Borosil Posts Loss, Plans Fundraise

  Published 1 year ago

Borosil Renewables reports higher revenue but wider loss due to German unit insolvency; plans ₹380 crore preferential issue.

  • Q1 FY26 revenue rose 37.4% YoY to ₹332.26 crore; exceptional loss of ₹325.91 crore due to GMB exposure.
  • Insolvency filing in Germany triggers full provision of ₹325.9 crore; pre-tax profit before exceptionals at ₹66.56 crore.
  • Board okays preferential issue of ~71 lakh shares at ₹535/share to raise ₹379.52 crore from non-promoter investors.

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