Borosil Renewables: 30%+ Margins Sustainable Amid Steady Pricing, Full Capacity
Earnings
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CNBC TV18•30-01-2026, 15:31
Borosil Renewables: 30%+ Margins Sustainable Amid Steady Pricing, Full Capacity
- •Borosil Renewables expects to maintain EBITDA margins of 30% or higher for its India business, driven by stable prices and full capacity utilization.
- •Executive Chairman Pradeep Kumar Kheruka confirmed the company is operating at full capacity and selling all its output.
- •Stable prices are attributed to the minimum import price imposed by the Indian government on solar glass imports from China.
- •Margins have exceeded 33% for two consecutive quarters, surpassing initial expectations of around 30%.
- •Future profitability could be further supported by a captive renewable power installation, expected to be operational in February, reducing power costs.
Why It Matters: Borosil Renewables anticipates sustained high margins due to stable pricing, full capacity, and upcoming cost reductions.
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