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Exceptional items includes receipt of claim amount of Rs 4.25 crore from insurance company as a full settlement of the claim with respect to loss of property due to fire at the company's warehouse situated at Bharuch.
During the quarter total expense jumped 16.46% to Rs 268.01 crore as against Rs 230.14 crore in corresponding quarter last year. Cost of raw material consumed stood at Rs 47.12 crore (up 36.98% YoY) and employee benefit expense was at Rs 30.04 crore (up 16.48% YoY).
Borosil is engaged in the business of manufacturing scientific instruments.
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