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Earnings Call

SRF Earnings Call: Key Takeaways

SRF delivered its second-best performance ever despite geopolitical headwinds. High growth in Fluorochemicals was partially offset by pricing pressure in Specialty Chemicals due to Chinese competition and forex losses on long-term hedges.

Why this was an Alfa AlertNot a filter event. Results were strong but did not explicitly beat a prior guidance range by over 5%.
Highlights
Revenue growthRevenue up 7% YoY; Chemicals segment leading with 16% growth.
MarginsPackaging margins bottoming; Chemicals resilient despite Chinese pricing pressure.
Demand visibilityStrong for HFCs; demand recovery signs in Packaging across geographies.
Management confidenceBalanced; optimistic on long-term tech but cautious on near-term geopolitics.

Growth

Revenue grew 7% to ₹15,787cr; PAT rose 47% to ₹1,835cr. Quality was mixed as chemicals thrived while packaging margins bottomed out.

Outlook

₹2,300cr investment in Dahej/Odisha for next-gen gases. Chemicals guidance set at 15-20% growth for FY27.

Risks

Persistent Chinese dumping in Specialty Chemicals and Middle East disruptions affecting HFC exports. Sustained rupee depreciation causes mark-to-market forex losses.

Source

Earnings Call filed with NSE, NSE: SRF. Summary written with AI assistance from the document.

Read the document ↗

SRF Ltd: key numbers

Share price
₹2,510.60
Market cap
₹74,420 Cr
Revenue (annual)
₹15,787 Cr
Net profit (annual)
₹1,835 Cr
P/E (TTM)
32.6×Sector 35.5×
Promoter holding
50.26%+0.00% QoQ
FII holding
15.20%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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