Borosil Renewables Ltd. (NSE: BORORENEW): Q3 FY23 Results Out; Total Income fell 2% YoY

Borosil Renewables Ltd.(NSE: BORORENEW) is a leading manufacturer of solar glass used in photovoltaic modules. The company offers a range of tempered and coated glass products, including high-transmittance, low-iron solar glass, patterned glass, and anti-reflective coated glass. Borosil Renewables is known for its high-quality products and commitment to sustainability, making it a key player in the global solar energy market.

In the period ended December 31, 2022, the company reported a total income of Rs. 170.9 crore, a slight decrease from the total income of Rs. 171.3 crore reported in the period ended September 30, 2022. However, the total income for the nine months period ended December 31, 2022, increased to Rs. 515.4 crore, compared to the total income of Rs. 482.3 crore reported for the nine months period ended December 31, 2021. This shows an upward trend in the company’s revenue over the years.

Regarding the company’s profitability, it reported a net profit of Rs. 22.4 crores for the period ended December 31, 2022, a decrease from the net profit of Rs. 24.2 crores reported in the period ended September 30, 2022. However, the net profit for the nine months period ended December 31, 2022, was Rs. 76.8 crores, a decline from the net profit of Rs. 119.4 crores reported for the same period in the previous year.

The company’s earnings per share (EPS) for the period ended December 31, 2022, was Rs. 1.72, a decrease from the EPS of Rs. 1.86 reported for the period ended September 30, 2022. The EPS for the nine months period ended December 31, 2022, was Rs. 5.89, compared to the EPS of Rs. 9.18 reported for the nine months period ended December 31, 2021.

In summary, Borosil Renewables Ltd’s total income shows an upward trend over the years, with a slight decrease in the period ended December 31, 2022. The company’s profitability declined in the period ended December 31, 2022, compared to the previous year, while the EPS also showed a decline. These financial indicators suggest that the company needs to focus on strategies to boost its profitability in the coming years.