Q4 2026 Borosil Renewables Ltd Earnings Call Transcript
Key Points
- Borosil Renewables Ltd (BOM:502219) achieved a significant milestone with standalone sales reaching INR 1,534.83 crores, marking an impressive growth of over 38% compared to the previous year.
- The company reported a robust EBITDA of INR 491.68 crores, which is 32% of sales, showing a quantum jump of 172% from the previous year.
- The average ex-factory selling price increased significantly, contributing to improved revenue and EBITDA margins.
- The domestic demand for solar glass remains robust, driven by increased domestic production of solar modules and government initiatives like ALMM.
- Borosil Renewables Ltd is expanding its business by starting a new division for selling rooftop solar solutions, leveraging its strong brand and distribution network.
- The ongoing geopolitical tensions in West Asia have adversely impacted fuel supplies, leading to increased fuel costs for the company.
- Exports have decreased as a percentage of turnover, with major export markets facing low demand.
- The company had to write off INR 325.91 crores due to the insolvency of its German subsidiary, Geosphere, impacting its financials.
- Despite the positive financial performance, the company faces challenges from rising input costs due to oil price fluctuations.
- The solar glass market remains competitive, with imports occupying about 70% of consumption, posing a challenge for domestic producers.
Ladies and Gentlemen, Good day and welcome to the Borosil Renewables Limited Q4 FY26 Results Call hosted by Axis Capital Limited (Operator Instructions).
I know Hand the Conference to Mr. Rohan Gheewala from Access Capital.
Thank you and over to you, sir.
Thank you.
Good evening. On behalf of Access Capital, I'm pleased to welcome you all to the Q4-FY26 Earnings Conference Call of Borosil Renewables Limited.
We have the task of management represented by Mr. Pradeep Kheruka, Executive Chairman, Mr. Ashok Jain, Non-Executive Director, Mr. Melwyn Moses, Chief Executive Officer, Mr. Sunil Roongta, Full-Time Director and Chief Financial Officer, and Mr. Dawal Chair, AVP, Investor Relations.
We will begin with the opening remarks from the management, followed by an interactive Q&A session.
Thank you and over to you, sir.
Good afternoon and
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