Borosil Renewables Highlights Strong Q1 FY27 Growth, Capacity Expansion Plans in Earnings Call
Borosil Renewables Limited shared its Q1 FY27 business performance, industry outlook, and expansion plans during its earnings conference call with analysts and investors.
What Happened and Why It Matters
During its Q1 FY27 earnings call, Borosil Renewables reported standalone sales of Rs 405.69 crore, up 53% year-on-year from Rs 332.26 crore.
Standalone EBITDA increased to Rs 142 crore, with the EBITDA margin improving to 35% compared with Rs 92.53 crore and 27.9% in the same period last year.
Higher realizations also supported performance, with the average ex-factory selling price rising to Rs 160.30 per millimetre, while sales volumes grew 8% year-on-year.
On a consolidated basis, revenue stood at Rs 405.69 crore, while EBITDA nearly doubled to Rs 141.16 crore.
Management stated that the 600-tonne-per-day capacity expansion remains on track for commissioning in Q4 FY27, which is expected to increase production capacity by approximately 60%.
The company's hybrid captive power project now meets 93% of its electricity requirements, helping reduce energy costs.
Looking ahead, Borosil Renewables expects healthy demand for solar glass, supported by government initiatives and growing domestic solar installations. The company also plans to expand its rooftop solar business and aims to achieve revenue of over Rs 4,000 crore within the next three to four years.
Business Impact and Strategic Relevance
- Strong Quarter: Standalone revenue and EBITDA increased 53% YoY, driven by better pricing and higher sales volumes.
- Capacity Expansion: The 600 TPD expansion project remains on schedule for commissioning in Q4 FY27.
- Lower Energy Costs: The hybrid captive power plant now meets 93% of the company's electricity requirements.
- Growth Outlook: Management remains optimistic about long-term solar glass demand and expects future capacity additions to support growth.
What to Watch Next
Investors will closely monitor:
- Commissioning of the new production line.
- Capacity utilization ramp-up.
- Solar glass pricing trends.
- Progress of the rooftop solar business.
About Borosil Renewables Limited
Borosil Renewables Limited is India's leading manufacturer of solar glass used in photovoltaic modules. The company supplies high-performance solar glass to domestic and international solar module manufacturers and continues to expand its manufacturing capacity to meet growing demand.
Disclaimer
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