Mumbai, May 10, 2025: Borosil Renewables Limited announced its audited financial results
for the quarter and financial year ended March 31, 2025, alongside key strategic decisions
from its Board meeting held today.
Financial Highlights – Standalone (FY25)
Revenue from operations rose to ₹1,10,993.63 lakh, up from ₹99,028.12 lakh in
FY24.
Net profit stood at ₹3,346.58 lakh, compared to a loss of ₹1,652.42 lakh in the
previous year.
Earnings per share improved to ₹2.56 from a loss of ₹1.27 in FY24.
Consolidated Performance
Revenue from operations grew to ₹1,47,932.89 lakh from ₹1,37,369.06 lakh in FY24.
The company reported a consolidated net loss of ₹8,696.60 lakh versus a loss of
₹5,027.36 lakh last year, primarily due to challenges at its European subsidiary GMB
Glasmanufaktur Brandenburg GmbH (GMB).
Board Decisions
- Fundraising Approval: Shareholder nod will be sought at the upcoming AGM to
raise up to ₹500 crore via modes such as Qualified Institutional Placement (QIP),
public offerings, FCCBs, or other permitted instruments. - Leadership Change: Whole-Time Director Mr. Ashok Jain will transition to a Non-
Executive, Non-Independent Director role effective August 1, 2025. - Secretarial Auditor Appointment: M/s. Dhrumil M. Shah & Co. LLP appointed as
Secretarial Auditor for five years, subject to shareholder approval.
Operational Update
GMB’s manufacturing operations remain temporarily suspended due to weak market
demand. The company is optimistic about revival following policy incentives
announced by the German government for solar manufacturing. In the interim,
Borosil plans to process imported raw glass domestically to maintain supply.
The company utilised ₹18,500 lakh from recent preferential allotments to settle
GMB’s loan liabilities.
Stock Information
BSE Code: 502219 | NSE Symbol: BORORENEW
The Board meeting commenced at 2:10 p.m. and concluded at 3:50 p.m.
For full financial statements and auditor reports, visit www.borosilrenewables.com.
