Earnings Call/Transcript
Borosil Renewables Releases Q2 FY27 Call Audio
Borosil Renewables announced that the audio recording of its analyst and institutional investor conference call held on October 30, 2026 is available on its website.
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Industrial Products
Glass - Industrial
5,686 Cr
High Risk
13.4
31.2
0.1
2.9
720.85
374.70
Sales CAGR
Profit CAGR
ROE
ROCE
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Borosil Renewables Ltd (BORORENEW) is currently trading at 386.35 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Borosil Renewables manufactures high-performance low-iron patterned solar glass for photovoltaic modules, rooftops, floating solar, greenhouses and BIPV applications. It operates India’s largest solar-glass platform, with 1,000 TPD capacity, more than 100 domestic customers, international exports and differentiated products including antimony-free, anti-reflective, anti-soiling and fully tempered 2mm glass. The company delivered a sharply improved first-half outcome: revenue rose 12.8% to ₹801.8 crore, EBITDA increased 18.5% to ₹258.3 crore and PAT reached ₹157.8 crore, compared with a substantial prior-year loss affected by exceptional items. The improvement reflects operating recovery, lower finance costs and the absence of the prior year’s exceptional charge. Quarterly profitability was more mixed than the headline PAT growth suggests. Q2 revenue increased 4.7%, but EBITDA declined 7.3% and margin contracted to 28.6% because a temporary gas-price decline reduced the fuel surcharge and routine furnace maintenance lowered production. Management expects realizations and earnings to normalize as gas prices and production recover. Borosil Renewables is adding 600 TPD through two furnaces, taking capacity to 1,600 TPD by March 2027. The opportunity is supported by domestic solar-glass demand of approximately 10,400 TPD against current domestic capacity of 2,900 TPD, while policy support and import duties improve the strategic case for local manufacturing. Beyond solar glass, the company is entering branded rooftop solar solutions through panels, inverters, batteries, installation and after-sales service. Its stated approach is deliberately asset-light and phased, beginning with co-branding and OEM partnerships before potentially moving toward CKD assembly, targeting residential, C&I and PM-KUSUM customers across selected Indian states.
Over the past 52 weeks, Borosil Renewables Ltd has traded between a low of ₹374.70 and a high of ₹720.85. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Borosil Renewables Ltd has a market capitalization of approximately 5,686.44. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Borosil Renewables Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 13.39 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 5,686.44 Cr, Borosil Renewables Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Borosil Renewables Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Borosil Renewables Ltd is 13.39. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
BRL plans to offer solar panels above 600W, inverters from 3 kW to 150 kW, and batteries ranging from 12.8V to 51.2V. Its stated solution also includes installation, commissioning and after-sales service.
Borosil said a lower fuel surcharge following temporarily lower gas prices reduced reported realizations. Routine furnace maintenance also caused a slight decline in production and weighed on gross margins. EBITDA consequently fell 7.3% year on year to Rs 116.3 crore.
BRL expects 1,600 TPD of solar-glass capacity in estimated FY27. This includes 1,000 TPD from three existing India furnaces and 600 TPD from SG-4 and SG-5.
Borosil Renewables reported consolidated profit of Rs 68.78 crore for the quarter ended 30 September 2026. The figure was Rs 61.58 crore in the September 2025 quarter and Rs 86.64 crore in the preceding June 2026 quarter.
Earnings Call/Transcript
Borosil Renewables announced that the audio recording of its analyst and institutional investor conference call held on October 30, 2026 is available on its website.
Financial Results
Borosil Renewables published newspaper notices for its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
Credit Rating
Borosil Renewables’ bank loan ratings were upgraded by India Ratings to IND AA-/Stable and IND A1+ from IND A and IND A1, respectively.
Regulatory/Compliance Filing
Borosil Renewables filed ICRA’s monitoring agency report for the quarter ended September 30, 2026, reporting no deviation in utilization of preferential issue proceeds.
Investor Presentation
Borosil Renewables shared its Q2 FY27 earnings presentation, reporting revenue of ₹396.2 crore and PAT of ₹70.1 crore, with capacity expansion underway.
Financial Results
Borosil Renewables approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, amended its ESOP scheme and extended use of preferential issue proceeds until March 31, 2027.
