Borosil Renewables Q1 FY27 Results: Net Profit Rebounds to ₹8,664 Lakhs, Reversing Deep Base-Year Loss

Borosil Renewables Limited (NSE: BORORENEW; BSE: 543212), India's pioneering solar glass manufacturer, today announced its unaudited consolidated financial results for the first quarter of fiscal year 2027 ended June 30, 2026. The company recorded a substantial operational turnaround, swinging back into structural profitability from a deep net loss in the year-ago base quarter, driven by expanded domestic solar glass shipments and moderated energy overheads.

Revenue Architecture and Geographic Tractions

Borosil Renewables registered solid overall volume traction during the three-month period, highlighted by an expansion in domestic market deployment:

Total Revenue from Operations: Settled at ₹40,569.07 lakhs for Q1 FY27, marking a steady 17.1% year-on-year (YoY) increase against the ₹34,657.70 lakhs reported in the corresponding first quarter of the previous fiscal year. Sequentially, revenue dropped by 7.8% relative to the ₹43,992.13 lakhs achieved during the busy final quarter of FY26.

Domestic vs. Export Revenue Mix: Revenue generated within India surged 31.5% YoY to ₹39,140.34 lakhs, demonstrating rapid domestic solar module capacity onboarding. Conversely, international export sales scaled downward sharply to ₹1,428.73 lakhs, down from ₹4,894.11 lakhs in Q1 FY26.

Total Income: Aggregated to ₹41,967.93 lakhs, supported by other non-operating corporate income of ₹1,398.86 lakhs.

Profitability Turnaround Analysis

The corporate bottom-line staged an impressive fundamental recovery, primarily due to the absence of the heavy exceptional asset write-downs that dragged down the previous year's performance:

Net Profit for the Period: Bounced back firmly to register a Net Profit of ₹8,664.04 lakhs for Q1 FY27. This marks a massive structural turnaround compared to the deep net loss of ₹20,348.68 lakhs logged in the year-ago base quarter (Q1 FY26), which was severely impacted by an exceptional item drag of ₹22,230.95 lakhs. Net profit attributable to the owners of the company arrived at ₹8,684.38 lakhs.

Total Comprehensive Income: Settled at ₹8,610.67 lakhs, following minor negative currency translation changes of ₹34.08 lakhs.

Earnings Per Share (EPS): Basic and diluted EPS for the quarter advanced to ₹6.19 per share (face value of ₹1 each), marking a robust recovery from a negative EPS of ₹12.56 in Q1 FY26.

Expenditure Controls and Energy Outlays

The high-temperature requirements of solar glass manufacturing led to continuous investments in raw infrastructure and plant energy inputs:

Total Expenses: Monitored tightly down to ₹30,240.29 lakhs for Q1 FY27, showing improvement against both the ₹31,727.96 lakhs spent YoY and the ₹32,835.34 lakhs spent sequentially in Q4 FY26.

Power and Fuel Overhead: Stood as the largest manufacturing cost buffer at ₹10,213.18 lakhs, reflecting an escalation from ₹7,902.37 lakhs YoY as industrial gas and fuel grid costs adjusted upward.

Material Consumption: Cost of materials consumed rose to ₹9,106.83 lakhs from ₹8,588.85 lakhs YoY. This was offset by a sharp inventory configuration shift of minus ₹913.15 lakhs for finished and work-in-progress goods.

Operational Disciplines: Employee benefit outlays were reduced to ₹2,551.20 lakhs compared to ₹3,633.96 lakhs YoY, while finance borrowing fees dropped sharply by 44.7% YoY to ₹232.42 lakhs, highlighting strong debt restructuring maneuvers.

Balance Sheet and Tax Framework

Borosil Renewables recorded a profit before tax of ₹11,789.33 lakhs, which factored in a minor ₹61.69 lakhs share of profit from corporate associate platforms. Total tax expenses for the three-month window stood at ₹3,125.29 lakhs, consisting of a current tax outgo of ₹3,121.20 lakhs and a deferred tax charge of ₹15.26 lakhs.

The company's paid-up equity share capital base remained highly compact at ₹1,402.83 lakhs (composed of equity shares of face value ₹1 each), supported by an expansive other equity liquid reserve vault of ₹1,49,681.45 lakhs.

Shares of BOROSIL RENEWABLES LIMITED was last trading in BSE at Rs. 604.65 as compared to the previous close of Rs. 612.15. The total number of shares traded during the day was 156988 in over 4343 trades.

The stock hit an intraday high of Rs. 632.00 and intraday low of 594.35. The net turnover during the day was Rs. 95824826.00.

Source : Equity Bulls

Keywords

BOROSILRENEWABLES INE666D01022 Q1FY27 Q1FY2027 ResultUpdate