Borosil Renewables Ltd

Borosil Renewables Ltd announced rating actions from India Ratings and Research (Ind-Ra) concerning its various debt instruments, with India Ratings upgrading bank loan facilities amounting to 6,734.08, previously rated at 7,271.4, to IND AA-/Stable/IND A1+, and also assigning a rating of IND AA-/Stable/IND A1+ to proposed bank loan facilities of 450; further rating actions include upgrades to bank loan facilities, rates additional limits on October 30, 2026, and assignments of IND AA-/Stable/IND A1+ to bank loan facilities of 200 from Hongkong Shanghai Banking Corporation, 230 from Indusind Bank Limited, 800 from HDFC Bank Limited, 720 from Kotak Mahindra Bank, and IND A1+ to a bank loan facility of 450 from Indusind Bank Limited, alongside IND AA-/Stable ratings for term loans of 2517.5 from HDFC Bank Limited, 115 from Hongkong Shanghai Banking Corporation, 166.96 from Indusind Bank Limited, and 1534.62 from Kotak Mahindra Bank, with limited information available for certain instruments.

Borosil Renewables Ltd share price softened by 0.22% to Rs 393.8 after the company's net profit tumbled by 20.61% to Rs 68.78 crore, while revenue from operations eased by 2.22% to Rs 396.7 crore in Q3FY26 over Q2FY26. The market capitalization of Glass - Industrial industry group stocks on BSE stood at Rs 10094.59 crore, gaining 3.07%. It has inched up 1.33% over last one week and tumbled 24.07% in last one month while the market capitalization of Borosil Renewables Ltd has marginally improved by 2.49% and 25.91% in the same period respectively. Profit before tax (PBT) of Borosil Renewables Ltd stood at Rs 89.6 crore in Q3 FY26, easing 3.44% year-on-year, and tumbling by 24.00% quarter-on-quarter. EBITDA came in at Rs 94 crore, nosediving by 19.13% YoY and tanking 16.54% sequentially. Total expenses posted a minor rise of 5.01% to Rs 315.1 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 89.74 crore, softening by 1.46% YoY, while employee benefits expense was at Rs 27.01 crore, ticking higher by 5.88% YoY. For the TTM ended FY26, revenue from operations grew marginally by 5.17% to Rs 1555.84 crore, while net profit plunged by 246.49% to Rs 127.4 crore, compared to previous TTM. EBITDA saw a sharp decline of 1869% to Rs 416.09 crore, and PBT collapsed by 291.45% to Rs 142.4 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 423.09 crore in FY26, as against Rs 99.79 crore in FY25. Borosil Renewables Ltd nosedived by 40.08% in last one year, underperforming the benchmark BSE Sensex which has declined by 12.76% during the same period.

Borosil Renewables Limited submitted a certificate to the BSE Limited and National Stock Exchange of India Ltd under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, received from MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, acting as Registrar to an Issue and Share Transfer Agent.

Borosil Renewables Limited informed the BSE Limited and National Stock Exchange of India Ltd. that the trading window for dealing in the company's equity shares will be closed for designated persons and their immediate relatives from October 01, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter and half year ending September 30, 2026, with the date of the board meeting to consider and approve the results to be announced separately.

Borosil Renewables Limited informed the BSE and National Stock Exchange on Friday, September 22, 2026, that its board approved a revised project cost estimate of up to Rs 1100 crores and an updated commissioning timeline of March 2027 for the expansion of the company’s production capacity from 1,000 TPD to 1,600 TPD at Bharuch, Gujarat. The project, initially slated for completion by December 2026 and budgeted at Rs 950 crores, has faced delays and increased costs of Rs 150 crores due to ongoing conflict in the Middle East, which has disrupted supply chains and increased commodity costs; the additional outlay will be met through internal funds. The company also noted eligibility for financial incentives under the Viksit Gujarat Industrial Policy – 2026, including Interest Subsidy, Power Tariff Subsidy, Capital Subsidy, and EPF Reimbursement, as notified by the Government of Gujarat.

Borosil Renewables Limited announced the allotment of 53,38,840 equity shares following the conversion of warrants by warrant holders, increasing the company's paid-up equity share capital to Rs 14,71,83,709. The funds raised will be utilized, among other purposes, to finance the company’s solar glass expansion project. N R Agarwal Industries Limited received 37,735 shares, while Jigar Chandrakant Shah received 47,169 shares, and Niveshaay Hedgehogs FUND received 3,57,924 shares, as detailed in an annexure.

Borosil Renewables Limited announced the allotment of 12,52,629 equity shares to warrant holders who applied for conversion, following receipt of payments, according to a filing with the BSE Limited and National Stock Exchange of India Ltd on July 30, 2026. The allotment, stemming from warrants initially issued on a preferential basis in February 2025, increased the company’s paid-up equity share capital to Rs 14,18,44,869 divided into 14,18,44,869 equity shares, with M7 Global Fund PCCC – ASAS Global Opportunities Fund receiving the largest allocation of 75,471 shares.

Borosil Renewables reported receiving 166 consumer complaints during fiscal year 2025-26, all of which were resolved by the end of the year, according to a recently released corporate responsibility report. The company, which operates primarily on a business-to-business model, provides product information covering safe usage, environmental impact, and recycling through multiple channels including email, helplines, and its website. Borosil Renewables has also implemented an enhanced IT security policy and is working towards ISO 27001 certification, with 13 related policies finalized and 10 more expected to be completed by fiscal year 2026-27. The company reported zero data breaches and no product recalls during the reporting period, and 78.80% of its total wage cost was allocated to rural areas.

Borosil Renewables announced that the Annual General Meeting(AGM) of the company will be held on 27 August 2026.

Net profit of Borosil Renewables reported to Rs 86.84 crore in the quarter ended June 2026 as against net loss of Rs 166.57 crore during the previous quarter ended June 2025. Sales rose 17.06% to Rs 405.69 crore in the quarter ended June 2026 as against Rs 346.58 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales405.69346.58 17 OPM %31.3518.18 - PBDT139.4665.23 114 PBT117.8935.73 230 NP86.84-166.57 LP Powered by Capital Market - Live