Shares of Borosil Renewables Ltd. (Borosil) fell by 4.99% on February 17, 2025, following the company’s Q3 FY25 results. The stock closed at ₹472.50, down ₹24.80 from the previous session.
For the third quarter, Borosil Renewables reported a widened net loss of ₹30 crore, compared to a loss of ₹15.9 crore in the same period last year. Despite a 9.4% year-on-year increase in revenue, which reached ₹361.5 crore compared to ₹330.4 crore in Q3 FY24, the company struggled with higher input costs and pricing pressures.
The operational performance also declined, with EBITDA turning negative at a loss of ₹1.1 crore, a sharp drop from the ₹20.6 crore in profit reported in Q3 FY24.
Borosil’s results were released after market hours. The company’s share price settled over 2% lower, closing at ₹495.10 on the BSE. The stock movement came as the Indian stock markets continued their downward trend for the eighth consecutive day, marking the first such streak in two years. During the session, the market capitalization of BSE-listed companies fell below ₹400 lakh crore for the first time since June 2024.
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