Borosil Limited reported robust financial performance for the third quarter ending December 31, 2024, showcasing improvements in revenue and profit.
Key Highlights:
- Revenue from operations: ₹338.10 crore, up 11.3% YoY from ₹303.76 crore in Q3 FY24.
- Total Income: ₹354.45 crore, a notable increase compared to ₹310.16 crore in the same quarter last year.
- Net Profit: ₹35.47 crore, down 4.88% YoY ₹37.29 crore YoY due to higher operational expenses.
- EBITDA: Driven by revenue growth, the company maintained strong operational metrics despite inflationary pressures.
Segmental Updates:
- The company witnessed significant growth in its consumer product segment, driven by increased demand for storage and kitchen solutions.
- Its scientific and industrial glass division continued to contribute positively to overall performance.
Cost Dynamics:
Borosil faced higher material and employee expenses in Q3 FY25, reflecting ongoing cost pressures, which marginally impacted its profit margins.
Nine-Month Overview:
For the nine months ending December 31, 2024, Borosil recorded a revenue of ₹837.58 crore, a YoY rise from ₹715.08 crore. Net profit during this period stood at ₹60.78 crore.
Outlook:
Management remains optimistic about future growth, citing steady demand across sectors and ongoing product innovations.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your research or consult a financial advisor before making decisions. The author or Business Upturn is not liable for any losses arising from this information.
