Borosil Renewables Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 07, 2024 at 06:55 am EST
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Borosil Renewables Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 3,300.1 million compared to INR 2,457.47 million a year ago. Revenue was INR 3,338.45 million compared to INR 2,554.91 million a year ago. Net loss was INR 155.56 million compared to net income of INR 52.38 million a year ago. Basic loss per share from continuing operations was INR 1.19 compared to basic earnings per share from continuing operations of INR 0.4 a year ago. Diluted loss per share from continuing operations was INR 1.19 compared to diluted earnings per share from continuing operations of INR 0.4 a year ago.
For the nine months, sales was INR 10,861.69 million compared to INR 5,849.83 million a year ago. Revenue was INR 11,026.25 million compared to INR 5,999.82 million a year ago. Net income was INR 11.77 million compared to INR 595.34 million a year ago. Basic earnings per share from continuing operations was INR 0.09 compared to INR 4.56 a year ago. Diluted earnings per share from continuing operations was INR 0.09 compared to INR 4.56 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.