Borosil Limited has informed the Exchange regarding Board meeting held on May 19, 2025.
BOROLTD · price
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Borosil's Board, on May 19, 2025, approved audited standalone and consolidated results for Q4 and FY25 with an unmodified (clean) opinion from auditor Chaturvedi & Shah LLP. Standalone FY25 revenue from operations rose ~16.8% YoY to Rs. 1,107.77 crores (vs Rs. 948.53 cr in FY24), while FY25 profit after tax grew ~12.7% to Rs. 74.24 crores (vs Rs. 65.87 cr); Q4 FY25 PAT jumped to Rs. 11.15 cr from Rs. 5.08 cr. FY25 other income includes a one-time Rs. 13.46 cr gain from transfer of tenancy rights. The Board also seeks shareholder approval at the upcoming AGM for an enabling resolution to raise up to Rs. 250 crores via QIP, FPO, FCCBs or other permitted routes. A Rs. 150 cr QIP done in Q1 FY25 was already fully utilised for repaying project/working-capital loans, helping cut total borrowings from Rs. 153.9 cr to Rs. 77.7 cr.
Clean audit, double-digit revenue and profit growth, and meaningful debt reduction are positives for shareholders, while EBITDA margin expanded about 190 bps YoY. However, operating cash flow turned negative in FY25 (largely due to a one-time ~Rs. 97.8 cr payment linked to a Scheme of Arrangement), and the proposed Rs. 250 cr fund-raise could lead to future equity dilution depending on the route and price chosen.