Borosil Renewables is the only solar glass manufacturer in the country with an installed capacity of 450 metric tons per day. Nearly 65% of India’s solar glass demand is satisfied by imports from China and other countries. Given trend in RM prices & removal of ADD, see domestic margins stabilize around 20%-25% over FY23-24 which is worth knowing. Here’s why
Borosil Glass Works has reported a sales total income from operations of Rs 72.24 crore and a net profit of Rs 11.05 crore for the quarter ended Jun'18
Borosil Glass said its profit in July-September quarter increased 25 percent year-on-year to Rs 13.5 crore, driven by operational performance.
Ashwani Gujral of ashwanigujral.com recommends buying Muthoot Finance and Reliance Industries and picks Yes Bank as a sell.
It has considered and approved split of equity shares from Rs 10 per share to Re 1 per share subject to approval of members.
Union Finance Minister Arun Jaitley on Sunday clarified that there is no plan to impose long-term capital gains tax on securities investments. Speaking to CNBC-TV18, SP Tulsian says that if there is long-term capital gain tax then that should not be along with the securities transaction tax (STT).
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The impact of demonetisation will be felt in the third quarter of this fiscal as tertiary sales have come down by 30-40 percent despite primary sales not wavering much, says Shreevar Kheruka, MD of Borosil Glass.
Shares of Borosil Glass Works have increased threefold over the past one year as the company has posted strong revenue and EBIDTA growth over the past few quarters.
The new limits, effective tomorrow, will ensure stock prices do not go up or down beyond a level during a session.
Borosil Glass Works has reported a sales total income from operations of Rs 52.25 crore and a net profit of Rs 9.88 crore for the quarter ended Jun '16
Borosil MD Shreevar Kheruka said: "Our investment will help Klasspack to ramp up facilities and production to give our current pharmaceutical customers a high quality choice for sourcing their pharmaceutical packaging needs."
Borosil paid for the aquisition by internal accruals, with Kheruka adding that the company does not have any debt in its balance sheet.
The company has acquired 60.3 percent stake in Nashik based Klasspack for an undisclosed amount.
"Borosil has made an investment of Rs 22.00 crore by way of subscription in 6 percent optionally convertible non-cumulative redeemable preference shares in Hopewell Tableware, its unlisted wholly owned subsidiary," says the company in its filing.
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Borosil Glass Works has reported a sales total income from operations of Rs 64.14 crore and a net profit of Rs 14.19 crore for the quarter ended Dec '15
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