Borosil Renewables Q4 Results: Revenue Up, Losses Down

Borosil Renewables Q4 Results: Revenue Up, Losses Down

Indian solar glass manufacturer Borosil Renewables has announced its audited financial results for the quarter (Q4)and year ended March 31, 2025 (FY25). The latest results, submitted by the firm before the stock exchange, reported strong growth in revenues, both on a quarterly and annual basis, but continued to face widening losses amid rising input and operational costs.

33% Growth In Revenue On YoY

In the Q4FY25 (January–March 2025), Borosil Renewables posted a total income of ₹385.45 crore, representing a 33.8% year-on-year (YoY) increase compared to ₹287.84 crore in Q4 FY24. Quarterly, the company’s revenue grew by 2.4% from ₹376.55 crore in the preceding quarter (Q3 FY25), reflecting consistent demand for its solar glass products.

Despite the encouraging revenue growth, the company’s bottom line remained in negative territory. Borosil Renewables reported a net loss of ₹29.53 crore in Q4 FY25, a 44.6% improvement over the ₹53.32 crore loss in Q4 FY24. Losses also narrowed slightly from ₹30.07 crore in Q3 FY25, indicating a marginal improvement in operational efficiency, the financial results of the firm revealed.

Widening net loss 

For the full financial year FY25, Borosil Renewables recorded a total income of ₹1,514.58 crore, an increase of 9% over the ₹1,390.46 crore reported in FY24. The growth was driven by capacity expansions and sustained demand from the domestic solar manufacturing sector. On an annual basis, the company’s loss margins increased significantly. The firm had reported a total loss of Rs 50.27 crore in FY24, while in FY25, its losses surged to Rs 86.97 crore, marking a sharp rise of approximately 73%.

The rise in losses has been attributed to higher input costs, including energy and raw materials, as well as increased depreciation expenses related to new manufacturing facilities. Power and fuel expenses alone surged from ₹112.01 crore in FY24 to ₹142.95 crore in FY25, while depreciation and amortisation grew from ₹39.34 crore to ₹47.95 crore year-on-year.

The firm is now optimistic about better financial performance in FY26, keeping in mind the pro-domestic policies floated by the Indian government. After the imposition of anti-dumping duties against the imports of solar glass from China and Vietnam and the introduction of Customs Duty against the imports of solar glass, are likely to aid the firm to increase it domestic sales and widen its profit margins and revenue.