Shares of Borosil fell more than 2 percent in trade on Wednesday following the company's disappointing quarterly results. According to reports from CNBC-TV18, the stock was trading at ₹229.59, down ₹4.72 or 2.01 percent, at 12:54 pm IST. The decline reflects investor concerns over the company's margin pressure and operational challenges during the fourth quarter.
The company reported mixed financial results for the fourth quarter ended March 2026. As reported by CNBC-TV18, Borosil posted a 5 percent year-on-year decline in consolidated net profit to ₹10.6 crore for Q4, compared with ₹11.1 crore in the same period last year. However, revenue from operations showed resilience with a 5.2 percent increase to ₹284.1 crore from ₹270.2 crore a year earlier. The company's EBITDA performance was significantly impacted, declining 18.7 percent year-on-year to ₹30.2 crore against ₹37.1 crore in the corresponding quarter last year.
According to exchange filings reported by CNBC-TV18, EBITDA margin narrowed sharply to 10.6 percent from 13.8 percent in the previous year. The margin compression was primarily attributed to operational disruptions caused by fuel supply constraints. Speaking to CNBC-TV18, Shreevar Kheruka explained that "margin impacted due to unavailability of gas in Q4." He noted that "Gas prices have been fluctuating, remaining 2.5-3x above pre-crisis levels," while the company is now "Comfortably placed in terms of LPG availability." The company had previously informed exchanges in March that production at its borosilicate glass furnace in Jaipur was temporarily suspended, while operations at its opal glass furnaces were scaled down after oil marketing companies restricted LPG supplies citing force majeure conditions.
Despite current challenges, management remains optimistic about the company's growth trajectory. As reported by CNBC-TV18, Kheruka stated that "Revenue will continue to grow at 15-16% CAGR every year," though he acknowledged that "Steel bottles business was impacted due to BIS rules." The company has implemented price hikes to offset some cost pressures, with Kheruka confirming that "Have taken price hikes to mitigate the impact." Regarding profitability targets, the Borosil MD emphasized the company's long-term ambitions, stating "Aim to grow EBITDA margin around 20% in the long term," while inventory levels have "Normalised at around 90-105 days."
