Borosil Renewables is India’s leading solar-glass

Borosil Renewables is India’s leading solar-glass manufacturer and a direct beneficiary of rapid solar-capacity additions and domestic module manufacturing. Q1 FY27 standalone revenue rose 53% YoY to ₹405.7 crore, while EBITDA reached ₹142 crore, with margin improving to about 35%. Latest News: Q1 FY27 consolidated revenue was about ₹419.7 crore, with net profit of ₹86.6 crore, marking a sharp turnaround from the year-ago loss. FY26 standalone revenue increased 38.3% to ₹1,534.8 crore, while EBITDA surged 172% to ₹491.7 crore. Corporate Action/Catalyst: The company is expanding capacity to capture India's growing solar-glass demand. An upcoming August 27, 2026 investor conference could provide further management commentary on demand, pricing and capacity expansion. The key risks remain Chinese competition, solar-glass pricing, capacity utilization and capital expenditure requirements.