Shares of Borosil Renewables hit a 5% lower circuit on Feb 17 after reporting higher losses in Q3.

Borosil Renewables Shares Drop

The company reported a net loss of ₹30 crore in Q3, up from ₹15.9 crore in the same period last year.

Widening Net Loss

EBITDA loss stood at ₹1.1 crore, compared to a gain of ₹20.6 crore last year due to lower profitability.

Decline in EBITDA

Despite losses, revenue grew 9.4% YoY to ₹361.5 crore from ₹330.4 crore in the previous year.

Revenue Growth

At 12:38 PM, Borosil Renewables traded at ₹475 on NSE amid weak operational performance.

Stock Performance

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