Borosil Renewables Limited · NSE:BORORENEW
Borosil Renewables — Q1 FY27 Earnings Presentation
30 slides from Borosil Renewables's earnings presentation, Jul 17, 2026
Slide 1: Investor Presentation filing letter to stock exchanges
July 17, 2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip code: 502219 Symbol: BORORENEW Dear Sirs, Subject: Investor Presentation Pursuant to Reg
Slide 2: Turning Sunlight into progress – Investor Presentation Q1 FY27
Turning Sunlight into progress INVESTOR PRESENTATION Q1 FY27 1
Slide 3: Safe Harbour
Safe Harbour This investor presentation has been prepared by Borosil Renewables Limited (“Company”) on a strictly confidential basis. Certain statements in this presentation may be ‘forward-looking statements’ within the meaning of applicable laws and regulations. These statements reflect our intent
Slide 4: Contents
Contents 1. Our Vision/Purpose & Our Group 2. Financials 3. Company & Industry updates 4. Increasing Share of Solar in Rising Renewables 5. Growth Drivers 6. Indian Solar PV-Surge in Manufacturing 7. Our Capacity & Growth 8. Our Worldwide Presence 9. Our USP, Innovations, Constant Evolution and Prod
Slide 5: Our Vision Purpose
Our Vision Purpose “To be the most Customer “Pioneering a sustainable future Centric Company” with reliability and quality” 4
Slide 6: Our Group
Our Group More than 60 Years of Excellence Borosil Group Borosil Renewables Limited Borosil Limited Borosil Scientific Limited One of the leading players in Laboratory INDIA’s first and largest solar glass One of the Market leaders in consumer Consumables, Laboratory Equipment, manufacturer with a c
Slide 7: Standalone Q1 FY27 P&L
Standalone Q1 FY27 P&L Standalone Profit & Loss Snapshot YoY QoQ Particulars (₹ Crs) Q1FY27 Q4FY26 Q1FY26 FY26 Change% Change% Revenue 405.69 437.62 332.26 22.1% -7.3% 1,534.83 EBITDA 142.00 144.61 92.53 53.5% -1.8% 491.68 EBITDA % 35.0% 33.0% 27.8% +720 bps +200 bps 32.0% Interest 2.32 3.36 4.20 14
Slide 8: Key highlights of Standalone Quarterly results
Standalone Q1 FY27 P&L Key highlights of Standalone Quarterly results ❖ Sales – Rs. 405.69 cr versus Rs. 332.26 cr in corresponding quarter last year, a jump of 53%. Q4FY26 sales included sales of Rs. 32.07 cr. goods dispatched in previous quarter/s but delivered to customers in Q4FY26. ❖ EBITDA (35
Slide 9: Consolidated Q1 FY27 P&L
Consolidated Q1 FY27 P&L Consolidated Profit & Loss Snapshot YoY QoQ Particulars (₹ Crs) Q1FY27 Q4FY26 Q1FY26 FY26 Change % Change % Revenue 405.69 439.92 346.58 17.1% -7.8% 1,555.84 EBITDA 141.16 145.32 69.28 103.7% -2.9% 465.96 EBITDA % 34.8% 33.0% 20.0% +1480 bps +180 bps 29.9% Interest 2.32 3.36
Slide 10: Update on Expansion plan
Update on Expansion plan ❖ Two new furnaces (SG-4 & SG-5), each of 300 TPD, totaling 600 TPD being set up at the existing location ❖ Estimated Investment: ₹950 crore ❖ Commissioning Target: Dec 2026. Work as per schedule. : Civil work in progress : Order placement of key items done ❖ Mode of financi
Slide 11: New Division – Rooftop Solar
New Division – Rooftop Solar Product Portfolio Complete Range Entered the rooftop solar solutions business by offering high-quality Borosil branded solar panels, along with Solar Panels > 600W capacity inverters and lithium batteries, to discerning customers. Aims to provide end-to-end solutions to
Slide 12: Fresh infusion of Rs. 889.15 cr to strengthen the Capital Structure for Growth
Fresh infusion of Rs. 889.15 cr to strengthen the Capital Structure for Growth 1. Preferential Issue - Feb-25 2. Preferential Issue (equity) -Oct-25 Promoters (equity) : Rs. 100.00 Cr. Non-Promoters (warrants) : Rs. 417.66 Cr Total : Rs. 517.66 Cr. Received : Rs. 371.49 Promoters: : Rs. 100.00 Cr Cr
Slide 13: Increasing Share of Solar in Rising Renewables
Increasing Share of Solar in Rising Renewables ➢ Out of total installed power generation capacity of ~542 GW as of May 2026 in India, the share of renewables has reached 43% (~231 GW). The share of solar (157 GW) has further increased to Total Installed Power Generation Capacity about 68% of the ren
Slide 14: Growth Drivers
Growth Drivers National Solar Mission PLI Scheme National Tariff Policy Targets of 280 GW installed solar Total Production Linked Incentive (PLI) granted Enforcing the Renewable Purchase Obligation targets capacity to be achieved by 2030. Now in two tranches is about Rs. 18,500 Cr. This to promote c
Slide 15: Indian Solar PV - Surge in Manufacturing
Indian Solar PV - Surge in Manufacturing ❑ Solar manufacturing has seen a strong growth on the back of Government support: • The module manufacturing capacity has reached 203 GW compared to 11 GW 5 years back on the support by way of PLI, BCD and ALMM-I. • Solar cell manufacturing supported and ALMM
Slide 16: Our Capacity Planning
Our Capacity Planning Combined Installed Capacity CY18 CY 20 CY 22 CY 23 & 24 CY 25 Est CY 26 (TPD)-Projected 180 TPD 450 TPD 750 TPD 1350 TPD -350 TPD 1600TPD Combined Solar Glass Rebuilt 1st Acquired Addition of 3rd GMB Board approved Capacity Planned 1600 TPD furnace with Interfloat Group furnace
Slide 17: Our Growth
Our Growth BRL’s journey has been marked with innovation and firsts in the industry… Introduced Produced the National award 3rd furnace DSIR, Govt Of anti-reflective world's first 2021 with 550 TPD India coating for fully tempered for successful capacity: recognition for solar glass, a textured sola
Slide 18: Our Worldwide Presence
Our Worldwide Presence Europe • A global presence with products matching international • Netherlands • Bulgaria • Germany • Turkey standards and quality requirements. • France • Jordan • Portugal • Greece • The largest manufacturer of solar glass in India, offering N.America • Italy • Croatia Asia l
Slide 19: Our USP
Our USP Higher Transmission ENGINEERED FOR LONG TERM DURABILITY • Low sodium. Low PID (Potential Induced Degradation) • High chemical durability: superior glass performance • Very High hydrolytic resistance ENHANCED MECHANICAL STRENGTH • Withstood > 180 Mpa, (Standard 90 Mpa as per EN 12150-1) • 2 x
Slide 20: Our Innovations
Our Innovations INNOVATIONS: NEW PRODUCTS UPGRADING EXISTING PRODUCT LINES • First solar glass manufacturer to • Flagship product with low PID, high have successfully produced mechanical strength, and chemical without using Antimony (a harmful durability chemical) in its textured solar glass • Have
Slide 21: Constant Evolution
Constant Evolution Products designed to align with changing demands and emerging needs Solar PV market has moved towards use of bifacial modules and glass-glass modules which has accelerated the use of 2mm solar glass to optimize module weight/raise output. Some shift to glass thinner than 2 mm is f
Slide 22: Product Portfolio
Product Portfolio MARKET SEGMENTS ADDITION OF VALUE ADDED PRODUCTS • High-Performance Solar Glass for • Utility-scale ground solar PV • Grid Printed Back Glass for Bifacial • High-Performance Green House Modules • Solar Rooftop • Shakti / Clear : High Efficiency Matt – • Bifacial, Glass-glass, BIPV
Slide 23: Eco-Conscious Innovators
Eco-Conscious Innovators • Efficient and cost-effective, low energy intensive process • A Life Cycle Assessment carried out by a reputed European institute indicated that the company maintained a 22% lower carbon footprint in comparison with the default value for glass manufacturing. • Use of low-co
Slide 24: ESG Journey
ESG Journey ESG is outcome-driven and not just good intentions. Environment Social Governance • Employee health • Emissions and safety • Risk management • Water Investors • Community system • Energy relations • Code of conduct • Climate change • Labour practices • Emissions • Health and • Water safe
Slide 25: ESG Journey
ESG Journey Our strategic ESG priorities Our Actions • Aim to achieve Carbon neutral operations • ESG target disclosures and dedicated dashboard to track emissions. • Explore waste management Greener planet • Increase the ratio of sales in reusable packaging opportunities material and explore furthe
Slide 26: Awards & Accolades
Awards & Accolades 2025 2024 2024 2023 Great Place to Work Certified DET HURUN Award National Award for Best Industrial Mr. P. K. Kheruka received from the Outstanding Relations in the Medium prestigious EY entrepreneur of the Great Place to Work Trust Index Contribution to Enterprise category from
Slide 27: Shareholding Pattern
Shareholding Pattern Borosil Renewables Limited Stock Price NSE (₹) Public & 750.00 Others, 700.00 650.00 32.47 600.00 550.00 500.00 450.00 400.00 350.00 05-Apr-25 05-Aug-25 05-Apr-26 05-Feb-25 05-Sep-25 05-Feb-26 05-May-25 05-May-26 05-Dec-24 05-Dec-25 05-Oct-25 05-Jun-26 05-Jun-25 05-Jan-25 05-Jan
Slide 28: Board Of Directors
Board Of Directors A seasoned legal professional Also the Managing with over 3 decades of Director and CEO of experience.. He is the Managing Industrialist having Rich Partner of Shardul Amarchand experience in the Glass Industry Borosil Limited with more than 17 years Corporate Mangaldas & Co. and
Slide 29: Key Abbreviations
Key Abbreviations GWh : Gigawatt-hour PA : Per Annum ADD : Anti-dumping Duty INR : Indian Rupee PAT : Profit after tax ARC : Anti-Reflective Coating IP : Intellectual Property PBT : Profit before tax AS : Anti-soiling IPO : Initial Public Offering PID : Potential Induced Degradation BCD : Basic Cust
Slide 30: Thank You
Thank You Dhaval Patel Head – Investor Relations Dhaval.patel@borosil.com Registered/Corporate Office 1101, Crescenzo, G-Block, Opp. MCA Club, Bandra Kurla Complex, Bandra (East), Mumbai-400 051 29