Borosil Announces Plans to Raise Up to ₹250 Crore in Funds
Borosil, a leading glassware and scientific products manufacturer, has announced its intention to raise funds up to ₹250 crore (2.50 billion rupees). The company has not disclosed specific details about the purpose, method, or timeline of the fundraising initiative. Potential uses for the capital could include expansion of manufacturing capabilities, R&D investment, debt restructuring, acquisitions, or working capital requirements. The announcement has sparked interest among investors and market analysts, who await further details on the company's strategic direction and long-term goals.
Borosil Ltd's Q4 results show significant growth with net profit up 120% to ₹11.00 crore and revenue increasing 15.8% to ₹270.20 crore. EBITDA rose 95% to ₹37.20 crore, with margin improving to 13.75%. The board approved a 600 tonnes per day capacity expansion with a ₹950.00 crore investment.
02Apr 25
Borosil Expands Manufacturing Footprint with New Rajasthan Facility
Borosil Limited plans to set up a new manufacturing facility in Rajasthan through its subsidiary Stylenest India Limited. The unit will produce vacuum insulated stainless-steel products with an estimated capex of Rs. 40 crore and an annual production capacity of 2.40 million units. Expected to start commercial production by December 2025, this move aims to address BIS certification challenges, improve supply chain resilience, and align with the 'Make in India' initiative. The company also appointed Mr. Suresh Savaliya as the new Company Secretary and Compliance Officer.
Borosil Ltd achieved 17.1% YoY revenue growth for 9 months FY25, reaching ₹837.6 crores. Opalware segment grew 9%, glassware 22.9%, and non-glassware 17.8%. Q3 saw 11.3% revenue growth but 6.4% drop in net profit due to rising costs. EBITDA for 9 months FY25 increased 17.4% YoY to ₹140.2 crores with 17% margin. Challenges include new pharmaceutical marketing practices, e-commerce shift, and channel mix changes. Company focuses on product innovation, capacity expansion, and market growth strategies.