BOROSIL RENEWABLES LIMITED (BORORENEW) Q2 FY27 Financial Results: Revenue ₹405.69 Cr

· NSE 🔴 High Importance Neutral
By StockFin Research Team AI-Assisted Analysis Source: BSE/NSE Filings
MetricValue
Revenue₹405.69 Cr
📢 Key Event
Borosil Renewables reported Q1 FY27 standalone revenue of ₹405.69 crores, up 53% YoY, with EBITDA at ₹142 crores (35% margin).
🔄 What Changed
Revenue grew 53% YoY to ₹405.69 crores; EBITDA rose to ₹142 crores (35% margin); 600 TPD capacity expansion planned for Q4 FY27; rooftop solar revenue target set at ₹36 crores for FY27.
🔮 What's Next
Targeting INR4,000+ crore revenue by FY30 from INR2,500 crore in FY27; 600 TPD furnace commissioning in Q1 FY27; potential additional 500-600 TPD greenfield capacity; rooftop integrated systems to contribute INR36 crores revenue this fiscal; no near-term equity raise, debt possible for large projects.
💡 Investor Takeaway
Shareholders should note strong YoY growth and capacity expansion plans, but monitor execution risks in scaling new capacity and execution of rooftop segment targets.

Borosil Renewables reported standalone revenue of ₹405.69 crores, up 53% YoY, driven by higher average selling prices (₹160.30/mm²) and full capacity utilization. EBITDA reached ₹142 crores (35% margin), with renewable power contributing 93% of energy needs. Consolidated figures matched standalone results. Management highlighted government support via ALMM 2 and 3, customs duty extensions on solar glass, and a 600 TPD capacity expansion commissioning in Q4 FY27. Rooftop solar revenue is targeted at ₹36 crores for FY27. Working capital days were disputed, with management citing ~60 days instead of 152. Long-term pricing remains stable amid 45 GW annual demand and limited domestic supply covering only 25% of needs.

📄 View Original Announcement (PDF)

About BOROSIL RENEWABLES LIMITED (BORORENEW)

Construction Materials · Glass & Glass Products · Listed on NSE

Market Cap: ₹6,991.71 Cr P/E: 18.2 ROE: 29.3% ROCE: 28.9%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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