Borana Weaves Limited — Q3 FY26
Borana Weaves delivered a strong Q3 FY26 with revenue of ₹111.36 crore (+42% YoY), EBITDA of ₹27.09 crore (+51% YoY), and PAT of ₹18.55 crore (+63% YoY).
bullish
high
Financial stats pending filing verification
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
73%Questions answered2Evaded / deflected11Questions audited
Partial answer
High priority
Asked about raw material prices and margin outlook for Q4.
Asked by Raman KV, sequent investments
Management gave directional outlook but no quantitative guidance on raw material prices or margin.
vague on magnitudeno specific numbers
Read the exchange
Question
I have noticed that your gross margin improved mainly because of your cost of production decrease. So can you give any hint on the raw material prices for the quarter and how are you seeing the raw material pricing to be going forward?
Management (not named)
There is a marginal increase in the gross profit ratio... from December the government has free the anti-dumping duty... so in quarter four it seems that gross margin profit may be better than this one also.
Evasive
Medium priority
Asked about technical textiles capex and revenue targets.
Asked by Raman KV, sequent investments
Management did not provide any specific capex or revenue targets, only vague statements.
no numbers givenvague timeline
Read the exchange
Question
You have mentioned in your presentation with respect to for into technical textiles. Can you give some highlight like what's the capex outline? How much capacity are you planning to come with and how much revenue targets?
Management (not named)
In technical textile we are nowadays it's an we are adding our products which goes for the technical textiles... we are increasing our capacity in the same manner slowly and gradually.
Answered
High priority
Asked about capex cost and incremental revenue from 164 water jet looms.
Asked by Raman KV, sequent investments
Management provided specific capex cost and revenue range.
Read the exchange
Question
What was the capex cost for adding around 160 164 water jet looms and how much incremental revenue do you expect coming from because of this addition?
Management (not named)
It will increase our capacity annually by the 5 K of meter of the fabric and the cost of this project will be around 35 cr and it will be around 60 to 75 cr additional revenue per year.
Answered
Medium priority
Asked about annual power savings from renewable energy plant.
Asked by Disha, Safire Capital
Management gave a specific annual savings figure.
Read the exchange
Question
Regarding the commissioning of the renewable energy plant, what is the sort of power savings we are expecting annually?
Management (not named)
It will be the around yearly 18 to 20 CR.
Answered
High priority
Asked about total capex plan for doubling capacity over two years.
Asked by Disha, Safire Capital
Management provided a specific capex range.
Read the exchange
Question
What is the capex plan for the next two years? I think you mentioned that we're planning to double our capacity over next two years so what is the capex plan?
Management (not named)
It will be around 350 to 400 cr total investment will be there to doubling our capacity.
Answered
Medium priority
Asked about government subsidies and their details.
Asked by Pam Bura, Pina Asset Managers
Management provided specific subsidy percentages.
Read the exchange
Question
Are you getting any sort of help from the government currently?
Management (not named)
In the interest we are getting around 3 to 4% of the interest that is around 30 to 40% of the interest cost we are getting subsidy and in power we are getting around 20 to 22% of the subsidy.
Partial answer
Medium priority
Asked about utilization rate and sustainability of 77% utilization.
Asked by Ankor Gulati, Genuity Capital
Answer was garbled and did not clearly address sustainability of utilization.
unclear answerno commitment
Read the exchange
Question
So from this point onwards over one year period is that a fair 16 plant capacity 76.6 March purchase financial year 96% any specific reason?
Management (not named)
Because of these backseat fabrics and shutting fabrics. So whenever% utilization 75 over next 12 months again 80 85.
Evasive
High priority
Asked about margin expansion and sustainability of 24.3% EBITDA margin.
Asked by Park Patel, Patel Investments
Management did not give a specific margin range, only directional comment.
no specific guidancevague
Read the exchange
Question
EBITDA margin expanded quite a lot 24.3% this quarter. So I just wanted to see moving forward will we see an increase to 25 or 25.5% or should we take this as a one-off?
Management (not named)
Gradually it will increase it is going to be increased from quarter on quarter.
Answered
Low priority
Asked about percentage of texturized yarn sales and PO manufacturing plans.
Asked by Gavaral, AB Capital
Management gave a specific percentage.
Read the exchange
Question
What is the percentage of texturized yarn sales in our total sales?
Management (not named)
It is around 7%.
Answered
Medium priority
Asked about asset to turnover ratio for capex.
Asked by Mitange, individual investor
Management gave a specific ratio range.
Read the exchange
Question
What would be the asset to turnover ratio like for a capex of 100 crores will yield to maximum what revenue in the pool utilization?
Management (not named)
Around two to three times.
Answered
Medium priority
Asked about current debt split between long-term and short-term.
Asked by Mitange, individual investor
Management provided specific debt figures.
Read the exchange
Question
What is the current debt on books like how much is a long-term and how much is a working capital or shortterm?
Management (not named)
35 cr is our long-term okay and 25 cr is shortterm.
Answered
Medium priority
Asked about blended utilization across all four units.
Asked by Mitange, individual investor
Management gave a specific utilization range.
Read the exchange
Question
What will be the blended overall utilization for controlling all the four units?
Management (not named)
It's around 82 to 83%.