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Revenue
₹111.36 Cr
verification pending
Revenue YoY
42%
reported change
EBITDA
₹27.09 Cr
latest reported figure
Source
bse pending
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
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). EBITDA margin expanded to 24.32%, driven by stable raw material costs, higher realizations from winter-grade fabrics, and operating leverage. The company commissioned 64 of 160 new water jet looms, adding 5 million meters of annual capacity, and is progressing on renewable energy projects (3.54 MW rooftop solar, 19.79 MW wind-solar hybrid) expected to save ₹18-20 crore annually in power costs. Management guided for gradual margin improvement and plans to double total loom capacity from 1,000 to 2,000 by March 2028 with a capex of ₹350-400 crore, funded through internal accruals and debt. Key risk: potential volatility in raw material prices if Chinese imports increase post-removal of BIS restrictions.
Colored figures show movement against the previous available record.
Guidance to track
- Management plans to increase total looms from 1,000 to 2,000 over two years, with 160 looms already initiated in Unit 4B.
- Total investment for doubling capacity estimated at ₹350-400 crore, funded through internal accruals and debt, with no equity dilution planned.
- Rooftop solar (3.54 MW) to be commissioned by Feb 2026, wind-solar hybrid (19.79 MW) by May 2026, targeting annual savings of ₹18-20 crore.
- Management expects margins to increase quarter-on-quarter from current 24.32%, aided by lower raw material costs post-removal of BIS restrictions.
Risks flagged
- Removal of BIS restrictions on Chinese raw materials in December 2025 could lead to cheaper imports, potentially pressuring domestic prices and margins.
- All four manufacturing units are located in Surat, exposing the company to region-specific risks such as local disruptions or regulatory changes.
- Doubling capacity to 2,000 looms by March 2028 requires timely commissioning and approvals; any delays could impact growth trajectory.
Key quotes
- We already have started strategy for doubling our capacity in next two years.
- Our margin profile is directly outcome of our operating discipline. We operate at scale that is currently unmeasured among the companies with a similar product focus.
- The government recently anti-dumping pro on the imported polyistered textured yan and imported polister partially yan signals policy support for the domestic manufacturers.
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