Shares of BorosilLtd plunged as much as 18% on Tuesday, February 18 to ₹282.65 apiece, posting the sharpest single-day decline on record. The shares snapped a three-day winning streak. However, the shares trimmed losses later in the session. At 3:15 pm, the shares of the company were trading 8% lower near the ₹315 apiece mark.
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The stock closed at ₹344.80 on February 17 before today’s drop.
Over the past month, the stock has dropped 19.37%, and its year-to-date losses now stand at 24.7%. Borosil touched a 52-week low of ₹285.25 on June 4, 2024, before scaling to a high of ₹515.90 on November 6, 2024.
The decline comes after the company’s third-quarter earnings report for FY25, released on February 7. Revenue saw 11.3% year-on-year growth, reaching ₹338 crore compared to ₹303.8 crore in the same period last year. However, net profit slipped 6.4% to ₹35.5 crore from ₹37.3 crore due to rising cost pressures. EBITDA also fell 6.4% to ₹54.3 crore, though the EBITDA margin improved to 16.1% from 10.1%.
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