Borosil Renewables announced its Q3 results, reporting a profit of ₹7,825.96 lakhs. The company also provided updates on its subsidiaries, including developments regarding GMB and Interfloat Corporation. Furthermore, the Board has approved strategic investments, including ₹18,500 lakhs towards satisfying liabilities related to GMB and ₹2,959.74 lakhs for capital expenditure. The company’s paid-up equity share capital stands at ₹1,401.89 lakhs.
Financial Performance in Q3
Borosil Renewables announced its financial results for the third quarter (Q3) of fiscal year 2026, ending December 31, 2025. Key highlights include:
- Total Income: ₹39,364.26 lakhs
- Profit After Tax: ₹7,825.96 lakhs
- Earnings Per Share: ₹5.63
Subsidiary Updates
The company provided updates on its subsidiaries:
- GMB Glasmanufaktur Brandenburg GmbH (GMB): Insolvency resolution process is underway. The management reassessed its exposure aggregating to ₹32,590.81 lakhs and fully provided for and disclosed as an exceptional item.
- Interfloat Corporation (IF): Facing challenges in retaining customers. Management has partially provided its exposure in IF during the quarter ended September 30, 2025, with ₹3,387.04 lakhs considered as impaired.
Strategic Investments and Capital Expenditure
The Board approved the following investments:
- ₹18,500.00 lakhs utilized towards satisfaction of the liability of the Company arising from Standby Letter of Credit (SBLC) extended on behalf of GMB.
- ₹2,959.74 lakhs utilized towards capital expenditure for expansion of the Company’s production capacity.
Consolidated Financial Performance
The consolidated financial results show:
- Revenue from Operations: ₹39,046.17 lakhs
- Profit/(Loss) after tax attributable to owners of the company: ₹10,009.89 lakhs
The group’s share of net loss from associates stood at ₹(18.19) Lakhs for Q3.
Source: BSE
