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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
₹2,540.00
Market cap
₹75,292 Cr
Revenue (annual)
₹15,787 Cr
Net profit (annual)
₹1,835 Cr
P/E (TTM)
34.8×Sector 37.5×
Promoter holding
50.26%+0.00% QoQ
FII holding
15.45%Current quarter

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

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18:41 IST NSE
Promoter Buying (Off-Market)

SRF Promoter Buying (Off-Market): ₹809.6 Cr

KAMA Realty (Delhi) acquired 32,00,000 shares (1.08% stake) of SRF Limited from KAMA Holdings via an off-market inter-se transfer for ₹809.64 Crore.

Value
₹809.6 Cr
Promoter stake change
+1.08%
19:02 IST NSE
Management Change

SRF Management Change

SRF Limited announced the resignation of Ms. Geeta Shamrao Jadhav from her position as President & CHRO, effective from the close of business hours on September 23, 2026.

11:30 IST BSE
Capital Structure Change

SRF Capital Structure Change

Kama Realty (Delhi) Ltd & PACs filed a SAST Reg 29(2) disclosure regarding SRF Ltd shares. The filing contains no transaction details or monetary value.

14:46 IST BSE
Promoter Buying (Off-Market)

SRF Promoter Buying (Off-Market)

Kama Realty (Delhi) Limited, a promoter group entity, acquired 10,00,000 equity shares of SRF Limited through an off-market inter-se transfer.

Promoter stake change
+0.34%
14:20 IST BSE
Promoter Selling (Off-Market)

SRF Promoter Selling (Off-Market)

KAMA Holdings Limited sold 10,00,000 shares of SRF Ltd via an inter-se off-market transfer. The transaction resulted in a 0.33% reduction in the seller's stake.

Promoter stake change
-0.33%
08:42 IST BSE
Promoter Buying (Off-Market)

SRF Promoter Buying (Off-Market)

KAMA Realty proposes an off-market inter-se transfer acquisition of 32,00,000 SRF Ltd shares (1.08% stake) from KAMA Holdings Limited. This transaction involves promoter group entities.

Promoter stake change
+1.08%