Bharuch: Borosil Renewables, the solar glass manufacturing arm of the Borosil Group, has swung back to profit for the quarter ended June 30, 2026 as the company has witnessed strong order growth and has exited from its insolvent German subsidiary. The company has reported a consolidated net profit of ₹86.8 crore for Q1 FY26-27, reversing its heavy net loss of ₹170 crore recorded for the corresponding quarter last year. This swing has been supported by a healthy growth in operational revenue and strengthened margins over the years.
The company has seen its sales rise to ₹405.69 crore in the quarter from ₹332.26 crore for the same quarter last year, a jump of 53%. EBITDA has increased to ₹142 crore from ₹92.53 crore, with a 1480 basis points increase in margins to 34.8% for Q1FY27.
Borosil Renewables commissioned its hybrid solar-wind captive power plant in March 2026 to strengthen its sustainability initiatives, taking the share of its renewable power sources to 93%, while also saving on costs. Moving ahead, the company is aiming to set up two new furnaces with a capacity of 600 TPD (about 10.5GW) expected to be commissioned by December 2026, the company said in a press release.
Besides this, the company has approved the allotment of 3.09 lakh fully paid-up equity shares after converting the warrants issued earlier on a preferential basis. With this, the company’s total paid-up capital has increased to 14.05 crore shares with a face value of ₹1 each.
