Borosil Scientific544184Quarterly results
Board approves Rs. 70 crore glass tubing furnace; unaudited Q2 and half-year results reviewed
Board approved a Borosilicate 3.3 glass tubing furnace at the Bharuch plant: installed capacity of around 20 Metric Tonnes (MT) per day, capital expenditure of up to Rs. 70 crores, funded by internal accruals and / or borrowings.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 11,496.37 | 10,689.88 | +7.5% | 10,675.23 | +7.7% |
| Total income | 11,737.14 | 10,904.85 | +7.6% | 10,941.87 | +7.3% |
| Profit before tax | 767.10 | 513.48 | +49.4% | 598.07 | +28.3% |
| Profit after tax | 530.66 | 284.74 | +86.4% | 435.51 | +21.8% |
| Total comprehensive income | 525.45 | 282.89 | +85.7% | 430.29 | +22.1% |
| Basic EPS | 0.60 | 0.32 | +87.5% | 0.49 | +22.4% |
- PAT YoY Growth
- +86.4% (Year ago 284.74 lakhs)
- Period
- Quarter ended (30/09/2026)
Also decided at the meeting
- Approved setting up a Borosilicate 3.3 glass tubing furnace (around 20 MT per day) at the Bharuch plant, capex of up to Rs. 70 crores, commercial production expected by March 31, 2028.
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional items: Rs. 661.31 lakhs VRS expenditure at Ambad, Nashik plant (H1 FY26 and FY26) and Rs. 191.51 lakhs one-time impact of new Labour Codes (FY26).
- Allotted 4475 equity shares of Re. 1/- each under BSL-ESOS, increasing share capital by Rs. 0.05 lakhs and securities premium by Rs. 7.48 lakhs.
- Segments realigned to Scientific, Primary Pharma Packaging and Consumer Glassware; prior period segment information restated.
Two decisions came out of the board meeting held on October 28, 2026: approval of the unaudited financial results for the quarter and half year ended September 30, 2026, and approval of a proposal to set up a glass tubing furnace at the company's Bharuch plant.
The new furnace
- Product: Borosilicate 3.3 glass tubing, to be made at the Bharuch plant.
- Proposed capacity addition: an installed production capacity of around 20 Metric Tonnes (MT) per day.
- Existing capacity for this product: Nil.
- Investment required: capital expenditure of up to Rs. 70 crores.
- Mode of financing: internal accruals and / or borrowings.
- Commercial production is expected to commence by March 31, 2028.
Why the company is doing it
- Glass tubing is one of the main components used as a raw material for the company's glassware products and is presently procured from overseas suppliers.
- The project is intended to establish backward integration, reduce dependence on imported tubing, improve supply-chain reliability and control over quality and availability, and potentially optimise manufacturing costs of glassware products.
- The tubing would primarily be used for captive consumption, with surplus production sold in the external market.
- The company would apply for subsidy benefits on the eligible investment, as may be available under the Viksit Gujarat Industrial Policy 2026.
Quarterly numbers, standalone
- Revenue from operations was Rs. 10,419.39 lakhs for the quarter ended September 30, 2026, against Rs. 9,948.14 lakhs in the same quarter a year earlier.
- Profit for the period was Rs. 624.98 lakhs, against Rs. 752.06 lakhs a year earlier.
Half year, standalone
- Profit for the period was Rs. 1,309.33 lakhs for the half year ended September 30, 2026. The prior year half included an exceptional item of Rs. 661.31 lakhs, described in the notes as expenditure towards a Voluntary Retirement Scheme at the company's Ambad (Nashik) plant.
Auditor's review
- The statutory auditor carried out a limited review of the standalone and consolidated results.
- On the standalone statement, the auditor said nothing had come to its attention that causes it to believe the statement has not disclosed the information required to be disclosed or that it contains any material misstatement.
- The auditor notes a review is substantially less in scope than an audit and does not express an audit opinion.
Segment change to note
- With the expansion of the Consumer Glassware business, the internal reporting structure has changed; Consumer Glassware is now reviewed separately.
- Segments are now reported as Scientific – Laboratory Glass & Equipment and Process System, Primary Pharma Packaging and Consumer Glassware, and earlier periods have been restated to match.
Other item from the meeting
- Under the BSL – Employee Stock Option Scheme, the company has made an allotment of 4475 Equity Shares of face value of Re. 1/- each, which increased paid up Equity Share Capital by Rs. 0.05 lakhs and Securities Premium by Rs. 7.48 lakhs.
The overall read is neutral to constructive: a capex decision aimed at cutting import dependence, alongside a routine set of reviewed quarterly numbers.
11,496.37 (Rs. in lakhs)Revenue from operations, latest quarter
Standalone Revenue from operations, (Rs. in lakhs₹10,419.39 lakh
Profit after tax, latest quarter530.66 (Rs. in lakhs)
Total comprehensive income, latest quarter525.45 (Rs. in lakhs)
₹624.98 lakh-16.9%
Q2₹752.06 lakhQ2₹624.98 lakh
Also from Borosil Scientific
Board approves Q2 results and plan for a Rs. 70 crore glass tubing furnace at Bharuch
28 Oct 2026
Board meeting on October 28 to approve unaudited results for quarter and half year ended September 30, 2026
21 Oct 2026
More numbers
- Capital expenditure for glass tubing furnaceRs. 70 crores
- Proposed installed capacity of the furnace20 Metric Tonnes (MT) per day
- Standalone Revenue from operations, Q2 (Rs. in lakhs)10,419.39
- Standalone Revenue from operations, Q2 previous year (Rs. in lakhs)9,948.14
- Standalone Profit for the period, Q2 (Rs. in lakhs)624.98
- Standalone Profit for the period, Q2 previous year (Rs. in lakhs)752.06
- Standalone Profit for the period, half year (Rs. in lakhs)1,309.33
- Equity shares allotted under ESOS4475
- Total income, latest quarter11,737.14 (Rs. in lakhs)
- Total income, year-ago quarter10,904.85 (Rs. in lakhs)
- Total income, previous quarter10,941.87 (Rs. in lakhs)
- Total comprehensive income, latest quarter525.45 (Rs. in lakhs)
- Total comprehensive income, year-ago quarter282.89 (Rs. in lakhs)
- Total comprehensive income, previous quarter430.29 (Rs. in lakhs)
- Profit after tax, latest quarter530.66 (Rs. in lakhs)
- Profit after tax, year-ago quarter284.74 (Rs. in lakhs)
- Profit after tax, previous quarter435.51 (Rs. in lakhs)
- Revenue from operations, latest quarter11,496.37 (Rs. in lakhs)
- Revenue from operations, year-ago quarter10,689.88 (Rs. in lakhs)
- Revenue from operations, previous quarter10,675.23 (Rs. in lakhs)
- Profit before tax, latest quarter767.10 (Rs. in lakhs)
- Profit before tax, year-ago quarter513.48 (Rs. in lakhs)
- Profit before tax, previous quarter598.07 (Rs. in lakhs)
- furnace_capexRs. 70 crores
Source: BSE · 28 Oct 2026
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