BOROSIL RENEWABLES LIMITED — Investor Meet, 28-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Borosil Renewables reported strong Q1 FY26 standalone sales of 332.26 Cr and EBITDA of 92.53 Cr (27.8% margin), a significant YoY jump. The Board approved a 325.91 Cr one-time provision for its German subsidiary's insolvency, ceasing 9 Cr monthly losses and allowing focus on India. The company is advancing a 600 TPD expansion (950 Cr CAPEX) slated for commissioning by Oct-Dec 2026. Domestic demand is robust; with 70% of solar glass currently imported, there's substantial scope for local growth and import substitution. Management anticipates a slight improvement in margins and remains confident in the sector's positive trajectory.