Borosil Shares Surge Over 11% in Three-Day Rally Amid Strong Q1 Results
Borosil Ltd.'s stock has gained over 11% in three consecutive trading sessions, driven by strong Q1 FY2024 results and a key management appointment. The company reported an 87% year-on-year increase in consolidated net profit to Rs 17.41 crore, with EBITDA rising 12% to Rs 37.32 crore. Operating margins improved to 16.00% from 15.10%. Borosil also appointed Kailash Motwani as Head of Operations for Pune & GSGWL, bringing 31 years of manufacturing leadership experience. All four analysts tracking the company maintain 'buy' ratings.

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Borosil Ltd. has been on a winning streak, with its shares gaining momentum for the third consecutive session. The company's stock price has surged by over 11% in the past three trading sessions, reflecting investor optimism following strong quarterly results and a recent senior management appointment.
Stock Performance
The stock's impressive run began on Monday when it rose 4.67% to close at Rs 357.00. The upward trend continued on Tuesday with a nearly 7% jump, closing at Rs 375.95. In the most recent trading session, Borosil shares extended their gains, rising 6.64% intraday. The stock was trading 1.93% higher at Rs 380.80, with trading volume surging to 47 times its 30-day average.
Q1 Financial Highlights
Borosil's recent stock rally can be attributed to its robust financial performance in the latest quarter:
Metric | Q1 FY2024 | Q1 FY2023 | YoY Change |
---|---|---|---|
Consolidated Net Profit | Rs 17.41 crore | Rs 9.29 crore | 87% |
EBITDA | Rs 37.32 crore | Rs 33.32 crore | 12% |
Operating Margins | 16.00% | 15.10% | 90 bps |
The company's consolidated net profit witnessed a remarkable 87% year-on-year increase, rising to Rs 17.41 crore from Rs 9.29 crore in the same period last year. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also showed healthy growth, increasing by 12% year-on-year to Rs 37.32 crore. Additionally, Borosil's operating margins improved to 16.00% from 15.10% in the previous year.
Analyst Outlook
The market sentiment towards Borosil remains positive, with all four analysts tracking the company maintaining 'buy' ratings. The average 12-month price target implies a 2.10% upside potential from current levels.
Senior Management Appointment
In a recent development, Borosil Scientific Limited announced the appointment of Mr. Kailash Motwani as Head – Operations, Pune & GSGWL (Goel Scientific Glass Works Limited, Material Subsidiary). This strategic appointment is expected to strengthen the company's operational capabilities.
Mr. Motwani brings over 31 years of diverse leadership experience in manufacturing operations, having successfully led global and Indian organizations across laboratory instruments, specialty packaging, and engineering products. His expertise in greenfield projects, lean manufacturing, and strategic leadership is anticipated to drive operational excellence and support Borosil's growth trajectory.
The combination of strong financial performance and strategic management appointments appears to be bolstering investor confidence in Borosil Ltd., as reflected in the recent stock price rally.
Historical Stock Returns for BOROSCI
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.68% | -0.79% | -0.96% | +4.98% | -29.76% | -11.54% |