Borosil Renewables Limited has announced its Q3FY26 financial results, demonstrating a strong operational turnaround with significant revenue growth and return to profitability. The company's Board of Directors approved the unaudited financial results for the quarter and nine months ended December 31, 2025, at their meeting held on January 28, 2026.

Strong Quarterly Performance Shows Recovery

The company delivered impressive standalone financial performance in Q3FY26, marking a substantial improvement across key metrics. Revenue from operations reached Rs. 38,650.48 lakhs, while the company achieved a net profit of Rs. 7,825.96 lakhs, representing a remarkable turnaround from the previous year.

Nine-Month Performance Impacted by Exceptional Items

For the nine months ended December 31, 2025, the company reported revenue from operations of Rs. 1,09,720.81 lakhs compared to Rs. 78,270.81 lakhs in the corresponding previous period. However, the nine-month performance was significantly impacted by exceptional items totaling Rs. 35,977.85 lakhs, resulting in a net loss of Rs. 14,826.83 lakhs.

Subsidiary Challenges Drive Exceptional Provisions

The exceptional items primarily relate to provisions for the company's German subsidiaries and step-down subsidiaries. GMB Glasmanufaktur Brandenburg GmbH filed for insolvency proceedings in July 2025 due to absence of demand recovery and significant funding requirements. The company provided Rs. 32,590.81 lakhs for its total exposure to GMB and Geosphere Glassworks GmbH.

Additionally, Interfloat Corporation faced operational challenges following cessation of annealed production at GMB, leading to a provision of Rs. 3,387.04 lakhs during Q2FY26. The company assessed that fierce competition from East Asia and reduced sales made operations unviable in the near term.

Successful Capital Raising Initiatives

Borosil Renewables successfully completed two preferential issues during the period, significantly strengthening its financial position:

February 2025 Preferential Issue:

• Allotted 18,86,793 equity shares to promoters at Rs. 530 per share
• Issued 78,80,436 warrants to non-promoter investors
• Total funds raised: Rs. 23,514.23 lakhs

October 2025 Preferential Issue:

• Allotted 69,43,691 equity shares to non-promoter investors at Rs. 535 per share
• Total funds raised: Rs. 37,148.75 lakhs

Fund Utilization and Strategic Investments

The company utilized the raised funds strategically across multiple priorities:

The remaining funds from the October 2025 issue have been temporarily invested in mutual funds pending actual utilization.

Operational Highlights and Market Position

The company's domestic revenue performance remained strong, with revenue within India reaching Rs. 36,576.37 lakhs in Q3FY26 compared to Rs. 25,927.63 lakhs in Q3FY25. Export revenue was Rs. 2,074.11 lakhs for the quarter. The company continues to focus on its core business of flat glass manufacturing, which represents a single segment under Indian Accounting Standards.

Borosil Renewables' operational recovery demonstrates the resilience of its domestic business despite challenges in international subsidiaries, positioning the company for continued growth in the Indian solar glass market.

Borosil Renewables Limited has announced a conference call with analysts and investors to discuss its financial performance for the quarter ended December 31, 2025. The company notified BSE and NSE on January 21, 2026 about this scheduled investor engagement activity under Regulation 30 of SEBI listing regulations.

Conference Call Schedule

The earnings discussion is planned for January 29, 2026 at 4:00 PM IST, following the announcement of Q3FY26 financial results on January 28, 2026. The call will begin with a management discussion on earnings performance, followed by an interactive question and answer session with participants.

Management Participation

The conference call will feature senior management representatives who will provide insights into the company's quarterly performance and address investor queries.

Key Management Personnel:

• Mr. P.K. Kheruka - Executive Chairman
• Mr. Ashok Jain - Non Executive Director
• Mr. Sunil Roongta - Whole Time Director & Chief Financial Officer
• Mr. Dhaval Patel - AVP Investor Relations

Access Information

The company has provided multiple dial-in options to accommodate participants across different time zones and regions.

Regulatory Compliance

The notification was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation has been made available on the company's website at www.borosilrenewables.com for broader stakeholder access.

The conference call represents part of Borosil Renewables' regular investor engagement activities, providing transparency and direct communication channels between management and the investment community. Participants can pre-register to avoid wait times during the scheduled call.