Solar Glass Maker Borosil Swings to Loss on Higher Expenses
The company's Q4 revenue rose 21% on domestic sales
May 29, 2024
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Solar glass manufacturer Borosil Renewables slipped into a net loss of ₹133.7 million (~$16.5 million) in the fourth quarter (Q4) of the financial year (FY) 2024 from a profit of ₹116.9 million (~$14.4 million) last year, hurt by higher costs of materials, power, and fuel, finance costs, and depreciation expenses.