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Chemical-based multi-business entity SRF Ltd on Tuesday (May 5) reported a 10.6% year-on-year rise in net profit for the fourth quarter at ₹582 crore, compared with ₹526 crore in the year-ago period. Revenue for the quarter rose 7% to ₹4,615 crore from ₹4,313 crore a year earlier.
EBITDA increased 7.1% to ₹1,026 crore in the March quarter, compared with ₹957.4 crore in the corresponding period last year. EBITDA margin remained flat at 22.2% in the fourth quarter from a year earlier.
For FY26, SRF reported a 7% rise in consolidated revenue to ₹15,787 crore from ₹14,693 crore in FY25. Operational EBIT rose 29% to ₹3,008 crore from ₹2,336 crore, while profit after tax increased 47% to ₹1,835 crore from ₹1,251 crore.
Also Read: SRF Q2 Results: Sales up 6% from last year but operating performance a miss
The chemicals business reported a 4% rise in revenue to ₹2,448 crore in the March quarter from ₹2,355 crore a year earlier, while operating profit rose 5% to ₹783 crore from ₹748 crore.
SRF said the fluorochemicals business saw robust performance on higher domestic and export volumes and better realisations in HFCs, while industrial chemicals and fluoropolymers posted steady performance.
The specialty chemicals business improved sequentially over the third quarter despite pricing pressure and deferred orders, supported by cost and efficiency measures, new product launches and progress in active ingredients.
The performance films and foil business reported a 13% increase in revenue to ₹1,596 crore from ₹1,412 crore in the year-ago quarter, while operating profit rose 47% to ₹154 crore from ₹105 crore. SRF said the business was supported by improved volumes and margins in BOPET and BOPP films and continued focus on sustainable and value-added products.
Also Read: SRF Q3 results: Profit up 60%, beats estimates despite labour code impact; dividend declared
The board approved the indefinite deferment of the proposed BOPP film manufacturing facility at Indore, Madhya Pradesh, involving a capital outlay of ₹490 crore, citing changes in the operating environment for BOPP films.
The technical textiles business reported a 5% rise in revenue to ₹483 crore from ₹458 crore, while operating profit increased 63% to ₹65 crore from ₹40 crore. SRF said the business improved sequentially over the third quarter despite a challenging environment.
The other businesses segment reported revenue of ₹89 crore in the quarter, compared with ₹87 crore a year earlier, while operating profit fell 25% to ₹9 crore from ₹12 crore. SRF said it retained domestic market leadership in coated fabrics despite the slowdown.
On capital expenditure, SRF said it has revised the scope of its new generation refrigerants project after acquiring land in Odisha, raising the planned investment to about ₹2,300 crore from ₹1,100 crore approved earlier.
Also Read: SRF flags ₹327 crore tax demand, calls it 'technical error', moves ITAT
The revised project includes a 20,000-tonne-per-annum HFO production facility, a new HF plant with 30,000 tonnes per annum capacity, value-added HF derivatives, and initial investments in land development and utilities. The project will be implemented in phases and is expected to be completed by February 2028.
The board also approved an ₹88 crore project to expand existing HFC capacity at Dahej in line with the company’s HCFC entitlements under the Kigali Amendment. The project is expected to be commissioned in the coming months, and following debottlenecking, HFC capacity will increase to 65,000 tonnes per annum.
Shares of SRF Ltd ended at ₹2,527.60, down by ₹23.80, or 0.93%, on the BSE.
EBITDA increased 7.1% to ₹1,026 crore in the March quarter, compared with ₹957.4 crore in the corresponding period last year. EBITDA margin remained flat at 22.2% in the fourth quarter from a year earlier.
For FY26, SRF reported a 7% rise in consolidated revenue to ₹15,787 crore from ₹14,693 crore in FY25. Operational EBIT rose 29% to ₹3,008 crore from ₹2,336 crore, while profit after tax increased 47% to ₹1,835 crore from ₹1,251 crore.
Also Read: SRF Q2 Results: Sales up 6% from last year but operating performance a miss
The chemicals business reported a 4% rise in revenue to ₹2,448 crore in the March quarter from ₹2,355 crore a year earlier, while operating profit rose 5% to ₹783 crore from ₹748 crore.
SRF said the fluorochemicals business saw robust performance on higher domestic and export volumes and better realisations in HFCs, while industrial chemicals and fluoropolymers posted steady performance.
The specialty chemicals business improved sequentially over the third quarter despite pricing pressure and deferred orders, supported by cost and efficiency measures, new product launches and progress in active ingredients.
The performance films and foil business reported a 13% increase in revenue to ₹1,596 crore from ₹1,412 crore in the year-ago quarter, while operating profit rose 47% to ₹154 crore from ₹105 crore. SRF said the business was supported by improved volumes and margins in BOPET and BOPP films and continued focus on sustainable and value-added products.
Also Read: SRF Q3 results: Profit up 60%, beats estimates despite labour code impact; dividend declared
The board approved the indefinite deferment of the proposed BOPP film manufacturing facility at Indore, Madhya Pradesh, involving a capital outlay of ₹490 crore, citing changes in the operating environment for BOPP films.
The technical textiles business reported a 5% rise in revenue to ₹483 crore from ₹458 crore, while operating profit increased 63% to ₹65 crore from ₹40 crore. SRF said the business improved sequentially over the third quarter despite a challenging environment.
The other businesses segment reported revenue of ₹89 crore in the quarter, compared with ₹87 crore a year earlier, while operating profit fell 25% to ₹9 crore from ₹12 crore. SRF said it retained domestic market leadership in coated fabrics despite the slowdown.
On capital expenditure, SRF said it has revised the scope of its new generation refrigerants project after acquiring land in Odisha, raising the planned investment to about ₹2,300 crore from ₹1,100 crore approved earlier.
Also Read: SRF flags ₹327 crore tax demand, calls it 'technical error', moves ITAT
The revised project includes a 20,000-tonne-per-annum HFO production facility, a new HF plant with 30,000 tonnes per annum capacity, value-added HF derivatives, and initial investments in land development and utilities. The project will be implemented in phases and is expected to be completed by February 2028.
The board also approved an ₹88 crore project to expand existing HFC capacity at Dahej in line with the company’s HCFC entitlements under the Kigali Amendment. The project is expected to be commissioned in the coming months, and following debottlenecking, HFC capacity will increase to 65,000 tonnes per annum.
Shares of SRF Ltd ended at ₹2,527.60, down by ₹23.80, or 0.93%, on the BSE.
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