Borosil Renewables Limited Reports Earnings Results for the Full Year Ended March 31, 2022
May 05, 2022 at 04:46 am EDT
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Borosil Renewables Limited reported earnings results for the full year ended March 31, 2022. For the full year, the company reported sales was INR 6,442.22 million compared to INR 5,022.72 million a year ago. Revenue was INR 6,647.33 million compared to INR 5,076.36 million a year ago. Net income was INR 1,658.48 million compared to INR 896.45 million a year ago. Basic earnings per share from continuing operations was INR 12.74 compared to INR 7.56 a year ago. Diluted earnings per share from continuing operations was INR 12.74 compared to INR 7.56 a year ago.
Borosil Renewables Limited is an India-based company, which is engaged in manufacturing of low iron textured solar glass for application in photovoltaic panels, flat plate collectors and green houses. Its products, such as Selene, is an anti-glare solar glass suitable for PV installations near airports and Shakti, is a solar glass in matt-matt finish, low iron textured solar glass, 2 mm fully tempered solar glass, Nosbera, antimony-free solar glass, solar glass with anti-reflective coating, and solar glass with anti-soiling coating. It also manufactures specialty glasses. The Company, through its brand BOROSIL, manufactures a range of lab ware, scientific ware, and consumer ware products. Its present solar glass manufacturing capacity is 450 tons per day (TPD). The Company's subsidiaries include Geosphere Glassworks GmbH, Laxman AG, GMB Glasmanufaktur Brandenburg GmbH, and Interfloat Corporation.