Borosil's consolidated net profit jumped 15.2% to Rs 25.26 crore on a 26.7% surge in net sales to Rs 260.09 crore in Q3 December 2021 over Q3 December 2020.
Consolidated profit before tax (PBT) rose 23% to Rs 37.96 crore in Q3 FY22 from Rs 30.87 crore in Q3 FY21.
The board of the company on 7 February 2022, considered and approved a draft of composite scheme of arrangement amongst Borosil (demerged company), Klass Pack (resulting company or transferee company) and Borosil Technologies (transferor company) with their respective shareholders and creditors.
Borosil is a supplier of laboratory glassware, microwaveable kitchenware and opal ware in India. It sells and markets microwavable and flameproof kitchenware and glass tumblers through more than 15,000 retail outlets, and has three manufacturing facilities. The company conducts its operations in two business segments - namely, scientific & industrial products and consumer products.
Shares of Borosil dropped 3.33% to Rs 382.80 on BSE.
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