SRF Q3 results: Profit up 60%, beats estimates despite labour code impact; dividend declared

SRF Ltd reported a strong set of results for the December quarter, beating CNBC-TV18’s estimates on key parameters, even as its shares slipped after the earnings announcement.

Net profit surged 59.7% year-on-year to ₹432.7 crore, compared with ₹271 crore in the same period last year, while revenue rose 6.3% to ₹3,712.5 crore.

EBITDA grew 26% to ₹780 crore, translating into a margin of 21% versus 20.9% in the same quarter last year.

The company also disclosed a ₹73.24 crore impact from the new labour

codes, which weighed on profitability. Despite this, SRF delivered a better-than-expected performance, with both revenue and earnings beating the CNBC-TV18 poll.

SRF said its specialty chemicals business saw a muted performance in the quarter, hurt by aggressive pricing from Chinese competitors. The company also flagged that deferred offtake by key customers weighed on the segment’s growth, indicating that demand remained soft despite the broader uptick in volumes.

The board declared an interim dividend of 50% (₹5 per share), payable to shareholders on or before 17 February 2026, for those on the register as of 27 January 2026.

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SRF also announced the appointment of Samir Kashyap as President and Chief Financial Officer, following approvals from the nomination, remuneration and audit committees.

Shares of SRF fell nearly 4% on the NSE after the results, reflecting a muted market reaction despite the beat, as investors assessed the labour code impact and broader sector trends.