BORORENEW Q2 Results: Revenue declined by 8.00% year-over-year (YoY) to Rs. 372 crore, while net profit declined by 143.00% YoY, resulting in a net loss of Rs. 13 crore
Borosil Renewables is engaged in manufacturing extra clear patterned glass and Low Iron Solar Glass for application in Photovoltaic panels, Flat plate collectors and Greenhouses.
Revenue
Revenue for the current quarter (Sep 2024) is Rs. 372 crore which is Rs. 371 crore little more than the revenue in the previous quarter (Jun 2024). However, it is lower than the revenue for the same quarter last year (Sep 2023) which was Rs. 402 crore.
Net Profit
The net loss for the current quarter (Sep 2024) is Rs. 13 crore, which is Rs. 14 crore less than the net loss in the previous quarter (Jun 2024). However, compared to the same quarter last year (Sep 2023), when there was a net profit of Rs. 30 crore, it is significantly lower
Other Income
Other income for the current quarter (Sep 2024) is Rs. 6 crore, which is Rs. 4 crore more than the other income for the previous quarter (Jun 2024). However, compared to the same quarter last year, it is lower than the other income of Rs. 37 crore for Sep 2023.