Announced Wed, 28 Oct, 2026 · 17:50 IST
Q2 profit rises; Rs 70 crore glass tubing furnace approved
BOROSCI · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved Sep 2026 results and a 20 tonnes per day borosilicate 3.3 glass tubing furnace at Bharuch. Consolidated Q2 revenue rose 7.5% to Rs 114.96 crore and profit rose 86% to Rs 5.31 crore. The prior H1 included a Rs 6.61 crore voluntary retirement charge. The furnace, costing up to Rs 70 crore, will use company funds or loans; production is targeted by March 31, 2028. Prior segment data was restated after a reporting change.
Likely market impact
Profit growth may support the share price, but expansion adds funding and execution risk despite possible lower import costs and better supply.