Borosil Share Price Spikes After Q4 Profit Doubles, Margin Expands
The company's net profit more than doubled, climbing to Rs 11 crore from Rs 5 crore.
Borosil Ltd. saw its share price surge by 9.45% on Tuesday, following the announcement of its fourth-quarter results.
The company's consolidated revenue increased by 15.7%, reaching Rs 270 crore, compared to Rs 233 crore in the same period last year. Ebitda also showed significant growth, rising by 57% to Rs 37 crore from Rs 23.6 crore year-on-year. The company's margin improved to 13.7% from 10.1%, and net profit more than doubled, climbing to Rs 11 crore from Rs 5 crore.
In the last quarter, Borosil's net profit fell 4.9% to Rs 35.5 crore in the quarter ended Dec. 31, 2024, compared to Rs 37.3 crore in the same period last year.
Established in 1962, Borosil is a leading Indian glassware company headquartered in Mumbai. The company makes laboratory glassware and microwavable kitchenware.
Borosil Share Price Today
Shares of the company rose as much as 9.45% to Rs 392 apiece. They pared gains to trade 2.99% higher at Rs 368.85 apiece, as of 10:07 a.m. This compares to a 0.20% decline in the NSE Nifty 50.
The stock has risen 2.56% in the last 12 months. Total traded volume so far in the day stood at 32 times its 30-day average. The relative strength index was at 70.
The two analysts tracking the company maintain a 'buy' rating for the stock, according to Bloomberg data. The average 12-month consensus price target implies an upside of 9%.
