Borosil Scientific Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Borosil Scientific reported weak Q1 FY26 results, impacted by a one-time charge of Rs. 661.31 lakhs related to a Voluntary Retirement Scheme (VRS) settlement at its Nashik plant. Standalone revenue from operations fell to Rs. 8,900.95 lakhs from Rs. 9,375.58 lakhs in Q1 FY25, a decline of about 5%. Standalone net profit collapsed to Rs. 45.76 lakhs (from Rs. 647.14 lakhs), translating to EPS of just Rs. 0.05 versus Rs. 0.73 a year ago. On a consolidated basis, the company slipped into a net loss of Rs. 420.96 lakhs, against a profit of Rs. 502.28 lakhs last year, largely because its subsidiary Goel Scientific Glass Works posted a loss of Rs. 454 lakhs. The Scientific segment remained profitable, but the Glassware segment continued to report losses. The statutory auditor issued a clean limited review report with no qualifications.
The sharp drop in profitability is largely driven by the one-time VRS charge, but the underlying standalone profit before exceptional items also fell about 16% year-on-year, and the consolidated entity swung to a loss due to subsidiary weakness. Near-term sentiment may be negative, though the VRS is a non-recurring item and the Scientific (core) segment remains profitable.