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    you are here: HomeNewsBusinessMoneycontrol Research

    Borosil Renewables: Long-term thesis intact, rising competition a challenge

    Though cost pressures have eased a bit, increased supply from Chinese manufacturers can put strain on the company’s performance

    Sachin Pal
    December 07, 2022 / 10:04 AM IST
    Borosil Renewables: Long-term thesis intact, rising competition a challenge

    Representative image.

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights Only solar-glass manufacturer in the country Higher input costs squeezed operating margins in Q2 Faces stiff competition from global players Realisations under pressure, post removal of ADD from China Manufacturing capacity to jump 3-fold in 2022 Solar-glass manufacturer Borosil Renewables (BRL) delivered a subdued set of numbers in Q2 FY23.  The earnings of BRL will most likely recover next year on the back of the commissioning of new capacity and reduction in power and fuel expenses. Quarterly result highlights BRL reported a double-digit decline in...

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