Borosil Renewables Posts Strong Revenue Growth in Q1 Despite German Unit Drag – EQ
In Short : Borosil Renewables posted a 37.4% rise in Q1 revenue to ₹332.26 crore, boosted by strong domestic demand and better pricing. EBITDA jumped 211% to ₹92.53 crore with improved margins. However, a ₹325.91 crore provision for its loss-making German subsidiary led to a standalone net loss. The company is advancing a ₹950 crore capacity expansion in India.
In Detail : Borosil Renewables reported a strong revenue growth in the first quarter of FY26, with income rising 37.4% year-on-year to ₹332.26 crore. This growth was primarily driven by increased domestic demand and improved average selling prices of solar glass.
The company’s EBITDA surged by 211% during the quarter, reaching ₹92.53 crore compared to the same period last year. This sharp rise reflected better operating efficiencies and favorable market conditions in India.
EBITDA margins also improved significantly, expanding to 27.8%. This marks a notable increase from the previous year, showcasing the company’s operational resilience and cost management strategies.
Despite the robust revenue and EBITDA performance, Borosil Renewables reported a standalone net loss for the quarter. The loss was largely due to a one-time provision related to its European operations.
The company made a provision of ₹325.91 crore for its German subsidiary, Interfloat Group, which is currently under insolvency proceedings. This exceptional item weighed heavily on the company’s bottom line.
Management stated that the European business faced challenging conditions, including higher energy costs and a weak pricing environment, which led to the financial stress in the German unit.
In India, Borosil Renewables continues to focus on expanding its production capacity to meet rising demand. The company is implementing a ₹950 crore expansion project, which is expected to significantly boost its domestic output.
The expansion plan includes increasing solar glass manufacturing capacity and deploying advanced technology to improve efficiency and product quality. The initiative is aimed at reinforcing the company’s leadership in the Indian market.
Looking ahead, Borosil Renewables remains optimistic about the growth potential in India’s solar energy sector. It aims to strengthen its position through capacity additions, operational excellence, and a more focused strategy in domestic and international markets.
