BOROSIL RENEWABLES LIMITED Earnings Summary — Q1 FY2027
Borosil Renewables Returns to Profitability in Q1 FY27 as Standalone Revenue Grows 22% YoY
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 7.8% sequentially in Q1 FY2027.
- Revenue of ₹406 Cr is 17.1% higher year-on-year.
- Revenue has compounded at 17.3% annualised over the last 10 quarters.
- Net profit of ₹87 Cr is 152.1% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Operating margin stands at 31.4% in Q1 FY2027.
- Operating margin expanded by 1317 bps year-on-year.
- Over the last two years operating margin has expanded by 2538 bps.
- PBT margin is 29.1%.
- Expense growth of -1.8% remained below revenue growth of 17.1%.
- Operating profit of ₹127 Cr is 101.9% higher year-on-year.
- Operating leverage continues to improve.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 74/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 406 | 440 | 390 | 379 | 347 | 374 | 361 | 373 | 371 | 283 |
| Expenses | Stable | 279 | 304 | 268 | 260 | 284 | 358 | 372 | 344 | 349 | 309 |
| Operating Profit | Strong Uptrend | 127 | 136 | 123 | 118 | 63 | 15 | -10 | 29 | 22 | -26 |
| Operating Margin | Strong Uptrend | 31.4% | 30.9% | 31.5% | 31.3% | 18.2% | 4.1% | -2.8% | 7.9% | 6.0% | -9.0% |
| Other Income | Volatile | 15 | 9 | 25 | -6 | -216 | 12 | 15 | 5 | 4 | 5 |
| Interest | Volatile | 2 | 3 | 3 | 4 | 4 | 10 | 5 | 10 | 7 | 3 |
| Depreciation | Softening | 22 | 21 | 22 | 22 | 30 | 36 | 32 | 33 | 34 | 34 |
| Profit Before Tax | Volatile | 118 | 120 | 122 | 87 | -187 | -18 | -32 | -8 | -16 | -57 |
| Tax | Volatile | 31 | -49 | 22 | 25 | 17 | 11 | -2 | 5 | -1 | -4 |
| Net Profit | Volatile | 87 | 169 | 100 | 26 | -167 | -20 | -27 | -10 | -13 | -48 |
| Net Margin | Volatile | 21.4% | 38.5% | 25.6% | 7.0% | -48.1% | -5.4% | -7.4% | -2.6% | -3.5% | -17.0% |
Key Takeaways
- Standalone revenue increased 22.1% YoY to ₹40,569 Lakhs, driven primarily by strong domestic solar glass demand.
- The company reported a standalone net profit of ₹8,770.55 Lakhs, a significant recovery from the loss of ₹27,234 Lakhs in the same quarter last year which was impacted by heavy exceptional items.
- Domestic revenue continues to be the primary engine, accounting for ~96.5% of total sales (₹39,140 Lakhs), while export revenue remains subdued at ₹1,428 Lakhs.
- Power and fuel costs increased 33.5% YoY to ₹10,213 Lakhs, reflecting rising energy inputs despite stable domestic manufacturing volumes.
- Management continues to utilize funds from preferential issues, with ₹23,514 Lakhs already deployed towards debt satisfaction of German subsidiary GMB and domestic capacity expansion.
Management Guidance
Management is focused on domestic capacity expansion and resolving German subsidiary insolvency; remaining warrant conversion funds of approximately ₹1,125 Lakhs (75% balance) are expected by August 13, 2026.
Sentiment Shift
Improving
The reporting of a clean standalone profit without the drag of previous impairment charges indicates a stabilized core business, though standalone margins slightly contracted compared to the immediate prior quarter.
Outlook
The outlook is positive for the domestic India business given solar installation targets, though the consolidated performance remains slightly weighed down by the losses in European subsidiaries (Interfloat) undergoing restructuring.
From the Annual Report (Key Quotes)
“Total comprehensive income for the period was ₹8,751.26 Lakhs compared to a loss of ₹27,241.46 Lakhs in the corresponding previous quarter.”
“Company has received Rs. 374.99 Lakhs from warrant holders... remaining amount would be received as and when the conversion option is exercised... until 13th August, 2026.”
“Within India revenue was ₹39,140.34 Lakhs, constituting the vast majority of operations.”
Official Quarterly Documents
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This summary is AI-generated from BOROSIL RENEWABLES LIMITED's latest quarterly filing and earnings call. For informational purposes only — not investment advice.