Q1 2025 Borosil Renewables Ltd Earnings Call Transcript
Key Points
- Net revenue increased by 6% compared to the preceding quarter, driven by a 2% rise in sales volume and higher selling prices.
- Sales volume rose by 23% over the corresponding quarter in the previous year.
- EBITDA improved to INR29.71 crores with a margin of 12.3%, up from 5.8% in the preceding quarter.
- Post-tax loss declined to INR3.64 crores from INR13.37 crores in the preceding quarter.
- The company is actively engaged in cost optimization, including the finalization of a 16.5 MW solar-wind hybrid power plant.
- Average ex-factory selling prices were lower by 17.9% compared to the corresponding quarter last year.
- Export sales have been affected by a demand slowdown in Europe, with exports standing at INR22.42 crores compared to INR72.13 crores in the corresponding quarter last year.
- The German operations are facing challenges due to unrestrained import of Chinese solar modules at dumped prices, leading to production shutdowns.
- Overseas subsidiaries reported a negative EBITDA of INR3.8 crores for the first quarter.
- The company is still awaiting a decision on the imposition of antidumping and countervailing duties on imports from China and Vietnam.
Ladies and gentlemen, good day, and welcome to the Borosil Renewables Limited Q1 FY25 earnings conference call hosted by Axis Capital Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Rohan Gheewala from Axis Capital Limited. Thank you, and over to you, sir.
Thank you, Soubin. Good afternoon, everyone. On behalf of Axis Capital, I'm pleased to welcome you all for the Q1 FY25 Earnings Conference Call of Borosil Renewables Limited.
We have with us the management team represented by Mr. P.K. Kheruka, Executive Chairman; Mr. Ashok Jain, Whole-Time Director; Mr. Sunil Roongta, Whole-Time Director and Chief Financial Officer; and Mr. Balesh Talapady, VP, Investor Relations. We thank the management for giving us the opportunity to host the call. We will begin with the opening remarks from the management, followed by an interactive Q&A session.
Thank you, and over to you, sir.
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