Borosil Renewables Reports Stable Financial Performance Amid Rising Interest Expenses in March 2025

Borosil Renewables, a midcap player in the glass industry, has recently reported its financial results for the quarter ending March 2025. The results indicate a stable financial performance during this period. Notably, the company's score has undergone an adjustment, moving to 1 from -11 over the past three months.
Several factors appear to be contributing positively to Borosil Renewables' performance. The company achieved its highest quarterly net sales in the last five quarters, reaching Rs 373.54 crore, which reflects a year-on-year growth of 31.94%. This upward trend in sales suggests a favorable near-term outlook. Additionally, the debt-equity ratio has reached its lowest point in the last five half-yearly periods at 0.25 times, indicating a reduction in borrowing relative to equity capital. Furthermore, the debtors turnover ratio has improved, now standing at 11.49 times, showcasing the company's efficiency in settling its receivables.

However, the financial results also highlight some challenges. The interest expense has risen significantly, with a quarter-on-quarter growth of 87.80%, indicating an increase in borrowing costs.

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