Mumbai, July 24 -- Despite the widening loss, revenue from operations rose 37.39% year-over-year (YoY) to Rs 332.26 crore for the quarter ended 30 June 2025.

Profit before exceptional items and tax stood at Rs 66.56 crore in Q1 FY26, compared to a pre-tax loss of Rs 4.99 crore in Q1 FY25. However, the company reported exceptional items worth Rs 325.91 crore during the quarter.

During the quarter, Borosil Renewables conducted an independent assessment of its step-down subsidiary GMB in Germany and found no signs of demand recovery. With GMB requiring monthly funding of around EUR 900,000, its Managing Director filed for insolvency on 4 July 2025 at the Cottbus Insolvency Court under the German Insolvency Code. As a result, Borosil's mana...