Borosil Renewables reported a standalone net profit of ₹8,770.55 lakh for the quarter ended June 30, 2026, reversing the net loss of ₹27,234.57 lakh recorded in the corresponding period of the previous year. Revenue from operations increased to ₹40,569.07 lakh from ₹33,226.04 lakh in Q1FY25, driven by domestic sales. The company’s board approved the unaudited financial results for the quarter on July 16, 2026.

The profit turnaround was supported by a significant reduction in exceptional items, which were nil in the current quarter compared to ₹32,590.81 lakh in the prior year, primarily due to provisions for impairment in German subsidiaries. Total expenses for the quarter stood at ₹30,133.23 lakh, slightly higher than ₹27,122.68 lakh in the same period last year. Finance costs decreased to ₹232.42 lakh from ₹419.60 lakh.

On a consolidated basis, the company reported a net profit of ₹8,664.04 lakh for Q1FY26, compared to a net loss of ₹20,348.68 lakh in Q1FY25. Consolidated revenue from operations was ₹40,569.07 lakh, up from ₹34,657.70 lakh in the previous year. The profit attributable to owners of the company was ₹8,684.38 lakh.

During the quarter, the company received ₹374.99 lakh from warrant holders upon the exercise of rights, leading to the allotment of 94,338 fully paid-up equity shares. Proceeds from preferential issues were utilized to satisfy liabilities related to a Standby Letter of Credit for a step-down subsidiary and for capital expenditure.

The following table summarizes the standalone financial performance for the quarter:

*Earnings per share are not annualised.

Borosil Renewables Limited has accepted the cessation of Mr. Dilip Acharya as Senior Management Personnel effective July 13, 2026, due to a change in the internal reporting structure. Acharya, who served as General Manager – Human Resources, will continue his employment with the company despite stepping down from the senior management role. The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Change Details

The transition involves a restructuring of internal reporting protocols rather than a departure from the organization. The company confirmed that while Acharya is no longer part of the senior management cadre, his association with Borosil Renewables remains active in a different capacity.

Regulatory Compliance

The filing was submitted to BSE Limited and the National Stock Exchange of India Ltd. to ensure compliance with regulatory disclosure norms regarding changes in key managerial personnel. The notification was signed by Kishor Harish Talreja, Company Secretary & Compliance Officer.