Borosil Renewables Ltd. expects to maintain a 30% Ebitda margin over the next four to five years with enhanced production and a positive policy environment.Speaking to NDTV Profit, the company's Executive Chairman Pradeep Kumar Kheruka said that Ebitda seems on track to surpass the Rs 700-750 crore mark despite a muted performance in the December quarter.Borosil Renewables' Ebitda, since the beginning of Q4, has been hovering around 30%, according to Kheruka."The quarter we are in currently (Q4) is already showing signs of Ebitda going northwards of Rs 700-750 crore. We are looking at healthy Ebitda, I never make forward predictions or projections, but I would say that already with effect from January margins are about 30%," he said.Borosil Renewables reported a revenue of Rs 361.49 crore, up 9.4% from Rs 373.09 crore in the year-ago quarter. Loss widened to Rs 30.07 crore from Rs 15.89 crore in the corresponding quarter of FY24. Ebitda stood at Rs 5 crore, down sharply from Rs 24.08 crore on a year-on-year (YoY) basis. Ebitda margins in Q3 were at 1.4% from 7.3% in the year-ago quarter.When asked if a 30% Ebitda margin looks sustainable in the long run, Kheruka replied in the affirmative.According to the top executive, the company will have to do a lot of 'catching up' to sustain the Ebitda margin levels."Solar modules at the rate of 75 GW per annum and glass at the rate of about a little more than 15; we need to ramp up our production significantly. We need to have investments and more people will come into this, as we are starting 2,000 tonnes per day. Without a return on which an investor is willing to invest money, it will be a non-starter. The government has recognised that and they are supporting the industry," he explained.Mahindra Announces Prices For All BE 6, XEV 9e Variants; Nuvama Sees EV Sales Of Nearly 1 Lakh In FY27The government in Budget last year introduced a 10% basic customs duty on solar glass imports to keep a check on cheaper dumping by Chinese manufacturers. However, China reduced the free-on-board (FOB) price of its solar glass exports by 18%, lowering the cost of export for Chinese manufacturers.Kheruka believes that the recent policy shift by the government, with the introduction of reference prices to regulate cheaper imports, will benefit Indian companies."The concept of a reference price, based on today’s exchange rates, is about Rs 58,000 per tonne for glass. If the glass is imported at any price below Rs 58,000 per tonne, it is actually in dollars per tonne, then the difference between the landed price and the reference price will be the amount of duty that the imported shall have to pay," he explained.The top Executive Chairman added, "So, this is a sliding scale of duty, and the idea is to bring it up to a certain level. If the landed price is Rs 59,000 per tonne let’s say, or even Rs 58,000 per tonne, then no duty will be applicable. It caps the price at this much so the domestic industry is not impacted beyond a point."Shares of Borosil Renewable Ltd. closed 1.93% lower at Rs 541 apiece on the NSE on Friday, compared to the benchmark Nifty settling at 22,795.90, down 117.25 points, or 0.51%.Trump Tariffs Impact On Borosil? | WatchAndhra Electricity Regulator Approves Power Purchase From SECI In FY26. Read more on Business by NDTV Profit.