Borosil Renewables Ltd's Q3FY25 Quarterly Results

Result Summary

• Borosil Renewables Ltd reported a 0.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 12.8%.
• Its expenses for the quarter were up by 5.7% QoQ and 16.1% YoY.
• The net profit increased 129.2% QoQ and increased 89.1% YoY.
• The earnings per share (EPS) of Borosil Renewables Ltd declined at 2 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Borosil Renewables Ltd is a prominent player in the renewable energy sector, primarily focusing on the manufacturing of solar glass. The company is part of the broader Borosil Group, which is known for its diverse range of products including glassware and laboratory equipment. Borosil Renewables is distinguished by its commitment to sustainability and innovation in solar technology, contributing to the growing demand for renewable energy solutions. While specific recent developments are not available from the data, the company's core operations revolve around enhancing solar glass production efficiency and expanding market presence in renewable energy.

Revenue

In Q3FY25, Borosil Renewables Ltd reported a total income of ₹376.55 crores. This represents a slight decrease of 0.4% compared to the preceding quarter, Q2FY25, where the total income was ₹378.25 crores. However, on a year-over-year basis, the company experienced a notable increase in revenue, with a 12.8% rise from ₹333.85 crores in Q3FY24. This growth suggests an upward trajectory in revenue generation over the year, perhaps reflecting increased demand or expanded capacity in the renewable energy sector.

Profitability

During Q3FY25, Borosil Renewables Ltd faced challenges in profitability, with a profit before tax (PBT) of -₹32.00 crores. This figure marks a significant increase in losses compared to Q2FY25, where the PBT was -₹8.38 crores, indicating a quarter-over-quarter increase in losses of 281.9%. Year-over-year, the PBT worsened by 77.3% from -₹18.05 crores in Q3FY24. The profit after tax (PAT) followed a similar pattern, reporting -₹30.07 crores in Q3FY25, compared to -₹13.12 crores in Q2FY25 and -₹15.90 crores in Q3FY24, reflecting a QoQ increase in losses by 129.2% and a YoY increase by 89.1%. Earnings per share (EPS) were also affected, with a value of -₹2.00 in Q3FY25, compared to -₹0.80 in Q2FY25 and -₹1.20 in Q3FY24, showing a QoQ increase in losses by 150% and a YoY increase by 66.7%.

Operating Metrics

The total expenses for Borosil Renewables Ltd in Q3FY25 amounted to ₹408.55 crores, which is a 5.7% increase from the previous quarter's expenses of ₹386.63 crores. Year-over-year, the expenses have risen by 16.1% from ₹351.94 crores in Q3FY24. The increase in expenses outpaced the revenue growth, contributing to the overall decline in profitability. The tax expense for Q3FY25 was -₹1.95 crores, contrasting with a tax payment of ₹4.83 crores in Q2FY25 and a tax credit of -₹2.29 crores in Q3FY24. The fluctuation in tax figures indicates variability in tax liabilities or strategies, affecting the net profitability of the company.