BOROSIL RENEWABLES Q3 HIGHLIGHTS Sales Growth: Revenue up 3.6% QoQ to ₹275.28 Cr, driven by 14% volume growth despite a 9% drop in selling prices. EBITDA fell to ₹20.89 Cr (vs. ₹52.88 Cr in Q2FY25), impacted by lower glass prices, freight costs, and non-routine expenses. Export Decline: Exports dropped to ₹16.02 Cr (6% of revenue) vs. ₹34.39 Cr (13%) in Q2FY25 due to weak demand and Chinese imports. Net Loss: ₹8.64 Cr loss vs. ₹12.62 Cr profit in Q2FY25 and ₹11.04 Cr loss in Q3FY24. 9MFY25 Performance: Sales up 2.6% YoY to ₹782.71 Cr. EBITDA steady at ₹103.48 Cr (vs. ₹105.81 Cr in 9MFY24). Exports Weak: Down to ₹72.84 Cr (9% of turnover) vs. ₹186.23 Cr (24%) in 9MFY24 due to Chinese competition.