Borosil Renewables: 30%+ Margins Sustainable Amid Steady Pricing, Full Capacity

• Borosil Renewables expects to maintain EBITDA margins of 30% or higher for its India business, driven by stable prices and full capacity utilization.
• Executive Chairman Pradeep Kumar Kheruka confirmed the company is operating at full capacity and selling all its output.
• Stable prices are attributed to the minimum import price imposed by the Indian government on solar glass imports from China.
• Margins have exceeded 33% for two consecutive quarters, surpassing initial expectations of around 30%.
• Future profitability could be further supported by a captive renewable power installation, expected to be operational in February, reducing power costs.

Why It Matters: Borosil Renewables anticipates sustained high margins due to stable pricing, full capacity, and upcoming cost reductions.