BOROSIL RENEWABLES LIMITED — PPTs, 29-01-2026: Investor Presentation

Borosil Renewables delivered strong Q3 financial results, with standalone revenue reaching an all-time high of ₹386.50 Cr, up 40.4% year-over-year. EBITDA surged 517.7% to ₹129.04 Cr, driven by increased selling prices. Profit Before Tax also saw a significant jump of 1086.4% to ₹104.09 Cr.

The company is expanding aggressively, with plans for two new furnaces (SG-4 & SG-5) totaling 600 TPD, aiming for commissioning by late 2026. This ₹950 Cr investment is strategically timed to leverage strong policy support, including anti-dumping duties, to meet growing domestic solar glass demand.

Significant fundraises totaling over ₹889 Cr via preferential issues underscore commitment to growth, largely financing the expansion. A key challenge was the insolvency filing by its German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, due to market conditions.

Management is optimistic about the future, citing India’s ambitious 280 GW solar capacity target by 2030 and an expected rebound in solar module prices. The company is well-positioned to capitalize on this robust demand, driven by domestic manufacturing growth.