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SRF Limited Reports Strong Performance in Q2 and H1 FY26; PAT Surges 93%

2025-10-31

SRF, a leading chemical-based multi-business entity engaged in the manufacturing of industrial and specialty intermediates, today announced its consolidated financial results for the quarter and half year ended September 30, 2025. The company’s unaudited results were approved by the Board of Directors at its meeting held earlier today.

SRF reported a 6 per cent year-on-year increase in consolidated revenue to Rs 36.40 billion, compared to Rs 34.24 billion in the same period last year. Earnings Before Interest and Tax (EBIT) rose 56 per cent to Rs 6.50 billion, while Profit After Tax (PAT) grew 93 per cent to Rs 3.88 billion from Rs 2.01 billion in the corresponding quarter of FY25.

Commenting on the results, Ashish Bharat Ram, Chairman and Managing Director, SRF, said, “We performed well this quarter, led by our Chemicals Business. While the global environment remains uncertain, we are confident of finishing the year on a strong note.”

The Chemicals Business delivered robust growth with a 23 per cent rise in segment revenue to Rs 16.67 billion and a 96 per cent increase in operating profit to Rs 4.81 billion. The Fluorochemicals segment achieved record refrigerant sales, with positive pricing trends. During the quarter, SRF entered a strategic collaboration with The Chemours Company for certain fluoropolymer products, expected to drive future growth.

The Specialty Chemicals Business benefited from higher product volumes and new product introductions, supported by operational efficiency initiatives that expanded margins across both Fluorochemicals and Specialty Chemicals.

The Performance Films & Foil Business recorded a marginal dip in revenue to Rs 14.08 billion but achieved a 44 per cent rise in operating profit to Rs 1.19 billion. The segment maintained its leadership as India’s largest exporter of BOPET films, with improved margins in value-added products. Temporary volume adjustments followed recent GST-related market reforms, expected to yield near-term benefits.

The Technical Textiles Business saw revenue decline 11 per cent to Rs 4.74 billion and operating profit fall 41 per cent to Rs 420 million, primarily due to aggressive import pricing from China and muted demand for polyester industrial yarn.

The Other Businesses segment registered a 19 per cent drop in revenue to Rs 910 million, with operating profit declining to Rs 80 milion amid softer demand for coated and laminated fabrics.

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