Lakhs for FY26, up 38% from Rs 1,10,994 Lakhs in FY25, driven by strong domestic demand for solar glass. Profit before exceptional items jumped to Rs 39,071 Lakhs from Rs 4,686 Lakhs, showing strong operational performance. However, after exceptional items of Rs 35,978 Lakhs (write-off of full exposure to German subsidiaries GMB and Geosphere), profit after tax declined to Rs 2,074 Lakhs from Rs 3,347 Lakhs. The company raised Rs 60,663 Lakhs through preferential issues during the year. The Board also approved fund-raising of up to Rs 750 crores and expansion into rooftop solar solutions.
The core business showed excellent recovery with 38% revenue growth and significant margin expansion, but the large write-off of German subsidiary exposure (Rs 35,978 Lakhs) suppressed bottom-line profitability. Despite this, the strong operating cash flow of Rs 4,245 Lakhs and upcoming fund-raising capability provide financial flexibility for growth initiatives.