Borosil

It had posted Rs 30.47 crore profit for the quarter ended September 2023

Borosil, which operates in glassware, laboratory equipment and solar glasses, is expecting to double its revenue to Rs 7,000 crore in the next four years, led by double-digit growth from across its business verticals, its Executive Vice Chairman Shreevar Kheruka has said. The Kheruka-family promoted Borosil Group, which operates with three listed entities under its fold -- Borosil Ltd, Borosil Renewables Ltd, and Borosil Technologies Ltd -- expects to reach a revenue close to Rs 3,500 crore in FY25. It plans to invest Rs 250 crore for expansion and capacity augmentation to meet the demand, in which it intends to invest about Rs 150 crore on a new plant in Gujarat for Borosil Ltd, which is in the business of products such as glassware and cookware, said Kheruka. Besides, at its Jaipur unit, where Borosil has already invested Rs 450 crore to expand the production capacity, it has plans to invest Rs 100 crore for debottlenecking to improve efficiency and increase capacity ...

Borosil Renewables' consolidated net loss widened to Rs 14.23 crore in the June quarter of the current fiscal. The company had reported a net loss of Rs 11.53 crore for the June quarter of FY24, as per a filing with the BSE." Total expenses rose to Rs 389.64 crore in the quarter under review from Rs 369.46 crore in the same period a year ago. Total income also increased to Rs 374.32 crore in the quarter from Rs 362.46 crore a year ago.

Borosil's shares surged up to 6.6 per cent at Rs 367.50 per share on the BSE in Tuesday's early morning trade. The share price of the company is presently trading near its 52-week high of Rs 420

Stocks to watch on June 25: Swan Energy is set to acquire a 49 per cent equity stake in Triumph Offshore Private Ltd (TOPL) from Indian Farmers Fertiliser Cooperative Ltd (IFFCO) for Rs 440 crore

Borosil Renewable and EaseMyTrip can potentially rally up to 18% from present levels, while Adani Green and Epigral may consolidate, suggests technical charts.

Chart suggests that shares related to green and renewable energy may display mixed trend in early 2024, given the sharp rally seen in the last two months.

Borosil Renewables on Monday posted a 25 per cent rise in its consolidated net profit to Rs 30.47 crore during September 2023 quarter, pushed by higher income. It had clocked a net profit of Rs 24.19 crore during the July-September period of preceding 2022-23 fiscal, the company said in a BSE filing. The company's total income surged to Rs 406.31 crore from Rs 171.37 crore in the year-ago quarter. Its expenses were at Rs 409.74 crore, higher from Rs 138.55 crore in same period of last financial year. Borosil Renewables Ltd is the only solar glass manufacturer in India.

Asian Games 2022: India's largest-ever contingent comprising 634 athletes will represent the country at the event that will take place from September 23 to October 8 in Hangzhou, China

India's first solar glass manufacturer Borosil Renewables Ltd has acquired 86 per cent stake in Europe's largest solar glass manufacturer Interfloat Group for an undisclosed sum of money. "With its acquisition of the Interfloat Group, BRL's solar glass manufacturing capacity will grow to 750 tonnes per day from the current 450 TPD, an increase of 66 per cent," the company said in a statement. This capacity of the combined entity will further increase to 1,300 TPD by year end with the commissioning of a new furnace with a capacity of 550 TPD in India. "This acquisition will make a wider range of solar glass available to BRL's expanded customer base in Europe. Borosil leverages its highly efficient production technology to bring greater productivity and a lower carbon footprint to the European entity," it said. Interfloat Group consists of two companies -- GMB Glasmanufaktur Brandenburg GmbH (GMB), based in Tschernitz, Germany, and Interfloat Corporation, based in Liechtenstein. GMB

Stocks to watch today: Bharti Airtel and Adani Ports will report their June quarter results (Q1FY23); Titan saw 13-fold jump in net profit to Rs 790 crore in Q1FY23.

Borosil Renewables' March 2022 quarter net profit fell to Rs 46.38 crore against Rs 66.87 crore in the year-ago period, mainly due to lower revenues.

The company will mull fund raise, which may include issuance of equity shares or any other securities of the company, through preferential issue on a private placement basis.

Borosil Ltd on Monday reported 15.23 per cent rise in consolidated net profit at Rs 25.26 crore for the third quarter ended December 2021

Mahindra Holidays & Resorts, Lux Industries, Dish TV India and Borosil rallied more than 10 per cent on the BSE in intra-day trade

SORIL Infra, Paisalo Digital, Fineotex Chemical, Rupa & Co, Borosil Renewables, Nava Bharat Ventures and Hindustan Foods rallied up to 20% on the BSE in intra-day trade

The company's shares were locked in 10 per cent upper circuit limit on the BSE

The company said the funds raised through QIP last week will help to undertake planned expansion

The funds raised are planned to be utilized to service its capital expenditure requirements for a brownfield expansion to more than double its solar glass production capacity to 950 tons per day

The Borosil Group, which runs the flagship kitchen and dining ware business under the brand names of Borosil and Larah, is amalgamating its two listed group companies and three promoter-held companies. Following the merger, for which it has received the necessary statutory approvals, the promoters' holding in Gujarat Borosil will come down to 70.5 per cent from 74.95 per cent now, the group said in a statement on Wednesday. Amalgamation envisages merger of Gujarat Borosil, Vyline Glass Works and Fennel Investment & Finance into Borosil Glass Works and also demerger of consumer and scientific businesses of Borosil Glass Works into Borosil, the group said. The merger is to simplify group structure by eliminating cross holdings and will give Borosil Glass Works shareholders direct proportional shareholding in the Gujarat Borosil business to reduce related party transactions to create more administrative efficiencies. Under the merger, two shares of Gujarat Borosil will fetch one ...