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BORANA - Borana Weaves

📊 NSE: BORANA 🏢 Other Textile Products 📅 Last Updated: 11/13/2025 15:25

📢 Recent Corporate Announcements

Borana Weaves Clarifies Single Business Segment for Q3 FY26 Financial Results

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 09 Feb 2026, 01:15 PM

Borana Weaves Limited has provided a formal clarification to the NSE and BSE regarding its financial results for the quarter ended December 31, 2025. The stock exchanges had sought an explanation for the non-submission of segment-wise details as required under SEBI Regulation 33. The company clarified that it operates exclusively within a single business segment, rendering segment-wise reporting non-applicable. This response addresses the regulatory query and confirms compliance with listing obligations.

Clarification issued on February 5, 2026, regarding the quarter ended December 31, 2025
Response addresses exchange queries on SEBI Regulation 33 compliance
Company confirms it operates in a single business segment only
No changes or restatements were made to the previously reported financial figures

💡 This is a routine regulatory clarification with no impact on the company's fundamentals. Investors should focus on the overall performance of the company's primary business segment.

Borana Weaves Q3 FY26 PAT Jumps 63% YoY; Plans to Double Capacity in Two Years

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 02 Feb 2026, 01:45 PM

Borana Weaves reported a strong Q3 FY26 with revenue growing 42% YoY to ₹111.36 crores and PAT increasing 63% to ₹18.55 crores. The company is aggressively expanding, adding 160 high-speed waterjet looms with a ₹35 crore capex to generate ₹60-75 crores in incremental annual revenue. A significant shift to renewable energy is underway, aiming to cover 70-80% of power needs by May 2026, which is expected to boost margins. Management has also outlined a strategic goal to double total capacity within the next two years.

Q3 FY26 Revenue grew 42% YoY to ₹111.36 crores with EBITDA margins improving to 24.32%
9M FY26 PAT reached ₹47.40 crores, a 62% YoY increase, driven by higher capacity utilization
Investing ₹35 crores in 160 new looms to add 5 crore metres of annual capacity and ₹60-75 crores in revenue
Transitioning to 70-80% renewable energy by May 2026 through 23.33 MW of solar and wind projects
Company remains net debt-free with a focus on doubling capacity over the next two years

💡 Investors should monitor the timely commissioning of the hybrid power project in May 2026 as it will be a key driver for margin expansion. The company's aggressive expansion and net debt-free status make it a strong growth play in the synthetic textile segment.

Borana Weaves Releases Q3 FY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 27 Jan 2026, 03:37 PM

Borana Weaves Limited has made the audio recording of its Q3 and nine-month FY 2025-26 earnings conference call available to the public. The call, held on January 27, 2026, discussed the financial performance for the period ending December 31, 2025. This disclosure is in compliance with SEBI Listing Obligations and Disclosure Requirements. Investors can access the recording via the company's official website to hear management's commentary on business operations.

Earnings conference call for Q3 FY26 and 9M FY26 was conducted on January 27, 2026.
The call duration was 60 minutes, starting from 11:00 AM and concluding at 12:00 PM.
Audio recording is hosted on the company's website for investor transparency.
The company confirmed that a written transcript of the call will be submitted to exchanges shortly.
Disclosure follows Regulation 30 of the SEBI (LODR) Regulations, 2015.

💡 Investors should listen to the recording to understand management's outlook on the textile sector and specific growth drivers for Borana Weaves. Monitor for the upcoming written transcript for a detailed analysis of the Q&A session.

Borana Weaves Q3 FY26 PAT Surges 63% to ₹18.55 Cr; Revenue Up 42% YoY

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 24 Jan 2026, 03:12 PM

Borana Weaves reported a robust Q3 FY26 performance with revenue growing 42% YoY to ₹111.36 crore, driven by high capacity utilization. Profitability significantly outpaced revenue growth, with PAT jumping 63% to ₹18.55 crore as margins expanded by 214 basis points to 16.65%. The company is executing a strategic roadmap to double its manufacturing capacity over the next two years. Additionally, a transition to renewable energy for 70-80% of power requirements is underway to enhance cost efficiency and sustainability.

Q3 FY26 Revenue increased 42% YoY to ₹111.36 crore compared to ₹78.40 crore in Q3 FY25.
PAT for the quarter grew by 63% YoY to ₹18.55 crore with PAT margins improving to 16.65%.
EBITDA rose 51% YoY to ₹27.09 crore, with margins expanding to 24.32% due to operating leverage.
9M FY26 PAT stands at ₹47.40 crore, a 62% increase over the previous year's nine-month period.
Company aims to double capacity within two years and transition 70-80% of power to renewable sources.

💡 Investors should view these results positively as they demonstrate strong operational leverage and aggressive growth targets. Monitor the timely commissioning of new water jet looms and the impact of renewable energy projects on long-term margins.

Borana Weaves Q3 FY26 Revenue Grows 42% YoY to ₹111.4 Cr; EBITDA Margins Rise to 24.3%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 24 Jan 2026, 03:05 PM

Borana Weaves Limited reported a robust performance for Q3 FY26, with revenue from operations increasing 42% YoY to ₹111.36 crore. EBITDA saw a significant jump of 51% YoY to ₹27.09 crore, reflecting strong operating leverage as margins expanded to 24.3%. The company is currently scaling its Unit 4B, where 64 out of 160 proposed high-speed water jet looms are now operational. Management has set an ambitious target to double capacity over the next two years while transitioning up to 80% of power requirements to renewable energy to optimize costs.

Revenue from operations grew 42% YoY to ₹111.36 crore in Q3 FY26 compared to ₹78.40 crore in Q3 FY25.
EBITDA increased 51% YoY to ₹27.09 crore, with EBITDA margins expanding to 24.3%.
Unit 4B is partially commissioned with 64 water jet looms operational; the remaining 96 looms are in transit.
Greige fabric remains the dominant business segment, contributing 91% of total revenue in 9M FY26.
Company plans to transition 70-80% of power requirements to solar and hybrid renewable energy projects.

💡 Investors should focus on the execution of the remaining capacity expansion in Unit 4B and the potential margin improvement from the shift to renewable energy. The company's strong revenue growth and high capacity utilization (averaging ~81% in FY25) suggest a positive growth trajectory.

Borana Weaves Q3 Net Profit Rises 12% QoQ to ₹18.69 Cr; Commences New Loom Production

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 22 Jan 2026, 05:40 PM

Borana Weaves Limited reported a strong Q3 FY26 with revenue from operations reaching ₹112.86 crore, an 18% increase over the previous quarter. Net profit grew to ₹18.69 crore, supported by the commencement of 64 new Water Jet looms at Unit 4B as part of a larger 160-loom expansion. The company is aggressively pursuing cost optimization through 23.3 MW of new solar and wind hybrid power projects. To fund these initiatives and scale operations, the board has approved ₹40 crore in new term loans and a ₹20 crore enhancement in working capital limits.

Revenue from operations grew 18.2% QoQ to ₹11,286.47 lakhs in Q3 FY26.
Net Profit (PAT) for the quarter stood at ₹1,868.79 lakhs compared to ₹1,664.14 lakhs in Q2 FY26.
Commenced production of 64 Water Jet looms on January 20, 2026, with 96 more in transit.
Awarded contracts for a 19.79 MW Solar-Wind Hybrid project and a 3.545 MW Rooftop Solar project.
Approved ₹40 crore term loan for energy projects and increased working capital limits to ₹45.50 crore.

💡 Investors should view the simultaneous growth in revenue and capacity expansion as a strong positive signal. Monitor the timely commissioning of the remaining 96 looms and the impact of the new renewable energy projects on long-term operating margins.

Borana Weaves to Host Maiden Earnings Call for Q3 & 9MFY26 on January 27, 2026

🔵 WATCH ⭐ 4/10

EARNINGS 📅 20 Jan 2026, 06:58 PM

Borana Weaves Limited has scheduled its first-ever earnings conference call to discuss financial and operational performance for the third quarter and nine months ended FY 2025-26. The call is set for January 27, 2026, at 11:00 AM IST and will feature key management including the CFO. This maiden call is a significant step toward corporate transparency and investor engagement. Investors will have the opportunity to hear directly from leadership regarding the company's growth trajectory and textile sector performance.

Maiden earnings conference call scheduled for January 27, 2026, at 11:00 AM IST.
Discussion will cover operational and financial performance for Q3 and 9MFY26.
Management representation includes Executive Director & CFO Mr. Rajkumar Borana.
Primary access numbers for the call are +91 22 6280 1102 and +91 22 7115 8003.

💡 Investors should participate in the call or review the subsequent transcript to assess management's commentary on margin trends and future growth outlook. This being the maiden call, it is a key opportunity to evaluate management's communication style and strategic clarity.

Borana Weaves to Host Maiden Q3 & 9MFY26 Earnings Call on January 27, 2026

🔵 WATCH ⭐ 4/10

EARNINGS 📅 20 Jan 2026, 05:56 PM

Borana Weaves Limited has announced its maiden earnings conference call scheduled for January 27, 2026, at 11:00 AM. The call will cover the company's financial and operational performance for the third quarter and the first nine months of FY 2025-26. This inaugural call signifies a move towards increased corporate transparency and investor engagement. Key management, including the CFO, will be present to address queries regarding the company's business trajectory.

First-ever earnings conference call scheduled for January 27, 2026, at 11:00 AM IST
Focus on Q3 and 9M FY 2025-26 financial and operational performance
Management presence includes Mr. Rajkumar Borana, Executive Director and CFO
International toll-free access provided for USA, UK, Singapore, and Hong Kong investors

💡 Investors should participate in the maiden call to understand the company's growth strategy and margin sustainability. Monitor management's outlook on the textile sector and raw material price volatility.

Borana Weaves Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Jan 2026, 01:51 PM

Borana Weaves Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by the company's Registrar and Share Transfer Agent, KFin Technologies Limited, covers the period ending December 31, 2025. It confirms that no dematerialization or rematerialization requests were processed during the quarter. This filing is a standard regulatory requirement for listed companies to ensure the integrity of shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025.
Issued by Registrar and Share Transfer Agent (RTA) KFin Technologies Limited.
Confirms that zero Demat or Remat requests were processed during the three-month period.
Official submission made to both NSE and BSE on January 15, 2026.

💡 No action is required from investors as this is a routine administrative filing confirming the company's adherence to SEBI depository regulations.

Borana Weaves Announces ₹1 Crore Strategic Investment in Attero Recycling

🟢 POSITIVE ⭐ 6/10

M&A 📅 03 Jan 2026, 02:57 PM

Borana Weaves Limited has approved a strategic cash investment of ₹1 crore in Attero Recycling Private Limited. Attero is a specialized player in the E-waste and Lithium-ion Battery recycling industry, representing a diversification for Borana. The board approved the transaction on January 3, 2026, and it is confirmed as a non-related party transaction. The final shareholding percentage will be determined upon the completion of the investment process.

Strategic investment of ₹1,00,00,000 (₹1 Crore) in Attero Recycling Private Limited.
Target company operates in the high-growth E-waste and Lithium-ion Battery recycling sector.
The investment is a cash transaction with no promoter or promoter group interest.
The board meeting concluded on January 3, 2026, with immediate approval for the deal.

💡 Investors should monitor how this strategic entry into the recycling sector complements Borana's core business. Evaluate the equity stake once finalized to understand the valuation at which the investment was made.

Borana Weaves to Close Trading Window from Jan 1, 2026, for Q3 FY26 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Dec 2025, 12:34 PM

Borana Weaves Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This mandatory regulatory step is taken ahead of the declaration of the company's unaudited financial results for the quarter and nine months ending December 31, 2025. The trading window will remain closed until 48 hours after the financial results are officially declared. The specific date for the board meeting to approve these results is yet to be announced.

Trading window closure effective from January 1, 2026, for all insiders and designated persons.
Closure is related to the upcoming financial results for the period ending December 31, 2025.
The window will reopen 48 hours after the public announcement of the results.
Compliance is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 This is a routine regulatory filing with no direct impact on stock fundamentals. Investors should monitor for the upcoming board meeting date to review the company's Q3 performance.

Borana Weaves Clarifies Single Segment Operations for Q1 FY26 Results

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 24 Dec 2025, 02:21 PM

Borana Weaves Limited has responded to a clarification sought by the National Stock Exchange regarding its financial results for the quarter ended June 30, 2025. The exchange had noted the absence of segment-wise reporting in the initial submission under Regulation 33 of SEBI LODR. The company clarified that it operates exclusively in the Textiles business segment. As a result, separate segment reporting is not applicable to their financial disclosures.

NSE sought clarification regarding missing segment details for the quarter ended June 30, 2025.
Company confirmed it operates exclusively in a single business segment: Textiles.
Clarification issued to comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The response was officially filed and signed by Executive Director Ankur Mangilal Borana on November 20, 2025.

💡 This is a routine administrative clarification with no impact on the company's financial health or business operations. No action is required from investors.

Borana Weaves Clarifies FY25 Financial Submission Deficiencies to NSE

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 17 Dec 2025, 11:21 AM

Borana Weaves Limited has provided a formal response to the National Stock Exchange (NSE) regarding deficiencies observed in its FY25 financial results submission. The company clarified that separate segment reporting was not provided because it operates exclusively in a single business segment, Textiles. Furthermore, it confirmed that the financial statements were signed by authorized Executive Directors. The company also reaffirmed that its statutory auditors issued an unmodified opinion for the year ended March 31, 2025.

Clarified that segment reporting is not applicable as the company operates only in the Textiles segment
Confirmed that FY25 financial results were duly signed by authorized Executive Directors
Statutory auditors M/s. KSA & Co. issued an unmodified opinion on the financial results for the year ended March 31, 2025
Appointed M/s. Vaghela Kishor & Co. as Cost Auditors and M/s. Vora Vora & Associates as Internal Auditors for FY25-26

💡 This is a procedural regulatory clarification and does not impact the company's financial fundamentals. Investors should continue to focus on the company's operational performance in the textile sector.

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💰 Financial Performance

Revenue Growth by Segment

The company achieved a 46% YoY growth in operational revenue, reaching INR 290.31 Cr in FY25 compared to INR 199.06 Cr in FY24. For H1FY26, revenue grew 33% YoY to INR 176.50 Cr, driven by high capacity utilization in Unit 1 and Unit 3.

Geographic Revenue Split

Not disclosed in available documents, though the company operates primarily from Surat, Gujarat, and serves both domestic and international markets.

Profitability Margins

Gross Profit Margin improved from 38.5% in FY24 to 38.8% in FY25, and further to 39.5% in H1FY26. PAT Margin increased from 11.85% in FY24 to 13.85% in FY25 (a 200 bps expansion) and reached 16.35% in H1FY26 due to better cost control and vertical integration.

EBITDA Margin

EBITDA Margin stood at 21.76% in FY25, up 108 bps from 20.68% in FY24. Core profitability is supported by backward integration which allows for greater control over yarn-to-fabric margins.

Capital Expenditure

Planned setup of a new manufacturing facility (Unit 4) in Surat with a fund allocation of INR 71.35 Cr from IPO proceeds to increase production of unbleached synthetic grey fabric.

Credit Rating & Borrowing

Overall gearing improved significantly from 1.48x in FY24 to 0.69x in FY25, and further to 0.18x in H1FY26. Interest coverage ratio increased from 9.81x in FY24 to 23.30x in H1FY26, indicating a substantial reduction in borrowing risk.

⚙️ Operational Drivers

Raw Materials

Key raw materials include Partially Oriented Yarn (POY), cotton, and synthetic fibers. COGS represented 61.2% of total revenue in FY25 (INR 177.74 Cr).

Import Sources

Sourced primarily from the Surat textile cluster; specific international import countries are not disclosed.

Key Suppliers

Specific suppliers include R & B Denims Ltd (POY purchase) and RB Industries (POY purchase), both of which are related parties.

Capacity Expansion

Currently operates 3 units in Surat with 700+ high-tech water jet looms. Unit 4 is planned to expand capacity specifically for technical fabrics and unbleached synthetic grey fabric.

Raw Material Costs

Raw material costs (COGS) were INR 177.74 Cr in FY25, up from INR 122.48 Cr in FY24. The company uses backward integration into yarn texturizing to mitigate price volatility.

Manufacturing Efficiency

Reported high capacity utilization in Unit 1 and Unit 3, with room for optimization in Unit 2. Zero stock-in-trade purchases reflect 100% in-house manufacturing strength.

📈 Strategic Growth

Expected Growth Rate

33%

Growth Strategy

Growth will be achieved through the commissioning of Unit 4 (INR 71.35 Cr investment) for technical fabrics, increasing spinning capacity to meet yarn demand, and expanding weaving capabilities with automated air-jet and water-jet looms.

Products & Services

Texturized yarn, polyester grey fabric, unbleached synthetic grey fabric, and technical fabrics.

Brand Portfolio

Borana, Borana Filaments, and associated group entity R&B Denims.

New Products/Services

Entry into technical fabrics via Unit 4 and air-jet weaving for cotton and viscose fabrics (commenced 2024-25).

Market Expansion

Exploring international export markets with a focus on quality and timely delivery to fashion and industrial segments.

Strategic Alliances

Maintains strong related-party synergies with R & B Denims Ltd and Borana Industries LLP for job work and raw material sourcing.

🌍 External Factors

Industry Trends

The Indian textile industry is valued at USD 170 billion as of FY25, with a shift toward technical fabrics and sustainable, water-efficient production processes.

Competitive Landscape

Competes with traditional textile belts in India; differentiation is achieved through automation and in-house manufacturing (zero stock-in-trade).

Competitive Moat

Moat is built on vertical integration (backward integration into yarn) and a large-scale installation of 700+ high-tech water jet looms, which provides a cost leadership advantage over traditional weavers.

Macro Economic Sensitivity

The textile industry contributes 2.3% to India's GDP and 13% to industrial production, making the company sensitive to national industrial growth trends.

Consumer Behavior

Increasing demand for sustainable textiles and high-quality woven fabrics for fashion and home decor.

Geopolitical Risks

Geopolitical uncertainties and trade barriers in key export markets are identified as significant threats to the 2030 export target of USD 100 billion.