BOROSIL RENEWABLES LIMITED

INR 170 crore

ded on the company’s website. During Q1 FY23, the company reported net revenue from operations of INR 170 crores, a growth of 25% over the same quarter in the last year. Sales volumes on a quantitative basis al

25%

During Q1 FY23, the company reported net revenue from operations of INR 170 crores, a growth of 25% over the same quarter in the last year. Sales volumes on a quantitative basis also grew by 23%. So

23%

of 25% over the same quarter in the last year. Sales volumes on a quantitative basis also grew by 23%. Solar glass in the domestic market has been strong, has seen strong demand as the manufacturing o

INR 39.5 crore

domestically. Export sales during quarter one financial year 2023 including to customers in SEZ, INR 39.5 crores comprising 23.3% of the turnover. Here again the demand is extremely robust. Average prices of so

23.3%

s during quarter one financial year 2023 including to customers in SEZ, INR 39.5 crores comprising 23.3% of the turnover. Here again the demand is extremely robust. Average prices of solar tempered glass

INR 140.8

demand is extremely robust. Average prices of solar tempered glass during the current quarter were INR 140.8 per millimetre, which is around the same level as in quarter one financial year 2022. However, as y

4.5%

nd the same were higher as compared to the immediately preceding quarter which is Q4 FY22 by about 4.5%. Transcript – Borosil Renewables Ltd Q1 FY23 Earnings Conference Call - 3 -

INR 51.3 crore

gins have been faced by our competitors as well. During Q1 FY23, the company earned an EBITDA of INR 51.3 crores. The EBITDA margin has 30.2% has suffered a decline of 2,000 basis points, owing to cost inflatio

30.2%

as well. During Q1 FY23, the company earned an EBITDA of INR 51.3 crores. The EBITDA margin has 30.2% has suffered a decline of 2,000 basis points, owing to cost inflation and raw materials and energy

2,000 basis point

company earned an EBITDA of INR 51.3 crores. The EBITDA margin has 30.2% has suffered a decline of 2,000 basis points, owing to cost inflation and raw materials and energy as above. We believe that the EBITDA margin

50.1%

flation and raw materials and energy as above. We believe that the EBITDA margin during Q1 FY22 at 50.1% was abnormally high, a more sustainable level of EBITDA margin would be lower as mentioned in my e

75%

would also depend on how unit selling prices of imports behave as the country is importing almost 75% of the requirement of solar glass as per latest data. This will of course have a bearing on global