Borosil Renewables slips as Q2 PAT declines 29% YoY

10 Nov 2022 , 11:29 AM

Sequentially, the companys net profit slipped by 19.36% while net sales declined marginally by 0.4%. The company recorded a profit before tax of Rs 32.92 crore in Q2 FY23 as against Rs 48.15 crore in Q2 FY22, down by 31.6%. Total expenses rose 17.9% year on year to Rs 138.45 crore in the quarter ended 30 September 2022. Cost of materials consumed was at Rs 40.74 crore (up 34.5% YoY), power and fuel cost stood at Rs 37.80 crore (up 42.25% YoY) and employee benefits exepense was Rs 14.59 crore (up 42.08% YoY). Borosil Renewables is engaged in the business of manufacturing of extra clear patterned glass and low iron solar glass for application in photovoltaic panels, flat plate collectors and green houses. Powered by Capital Market – Live News