Borosil Renewables net profit grows to Rs 30 crore in July-September quarter – EQ
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In Short : Borosil Renewables, a leading solar glass manufacturer in India, reported a robust financial performance in the July-September quarter, with a net profit of Rs 30 crore. This growth highlights the company’s strong position in the renewable energy sector and its ability to capitalize on the increasing demand for solar products. The positive financial results reflect Borosil Renewables’ contribution to India’s renewable energy goals and its efforts to drive the adoption of solar energy solutions.
In Detail : The company’s total income surged to Rs 406.31 crore from Rs 171.37 crore in the year-ago quarter
Borosil Renewables on Monday posted a 25 per cent rise in its consolidated net profit to Rs 30.47 crore during September 2023 quarter, pushed by higher income.
It had clocked a net profit of Rs 24.19 crore during the July-September period of preceding 2022-23 fiscal, the company said in a BSE filing.
The company’s total income surged to Rs 406.31 crore from Rs 171.37 crore in the year-ago quarter.
Its expenses were at Rs 409.74 crore, higher from Rs 138.55 crore in same period of last financial year.
Borosil Renewables Ltd is the only solar glass manufacturer in India.
