SRF Limited, a leading chemical-based multi-business entity engaged in industrial and specialty intermediates manufacturing, has delivered its strongest-ever quarterly performance, powered by robust growth across key business segments.
The company’s consolidated revenue jumped 32% year-on-year to Rs. 5,033 crore in Q1FY27, compared with Rs. 3,819 crore in the corresponding period last year. Operational Earnings Before Interest and Tax (EBIT) surged 61% to Rs. 1,116 crore, while Profit After Tax (PAT) rose 76% to Rs. 759 crore from Rs. 432 crore in Q1FY26.
Commenting on the performance, Chairman and Managing Director Ashish Bharat Ram said, “We have delivered an exceptional quarter across our businesses, our best-ever quarterly performance. This is a testament to the resilience of our business models and the strength of our diversified portfolio.
"Even as we navigate an uncertain global environment, we remain confident about the opportunities ahead and our long-term growth journey. While inventory gains provided some support during the quarter, the performance was fundamentally driven by the strong momentum across our businesses."
Segment snapshots:
SRF’s Chemicals Business recorded a 26% increase in revenue to Rs. 2,315 crore in Q1FY27, compared with Rs. 1,839 crore in the previous year period. Operating profit grew 27% to Rs. 638 crore from Rs. 503 crore.
The Specialty Chemicals Business delivered a steady performance despite a challenging market environment marked by shifting global pricing trends, excess capacity in China, and geopolitical uncertainties.
The Fluorochemicals Business reported strong growth, supported by higher sales of Refrigerants and Propellants, along with healthy demand for Chloromethanes and Fluoropolymers. The business continued to adapt to changing market conditions while maintaining its growth trajectory.
The Performance Films & Foil Business emerged as a key growth driver, posting a 42% rise in revenue to Rs. 2,017 crore from Rs. 1,418 crore in Q1FY26. Operating profit more than doubled, rising 149% to Rs. 350 crore from Rs. 140 crore.
The business delivered its highest-ever quarterly performance, driven by record packed production in Films and Foil. SRF strengthened its industry position through continued investments in sustainable solutions and Value-Added Products (VAPs), improving product mix, profitability, and customer engagement.
The Technical Textiles Business reported a 28% increase in segment revenue to Rs. 597 crore, compared with Rs. 467 crore in the same period last year. Operating profit surged 186% to Rs. 108 crore from Rs. 38 crore.
The segment benefited from stable demand, improved margins in Tyre Cord Fabrics, and strong domestic and export demand for Belting Fabrics, despite competitive pressure from Chinese exports.
SRF’s Other Businesses recorded an 11% increase in revenue to Rs. 105 crore, while operating profit rose 50% to Rs. 20 crore.
The Coated and Laminated Fabrics Businesses performed in line with expectations. The Coated Fabrics Business maintained its leadership position in the domestic market, sustained healthy margins, and continued to benefit from a favourable product mix of Value-Added Products.
The SRF Board approved a Rs. 250 crore investment to establish a BOPET Thick Film Line in India, featuring a Bruckner-made production line and a Kampf primary slitter.
In the Chemicals Business, the company is also undertaking multiple smaller capital expenditure projects within the Specialty Chemicals portfolio to enhance capacity and improve operational efficiencies, particularly through debottlenecking initiatives in Agrochemicals.
