Borosil (BOROLTD) Q3 24/25 earnings summary

Executive summary

• Revenue for nine-month FY 2025 reached INR 837.6 crores, up 17.1% year-over-year, with robust growth in glassware and non-glassware segments despite muted consumer demand and industry challenges.

• Operating EBITDA for nine-month FY 2025 was INR 140.2 crores, a 17.4% increase year-over-year, with margins at 17%.

• Profit after tax for nine-month FY 2025 was INR 63.1 crores, up from INR 60.8 crores, impacted by higher taxation due to regulatory changes.

• Strategic focus includes innovation, premiumization, expanding product categories, and digital transformation.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024, were approved by the Board on February 7, 2025.

Financial highlights

• Revenue from operations for nine-month FY 2025: INR 837.6 crores (17.1% YoY growth); Q3FY25 revenue: ₹338.1 crore, up 11.3% YoY.

• Operating EBITDA: INR 140.2 crores (17.4% YoY growth), margin at 17%; Q3FY25 EBITDA: ₹70.7 crore, up 9.8% YoY.

• Profit before tax: INR 86.3 crores, including a one-time income of INR 13.5 crores from sale of tenancy rights.

• PAT for Q3FY25 was ₹35.5 crore, down 4.9% YoY due to higher taxation from deferred tax credit reversal.

• Net debt reduced significantly to INR 20.4 crores at period end.

Outlook and guidance

• Management expects medium-term CAGR of 15%-20% and EBITDA margin target of 20%-22% in the next two to three years.

• Ad spend expected to decline to 6% of sales over the next two to three years as scale increases.

• Focus on innovation, premiumization, and expanding product categories and digital channels.