Borosil Renewables Q1 Results FY27: Company Swings to Rs 86 Crore Profit from a Loss as Revenue Grows 17%
- July 17, 2026
- Posted by: Ankit Jaiswal
- Category: News
Borosil Renewables Q1 FY27: PAT Rs 86 Cr, versus a loss of Rs 204 Cr a year ago. Revenue Rs 406 Cr, up 17%. Gross profit Rs 106 Cr, up 211%. Stock down 1.37% at Rs 612.00 on 16 July 2026.
Borosil Renewables Q1 results FY27 were announced on Thursday, 16 July 2026, with the solar glass manufacturer reporting a consolidated net profit of Rs 86 crore, a sharp turnaround from a loss of Rs 204 crore in the year ago quarter. Revenue in the Borosil Renewables Q1 results FY27 grew 17% year on year to Rs 406 crore from Rs 347 crore, while gross profit surged 211% to Rs 106 crore from Rs 34 crore.
Despite the dramatic turnaround, shares of Borosil Renewables fell 1.37% to close at Rs 612.00, a pullback that may reflect profit booking after the stock priced in an anticipated recovery ahead of results.
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Borosil Renewables Q1 Results FY27 Key Takeaways
Here are the most important numbers and takeaways from the Borosil Renewables Q1 results FY27 at a glance.
- Net Profit / (Loss): Rs 86 Cr in Q1 FY27 versus -Rs 204 Cr in Q1 FY26, turned positive, +142%.
- Revenue: Rs 406 Cr in Q1 FY27 versus Rs 347 Cr in Q1 FY26, up 17% year on year.
- Gross Profit: Rs 106 Cr in Q1 FY27 versus Rs 34 Cr in Q1 FY26, up 211% year on year.
- Results announced on Thursday, 16 July 2026 for the quarter ended 30 June 2026.
- Borosil Renewables share price fell 1.37% to close at Rs 612.00 on the NSE after the Borosil Renewables Q1 results FY27, a pullback despite the dramatic turnaround to profitability.
Borosil Renewables Q1 Results FY27 Financial Highlights
The June quarter marked a dramatic turnaround, with the company swinging from a large loss to solid profitability alongside a surge in gross profit, a combination central to the Borosil Renewables Q1 results FY27. The table below summarises the consolidated numbers against the year ago quarter.
| Metric | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Revenue | Rs 406 Cr | Rs 347 Cr | +17% |
| Gross Profit | Rs 106 Cr | Rs 34 Cr | +211% |
| Net Profit / (Loss) | Rs 86 Cr | -Rs 204 Cr | Turned positive, +142% |
Gross profit more than tripling to Rs 106 crore in the Borosil Renewables Q1 results FY27 while revenue grew a more modest 17% shows dramatic margin recovery, likely reflecting improved solar glass pricing and better capacity utilisation compared with the pressured conditions a year ago.
Borosil Renewables Q1 Results FY27 Performance Analysis
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The scale of the turnaround in the Borosil Renewables Q1 results FY27 reflects a sharp recovery in the solar glass industry’s pricing environment, which had faced significant oversupply and pricing pressure in the year ago quarter, likely driving the large loss reported at that time.
As a solar glass manufacturer serving India’s growing renewable energy sector, Borosil Renewables’ recovery reflects both improving industry-wide pricing dynamics and the company’s own capacity utilisation gains, translating into the dramatic swing to profitability seen this quarter.
Revenue growth of 17% in the Borosil Renewables Q1 results FY27, more modest than the dramatic swing in profitability, confirms that margin recovery rather than volume growth was the primary driver of this quarter’s turnaround, consistent with a recovery in industry pricing rather than a demand surge.
Borosil Renewables Q1 Results FY27: Key Business Factors
1. Recovery in Solar Glass Pricing
The dramatic swing to profitability in the Borosil Renewables Q1 results FY27 reflects a sharp recovery in solar glass pricing from the pressured, oversupplied conditions that likely drove the large loss reported a year ago.
2. Improving Capacity Utilisation
Alongside better pricing, improved capacity utilisation at the company’s manufacturing facilities likely contributed to the scale of gross profit recovery seen this quarter.
3. India’s Growing Solar Demand
Continued growth in India’s solar capacity addition supports underlying demand for solar glass, a structural tailwind reflected in this quarter’s revenue growth.
Dividend Details
No new dividend was announced specifically alongside the Borosil Renewables Q1 results FY27. Given the return to profitability this quarter, investors should watch for future board meetings where capital allocation decisions, including potential dividends, may be addressed.
Borosil Renewables Q1 Results FY27 Outlook for the Full Year
Whether the solar glass industry’s pricing recovery proves durable will be the key question for investors tracking the September quarter. Continued capacity utilisation improvement, alongside sustained or improving solar glass pricing, would support the momentum seen in this quarter’s dramatic turnaround through the rest of FY27.
Borosil Renewables Stock Performance After the Q1 Results
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Borosil Renewables share price fell 1.37% to close at Rs 612.00 on the NSE after the Borosil Renewables Q1 results FY27, a pullback despite the dramatic turnaround to profitability.
The negative stock reaction despite the strong turnaround may reflect profit booking after the stock had already priced in an anticipated recovery ahead of results, or some investor caution about the durability of the improved pricing environment.
Investors can compare the trend of the counter with the Nifty 500 index to judge how the stock is placed relative to the broader market after the Borosil Renewables Q1 results FY27.
Key Risks
Investors going through the fine print of the Borosil Renewables Q1 results FY27 should also weigh the following risks.
1. Solar Glass Pricing Volatility
The solar glass industry has a history of pricing volatility tied to supply-demand imbalances, and the pricing recovery reflected in the Borosil Renewables Q1 results FY27 could reverse if new capacity additions create oversupply again.
2. Import Competition
The Indian solar glass industry faces competition from imports, particularly from China, which can pressure domestic pricing and margins depending on trade policy and global supply dynamics.
3. Capacity Utilisation Sustainability
Sustaining the improved capacity utilisation seen this quarter will be important for maintaining the margin recovery, and any demand softness could reverse these gains.
Conclusion
Borosil Renewables Q1 results FY27 show a dramatic turnaround, with net profit at Rs 86 crore versus a loss of Rs 204 crore a year ago, driven by gross profit more than tripling on a recovery in solar glass pricing, even as the stock fell 1.37% on results day. The scale of margin recovery is the standout feature of the Borosil Renewables Q1 results FY27, against the inherent volatility of solar glass industry pricing. Investors should track pricing sustainability and consult a SEBI-registered advisor before acting on the numbers.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Borosil Renewables Q1 Results FY27
When were the Borosil Renewables Q1 Results FY27 announced?
Ans. The Borosil Renewables Q1 results FY27 were announced on Thursday, 16 July 2026, for the quarter ended 30 June 2026.
What is the PAT in Borosil Renewables Q1 Results FY27?
Ans. The Borosil Renewables Q1 results FY27 show a net profit of Rs 86 crore, a turnaround from a loss of Rs 204 crore in Q1 FY26.
What was the revenue in Borosil Renewables Q1 Results FY27?
Ans. Revenue in the Borosil Renewables Q1 results FY27 grew 17% year on year to Rs 406 crore from Rs 347 crore.
Why did Borosil Renewables turn around in Q1 FY27?
Ans. The turnaround in the Borosil Renewables Q1 results FY27 reflects a sharp recovery in solar glass pricing and improved capacity utilisation from the pressured, oversupplied conditions seen in the year ago quarter.
How did Borosil Renewables share price react to the Q1 Results FY27?
Ans. Borosil Renewables share price fell 1.37% to close at Rs 612.00 on the NSE after the Borosil Renewables Q1 results FY27, despite the dramatic turnaround.
Is Borosil Renewables a good buy after the Q1 Results FY27?
Ans. The Borosil Renewables Q1 results FY27 show a dramatic turnaround, though solar glass pricing has a history of volatility that warrants caution. This article is for educational purposes only. Consult a SEBI-registered advisor before investing.
What was the gross profit in the Borosil Renewables Q1 results FY27?
Ans. Gross profit in the Borosil Renewables Q1 results FY27 stood at Rs 106 Cr in Q1 FY27, compared with Rs 34 Cr in Q1 FY26, up 211% year on year.
Was any dividend announced with the Borosil Renewables Q1 results FY27?
Ans. No new dividend was announced specifically alongside the Borosil Renewables Q1 results FY27. Investors should track official NSE and BSE announcements for any future dividend declarations.
