The company’s total income witnessed an increase from Rs 236.96 crore in the second quarter of the financial year 2024 (Q2FY24) to Rs 283.3 crore in Q2FY25
Marking a 16.6 per cent year-on-year (YoY) rise in the second quarter of the current financial year 2025 (Q2FY25), Borosil has posted a revenue of Rs 273.89 crore in the recently concluded quarter, as compared to Rs 234.87 crore in the corresponding period of the previous financial year. On a quarter-over-quarter (QoQ) basis, the revenue marked a jump of 26.3 per cent from Rs 216.81 crore in the quarter ended 30 June 2024.
Borosil’s Q2 FY25 net profit reached Rs 18.31 crore. Although this reflects a slight decline of 1.2 per cent from Rs 18.53 crore in Q2 FY24 due to increased ad spends ahead of the festive season and budgetary tax impact, it represents a 97.1 per cent increase quarter-over-quarter from Rs 9.29 crore in Q1 FY25. This improvement highlights Borosil’s effective cost management and focus on operational efficiency, reinforcing its resilience in the face of competitive pressures within the market. The company’s total income witnessed an increase from Rs 236.96 crore in Q2FY24 to Rs 283.3 crore in the quarter ended 30 September 2024.
Shreevar Kheruka, managing director of Borosil says, “During Q2 FY25, we reported strong revenue growth, which reflects the strength and stability of our business. Even with market challenges, we’ve managed to maintain steady profits by focusing on innovation, cost control, and customer satisfaction. The company has made significant progress with this new focus while also enhancing our capabilities to improve efficiencies and reduce costs. I am pleased with the sustained growth we’ve achieved and am excited to continue leading these efforts toward even greater success in this financial year. ”
Looking ahead, Borosil is focused on sustaining its growth trajectory in FY25. The company plans to continue expanding its market share in the goods and glassware sectors while further strengthening its position in emerging markets.
