BOROSIL RENEWABLES LIMITED — PPTs, 24-07-2025: Investor Presentation

**Financial Highlights:**

Q1 FY26 revenue grew 37.4% YoY to ₹332.26 Cr. EBITDA jumped 211.4% to ₹92.53 Cr, boosting margins to 27.8%, driven by higher selling prices. Exports reached 10.7% of turnover. A one-time ₹325.91 Cr provision for its German subsidiary's insolvency led to a standalone net loss.

**Strategic Initiatives & Growth Drivers:**

The company is exiting German operations (GMB insolvency) to solely focus on India. A revised plan will add 600 TPD new capacity with ₹950 Cr capex by Dec 2026, aiming to meet robust domestic demand, supported by strong anti-dumping duties and government schemes.

**Business Developments:**

Following its German subsidiary's insolvency, the board approved a fresh ₹379.52 Cr preferential equity issue from prominent investors to fund expanded Indian capacity plans.

**Market Position & Competitive Advantage:**

As India's largest solar glass producer, the company is positioned for import substitution. Its edge comes from high-transmission 2mm glass, patented eco-friendly innovations, and significant renewable energy use, ensuring durability and market leadership.

**Investor Implications:**

Exiting European losses and focusing on India's high-growth solar market offers significant upside. Expanded capacity and policy support are strong tailwinds. Successful execution of project timelines and fund utilization are key for future value.