Borosil Renewables Limited announced its financial results for the quarter and year ended March 31, 2026. The company reported a significant standalone profit for the final quarter of Rs. 16,900.91 lakhs. Furthermore, the Board has approved an enabling resolution to raise up to Rs. 750 crores through various financial instruments, alongside plans to launch a new Rooftop Solar Solutions division to further enhance its business footprint.
Annual Financial Performance Highlights
For the financial year ended March 31, 2026, Borosil Renewables reported a standalone revenue from operations of Rs. 1,53,482.50 lakhs, compared to Rs. 1,10,993.63 lakhs in the previous year. The standalone profit for the final quarter stood at Rs. 16,900.91 lakhs, demonstrating robust performance. These results have been reviewed and approved by the company’s Board, with Statutory Auditors issuing an unmodified opinion.
Strategic Capital Raising
To support future growth, the Board has approved a proposal to raise funds up to Rs. 750 crores. This capital may be sourced through various strategic modes, including further public offers, American or Global Depository Receipts, Foreign Currency Convertible Bonds, or qualified institutions placement. This move is designed to provide the company with the flexibility to pursue expansion opportunities as they arise.
Operational Expansion and Leadership
The company is diversifying its business model by launching a dedicated division focused on selling Rooftop Solar Solutions, aiming to tap into the growing demand for decentralized energy. Additionally, the company announced the re-appointment of Mr. Sunil Roongta as Whole-Time Director and Key Managerial Personnel for a term commencing May 27, 2027, until July 22, 2029. Mr. Roongta will continue his role as Chief Financial Officer.
Audit and Governance
The Board also recommended the re-appointment of M/s. Chaturvedi & Shah LLP as the Statutory Auditors for a second term of five consecutive years. This appointment will cover the period from the conclusion of the 63rd Annual General Meeting through the conclusion of the 68th Annual General Meeting in 2031, ensuring continuity and robust financial oversight.
Source: BSE
