{"id":133436,"date":"2022-08-24T09:00:01","date_gmt":"2022-08-24T13:00:01","guid":{"rendered":"https:\/\/44.250.171.167\/?p=133436"},"modified":"2022-10-06T04:45:30","modified_gmt":"2022-10-06T08:45:30","slug":"borosil-renewables-ltd-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/borosil-renewables-ltd-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Borosil Renewables Ltd Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Borosil Renewables Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/BORORENEW\/\">BORORENEW<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Rahul Dani of Monarch Networth asked that in opalware if there is a possibility for outsourced manufacturing. Pradeep Kheruka, Chairman replied that there is a possibility and the company is evaluating it and expects to bridge 2Q23 with some outsourced stock.<\/li>\n<\/ul>\n<ul>\n<li>Rahul Dani of Monarch Networth enquired about any pricing actions taken due to commodity pricing. Pradeep Kheruka, Chairman said that pricing across metals has reduced. On non-glass products, cost is lower. On own production, challenge is power, fuel and gas. In 1Q23, Borosil said it took some price increases and don\u2019t see any further price increases in the short term.<\/li>\n<\/ul>\n<ul>\n<li>Manav Vijay of Deep Financial asked about the total capex. Anand Sultania CFO replied that the total capex was more than INR500 crores. Also, inflation and other costs have increased it by INR60 crore. There is also an IT initiative taken that will contribute about INR25 crore of capex.<\/li>\n<\/ul>\n<ul>\n<li>Aditi Bhattar asked about competition in the scientific division from plastic instruments, if that\u2019s a threat to replace company\u2019s glass products. Pradeep Kheruka Chairman clarified that there is no switch from glass to plastic. The things that can be done in glass can only be done in glass due to some properties in pharma industry.<\/li>\n<\/ul>\n<ul>\n<li>Aditi Bhattar also asked about opalware segment and if melamine will again take over the market as its prices are coming in line with opalware. Pradeep Kheruka Chairman answered that the company is not seeing melamine as competition. Melamine is not the right material to use as like plastic.<\/li>\n<\/ul>\n<ul>\n<li>Aditi Bhattar enquired about the opalware margin as it\u2019s low vs. competitors. Pradeep Kheruka Chairman answered that the only difference between Borosil margin and competitor\u2019s margins would be the ad and sales promotion incentive, which Borosil spends 8%, while competitors don\u2019t need to spend that much as they are established.<\/li>\n<\/ul>\n<ul>\n<li>Amit Agarwal of Burman Capital enquired if the company would have inventory to address the 2Q23 demand that\u2019s seasonally high. Pradeep Kheruka Chairman clarified that the company is very low on inventory. The company is looking to buy some inventory and sell it.<\/li>\n<\/ul>\n<ul>\n<li>Amit Agarwal of Burman Capital asked about the long term margin outlook in scientific. Pradeep Kheruka Chairman answered that long term potentially EBITDA margin expectation is north of 25% which should be achievable.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Borosil Renewables Ltd (BORORENEW) Q1 FY23 Earnings Concall Q&amp;A Highlights: Rahul Dani of Monarch Networth asked that in opalware if there is a possibility for outsourced manufacturing. Pradeep Kheruka, Chairman replied that there is a possibility and the company is evaluating it and expects to bridge 2Q23 with some outsourced stock. Rahul [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Borosil Renewables Ltd Q1 FY23 Earnings Conference Call Insights #BORORENEW #Q1 #FY23 #Earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[2132],"class_list":["post-133436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-manufacturing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":135969,"url":"https:\/\/alphastreet.com\/india\/borosil-ltd-bororenew-q1-fy23-earnings-concall-transcript\/","url_meta":{"origin":133436,"position":0},"title":"Borosil Ltd (BORORENEW) Q1 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"August 9, 2022","format":false,"excerpt":"Borosil Ltd (NSE:BORORENEW) Q1 FY23 Earnings Concall dated Aug. 09, 2022 Corporate Participants: Shreevar Kheruka -- Managing Director and Chief Executive Officer Rajesh Chaudhary -- Whole-Time Director Anand Sultania -- Chief Financial Officer Analysts: Rahul Dani -- Monarch Network Capital Limited -- Analyst Manav Vijay -- Deep Financial Consultant Private\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":141899,"url":"https:\/\/alphastreet.com\/india\/borosil-renewables-ltd-bororene-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":133436,"position":1},"title":"BOROSIL RENEWABLES LTD (BORORENE) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 15, 2023","format":false,"excerpt":"BOROSIL RENEWABLES LTD (NSE:BORORENE) Q3 FY23 Earnings Concall dated Feb. 14, 2023. Corporate Participants: P. K. Kheruka\u00a0--\u00a0Executive Chairman Ashok Jain\u00a0--\u00a0Whole-time Director Analysts: Jiten Rushi\u00a0--\u00a0Axis Capital Limited -- Analyst Mohit Kumar\u00a0--\u00a0DAM Capital Advisors Ltd -- Analyst Unidentified Participant\u00a0--\u00a0-- Analyst Anuj Upadhyay\u00a0--\u00a0HDFC Securities -- Analyst Presentation: Operator Ladies and gentlemen, good day\u2026","rel":"","context":"In &quot;Consumer&quot;","block_context":{"text":"Consumer","link":"https:\/\/alphastreet.com\/india\/category\/consumer-stocks\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140803,"url":"https:\/\/alphastreet.com\/india\/borosil-ltd-bororenew-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":133436,"position":2},"title":"Borosil Ltd (BORORENEW) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 10, 2023","format":false,"excerpt":"Borosil Ltd (NSE:BORORENEW) Q3 FY23 Earnings Concall dated Feb. 08, 2023. Corporate Participants: Shreevar Kheruka\u00a0--\u00a0Vice Chairman, Managing Director and Chief Executive Officer Analysts: Rahul Dani\u00a0--\u00a0Mona Capital -- Analyst Pratik Dharmshi\u00a0--\u00a0Safe Enterprises -- Analyst Rahul Picha\u00a0--\u00a0Multi-Act -- Analyst Manav Vijay\u00a0--\u00a0The Financial Consultants -- Analyst Gugadi\u00a0--\u00a0Ashmore Group -- Analyst Aditi Bittar\u00a0--\u00a0Mivisa --\u2026","rel":"","context":"In &quot;Consumer&quot;","block_context":{"text":"Consumer","link":"https:\/\/alphastreet.com\/india\/category\/consumer-stocks\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":170927,"url":"https:\/\/alphastreet.com\/india\/borosil-renewables-q1-fy26-earnings-results\/","url_meta":{"origin":133436,"position":3},"title":"Borosil Renewables Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"September 4, 2025","format":false,"excerpt":"Borosil Renewables Limited is India\u2019s only manufacturer of extra clear patterned glass and low-iron solar glass, which are critical components for photovoltaic panels, flat plate collectors, and greenhouses. The company plays a vital role in India\u2019s renewable energy ecosystem by supplying high-quality solar glass to module manufacturers, thereby contributing to\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"BORORENEW Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BRENEW.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BRENEW.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BRENEW.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BRENEW.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BRENEW.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BRENEW.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":147575,"url":"https:\/\/alphastreet.com\/india\/borosil-renewables-ltd-bororene-q4-fy23-earnings-concall-transcript\/","url_meta":{"origin":133436,"position":4},"title":"BOROSIL RENEWABLES LTD (BORORENE) Q4 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 25, 2023","format":false,"excerpt":"BOROSIL RENEWABLES LTD (NSE : BORORENE) Q4 FY23 Earnings Concall dated May. 25, 2023. Corporate Participants: P. K. Kheruka -- Executive Chairman Sunil Roongta -- Chief Financial Officer Analysts: Jiten Rushi -- Axis Capital Limited -- Analyst Keval Ashar -- DSP Investments -- Analyst Ranganath N -- Individual Investor --\u2026","rel":"","context":"In &quot;Consumer&quot;","block_context":{"text":"Consumer","link":"https:\/\/alphastreet.com\/india\/category\/consumer-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/133436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=133436"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/133436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=133436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=133436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=133436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}