Borosil Scienti. Q1 FY27 Results (NSE: BOROSCI)
Signal: Loss reversed
The read
Consolidated results show a strong YoY turnaround from loss to profit, driven by Glassware segment recovery and absence of exceptional VRS costs, though raw material cost pressure and a weak QoQ from Q4FY26 high base temper the outlook.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹106.75 Cr | 11.2% | -25.4% |
| EBIT | ₹6.24 Cr | N/A | |
| Net profit | ₹4.37 Cr | turnaround | |
| EPS | ₹0.49 | N/A | |
| EBIT margin | 9.3% |
P&L walk
Revenue grew 11.2% YoY led by Glassware (+19%) and Scientific (+5.6%); operating margin expanded 272bps to 9.3% as Glassware swung from loss to profit, offsetting raw material cost headwinds; PAT turned positive due to lower base and no exceptional items.
Segments
Glassware segment turned around from a loss of ₹227.00 lakh in Q1FY26 to a profit of ₹19.00 lakh, lifting consolidated results; Scientific segment profit grew 11.5% YoY. Subsidiary Goel Scientific posted a loss of ₹236.18 lakh, dragging consolidated PAT below standalone.
Key positives
- Glassware segment swung from a loss of ₹227 lakh to profit of ₹19 lakh, a key inflection.
- Consolidated PAT turned positive to ₹437 lakh, a significant improvement over ₹416 lakh loss in Q1FY26.
- Operating margin expanded 272bps YoY to 9.3%, driven by cost control and segment mix.
Key concerns
- Raw material cost as % of revenue rose 170bps YoY, indicating input cost pressure.
- Consolidated PAT much lower than standalone due to subsidiary loss of ₹236 lakh (Goel Scientific).
- Revenue declined 25.4% QoQ from Q4FY26, though partly seasonal.
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