Borosil Renewables Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
February 12, 2021 at 05:07 am
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Borosil Renewables Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 1,413.284 million compared to INR 761.104 million a year ago. Net income was INR 105.777 million compared to net loss of INR 8.717 million a year ago. Basic earnings per share from continuing operations was INR 0.91 compared to basic loss per share from continuing operations of INR 0.08 a year ago. For the nine months, total revenue was INR 3,107.316 million compared to INR 1,794.701 million a year ago. Net income was INR 227.698 million compared to net loss of INR 36.002 million a year ago. Basic earnings per share from continuing operations was INR 1.98 compared to basic loss per share from continuing operations of INR 0.32 a year ago.
Borosil Renewables Limited is an India-based company, which is engaged in manufacturing of low iron textured solar glass for application in photovoltaic panels, flat plate collectors and green houses. Its products, such as Selene, is an anti-glare solar glass suitable for PV installations near airports and Shakti, is a solar glass in matt-matt finish, low iron textured solar glass, 2 mm fully tempered solar glass, Nosbera, antimony-free solar glass, solar glass with anti-reflective coating, and solar glass with anti-soiling coating. It also manufactures specialty glasses. The Company, through its brand BOROSIL, manufactures a range of lab ware, scientific ware, and consumer ware products. Its present solar glass manufacturing capacity is 450 tons per day (TPD). The Company's subsidiaries include Geosphere Glassworks GmbH, Laxman AG, GMB Glasmanufaktur Brandenburg GmbH, and Interfloat Corporation.
BOROSIL RENEWABLES LIMITED 
