Borosil Scientific Approves ₹70 Cr. Furnace Project, Q2 Results Show Profit Growth
Borosil Scientific announced its Q2 results and approved a ₹70 crore project to set up a glass tubing furnace, expected by March 2028. Standalone PAT for H1FY27 was ₹1,309.33 lakh, up from ₹797.82 lakh in H1FY26. Consolidated PAT for H1FY27 was ₹966.17 lakh, a significant rise from a loss of ₹136.22 lakh in H1FY26.
The approval of a major capital expenditure project for capacity expansion and improved financial performance are material events for the company.
The company reported a significant increase in profit for the half-year and approved a substantial capacity expansion project, indicating positive future growth prospects.
Borosil Scientific Limited's Board of Directors, in a meeting held on October 28, 2026, approved the unaudited financial results for the quarter and half-year ended September 30, 2026. The company also greenlit a significant capital expenditure of up to ₹70 crore to establish a Borosilicate 3.3 glass tubing furnace at its Bharuch plant.
This new furnace will have an installed production capacity of approximately 20 Metric Tonnes per day. Commercial production is anticipated to commence by March 31, 2028. The project aims for backward integration, reducing reliance on imported tubing, enhancing supply chain reliability, and potentially optimizing manufacturing costs for glassware products. The financing for this expansion will be through internal accruals and/or borrowings. The company may also apply for eligible subsidy benefits under the Viksit Gujarat Industrial Policy 2026.
The financial results for the quarter ended September 30, 2026, revealed a standalone profit after tax of ₹624.98 lakh, compared to ₹752.06 lakh in the same period last year. For the half-year ended September 30, 2026, the standalone profit after tax stood at ₹1,309.33 lakh, an increase from ₹797.82 lakh in the corresponding period of the previous year. Consolidated profit after tax for the half-year ended September 30, 2026, was ₹966.17 lakh, up from a loss of ₹136.22 lakh in the prior year's half-year.
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