Borosil Renewables stock ends lower despite robust numbers in Q3 FY22

8 Feb 2022 , 03:58 PM

Borosil Renewables Ltd. announced its results for the quarter ended December 2021 and has reported robust performance for the quarter with strong numbers.

The company reported a total income of Rs 174.25 crore for Q3 FY’22 as against Rs 141.33 crore for Q3 FY’21, reporting growth of 23.30% YoY. Its total income for the 9M period ended December 2021 was reported at Rs 482.40 crore as against Rs 310.73 crore for the previous 9M period, reporting growth of 55.25% YoY.

Borosil closed at Rs 674 against its previous closing of Rs 690.55, down by 2.40% or Rs 16.55. It touched day’s high and low of Rs 718.40 and Rs 628.10 respectively.

The company’s PAT stood at Rs 45.73 crore for December 2021 quarter, as against Rs 34.11 crore for the previous corresponding quarter, up by 34.07% YoY. Whilst its PAT for 9M increased by 424.70% YoY at Rs 119.47 crore for Q3 FY’22 as against Rs 22.77 crore for the same period last year.

The company’s PBT for the quarter ended December 2021 stood at Rs 64.46 crores as against Rs 41.27 crore for the corresponding quarter, reflecting a growth of 56.20% year-on-year. PBT for the 9M ended December 2021 stood at Rs 168.47 crore as against Rs 58.66 crore for the corresponding 9M period, reflecting a gain of 187.20% YoY.