BOROSIL RENEWABLES LIMITED — PPTs, 16-02-2025: Investor Presentation

**Financial Highlights:**

Borosil Renewables Limited reported a revenue of ₹361.49 Cr for Q3 FY25, slightly down from ₹373.09 Cr in the prior quarter. The company's EBITDA plummeted to ₹5.00 Cr from ₹34.57 Cr in the previous quarter, attributed to decreased profitability and lower selling prices. For 9M FY25, revenue was ₹1,105.79 Cr, showing a modest increase compared to ₹1,090.48 Cr in 9M FY24.

**Strategic Initiatives and Growth Drivers:**

The company has shifted from a Rights Issue to a Preferential Issue aimed at raising approximately ₹697.50 Cr to support expansion and debt repayment. Plans to enhance production capacity to 1850 TPD by implementing two 250 TPD furnaces or one 500 TPD furnace are underway, expected to be completed by mid-2026.

**Business Developments:**

Borosil has experienced operational challenges, including a temporary cooldown of the German furnace due to low demand and pricing pressures from imported glass.

**Market Position and Competitive Advantage:**

The company remains a top player in the solar glass market in India with a prominent global presence, catering predominantly to European markets. The ongoing expansion and cost-effective production methods position Borosil well against international competitors.

**Investor Implications:**

Despite tough market conditions leading to increased operational losses, strategic financing and capacity expansion could enhance future profitability. Investors should monitor the company's recovery trajectory amidst fluctuating demand and pricing pressures in the solar glass segment.