Borosil Ltd Reports 86% Surge in Q1 Net Profit; Revenue and EBITDA See Strong Growth
Team FS
14/Aug/2024

Key Points
1. Net Profit Surge: Borosil Ltd achieved an 86% increase in net profit, reaching ₹9.3 crore for Q1 FY25 compared to ₹5 crore in the same quarter last year.
2. Revenue Growth: The company’s revenue from operations grew by 23.1%, reaching ₹216.8 crore, driven by strong performance across all segments.
3. Improved EBITDA and Margin: EBITDA jumped 47.2% to ₹29 crore, with an improved EBITDA margin of 13.4% compared to 11.2% in the previous year.
Borosil Ltd has delivered an impressive financial performance in the first quarter of FY25, with the company’s net profit jumping by 86% year-on-year (YoY) to ₹9.3 crore. This surge in profitability highlights Borosil's effective cost management and strategic growth initiatives that have significantly bolstered its bottom line.
Revenue Growth Driven by Segment Expansion
The company’s revenue from operations saw a substantial increase of 23.1%, reaching ₹216.8 crore in Q1 FY25, up from ₹176.1 crore in the corresponding quarter of the previous fiscal. This growth was driven by strong performances across Borosil's key segments. The glassware segment, in particular, reported a remarkable 42.2% increase in sales, contributing ₹55.7 crore to the total revenue. Meanwhile, non-glassware sales grew by 20.3% to ₹85.1 crore, and the opalware segment also recorded a healthy 15.0% growth, reaching ₹76.1 crore.
Significant Improvement in EBITDA and Margins
Borosil’s operational efficiency is further underscored by a significant 47.2% YoY increase in EBITDA, which rose to ₹29 crore in Q1 FY25, compared to ₹19.7 crore in Q1 FY24. The company’s EBITDA margin improved to 13.4% during the quarter, up from 11.2% in the previous year, reflecting its ability to manage costs effectively while driving revenue growth.
Market Reaction and Stock Performance
The robust financial performance had a positive impact on Borosil’s stock price, which closed at ₹401.90 on the BSE, marking an increase of ₹16.25 or 4.21% following the earnings announcement. The market responded favorably to the results, indicating investor confidence in the company’s growth trajectory.
Conclusion
Borosil Ltd's Q1 FY25 results demonstrate the company's solid financial health and growth prospects. With strong revenue growth across its segments, significant improvement in profitability, and a positive market response, Borosil is well-positioned to maintain its upward momentum in the coming quarters. As the company continues to focus on expanding its product offerings and optimizing operations, it is likely to see sustained growth and enhanced shareholder value in the future.
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