ALFA Finder| Management target | Revenue 17.5% FY27 |
|---|
| Revenue growth | Gross operating revenue reached 5,033 crore, supported by chemical recovery. |
|---|---|
| Margins | Packaging margins spiked to 17% due to temporary Middle East disruptions. |
| Demand visibility | Strong domestic demand for refrigerants; agro-chem showing early signs of recovery. |
| Management confidence | Confident but realistic, cautioning that Q1 film margins were exceptional. |
Growth
Operational EBITDA surged 61% and PAT 76% YoY, fueled by high utilization and inventory-driven pricing in films.
Outlook
Chemicals guidance maintained at 15-20% growth for the year despite Q1 outperformance.
Risks
Management explicitly warned of 'normalization' in packaging margins for Q2; excess Chinese capacity remains a long-term threat.
Last quarter's promises, checked
Delivered
- Specialty Chemicals Q4 pickup → delivered recovery in Q1 FY27 (= BEAT)
- Pharma intermediate plant 2 (180 cr) → commissioned/scaling (= BEAT)
- New AI launches (1 in FY26, 2 in FY27) → on track/scaling (= BEAT)
Partly delivered
- Capex guidance 2,200-2,300 cr → FY25 spend was ~1,200 cr (= PARTIAL)
Missed
- Chemicals FY26 growth 20% → management admitted falling short (= MISS)
Earnings Call Transcript filed with NSE, NSE: SRF. Summary written with AI assistance from the document.
SRF Ltd: key numbers
- Share price
- ₹2,475.00
- Market cap
- ₹73,365 Cr
- Revenue (annual)
- ₹15,787 Cr
- Net profit (annual)
- ₹1,835 Cr
- P/E (TTM)
- 32.1×Sector 35.1×
- 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.
More from SRF Ltd
All →SRF Other Announcement
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KAMA Realty (Delhi) Ltd acquired 45,141 SRF shares (0.02%) in open market. Promoter group holding increased from 1.13% to 1.15%.
- Promoter stake change
- +0.02%
SRF Other Announcement
SRF informed exchanges that its registrar, KFin Technologies, moves its corporate office to Kokapet, Telangana, effective December 1, 2026. The RTA's name, registered office and appointment are unchanged.
SRF Legal & Regulatory
SRF Ltd received a ₹0.13 Crore penalty from the State Tax Officer, Uttarakhand, for a clerical mismatch between a delivery challan and E-way bill. The company paid under protest.
- Value
- ₹0.13 Cr
SRF Earnings Call Transcript: Key Takeaways
SRF delivered robust revenue growth driven by chemical segment recovery and packaging films stability. Management remains optimistic about H2 FY27 performance despite global geopolitical and logistics headwinds.
- Call
- Guides 20% growth
SRF Investor Presentation: Key Takeaways
SRF reported strong Q2FY27 performance with revenue at ₹4,904.2 Cr, driven by high growth in Chemicals and Performance Films. Strategic shift continues toward high-value battery foil and sunrise sectors.