Chemical

SRF posts strong Q4 FY26 with 7% revenue growth and sharp profit gains

Defers Rs. 490 crore BOPP project amid market shift

  • By ICN Bureau | May 06, 2026

SRF Limited has reported a solid set of Q4 FY26 results, delivering steady top-line growth and stronger profitability despite a volatile global environment and ongoing geopolitical uncertainty.

The diversified chemicals and industrial products company posted a 7% rise in consolidated revenue to Rs. 4,615 crore in Q4 FY26, compared with Rs. 4,313 crore in the same period last year. Operating EBIT climbed 12% to Rs. 1,011 crore, while net profit rose 11% to Rs. 582 crore.

Commenting on the performance, Chairman and Managing Director Ashish Bharat Ram said, “It was a good quarter for the Company, particularly in the context of the volatile environment in which we are operating. Exports to the Middle East were impacted during the quarter. While we remain confident about the path ahead, the prevailing geopolitical uncertainty continues to be a key concern”.

The Chemicals business saw 4% revenue growth to Rs. 2,448 crore, with EBIT rising to Rs. 783 crore, supported by stronger fluorochemicals performance driven by higher volumes and realizations in HFCs.

The Performance Films & Foils business stood out with 13% revenue growth to Rs. 1,596 crore and a sharp 47% jump in operating profit to Rs. 154 crore, powered by improved margins in BOPET and BOPP films and a stronger mix of value-added products.

The Technical Textiles segment posted 5% revenue growth to Rs. 483 crore, while operating profit surged 63% to Rs. 65 crore, reflecting improved efficiency despite a tough environment. Other businesses remained broadly stable in revenue but saw a dip in profitability.

For the full year, SRF reported 7% revenue growth to Rs. 15,787 crore, while EBIT surged 29% to Rs. 3,008 crore and PAT jumped 47% to Rs. 1,835 crore, underscoring significant margin expansion across businesses.

In a key strategic move, the Board has indefinitely deferred a Rs. 490 crore BOPP film project in Indore, citing a reassessment of market conditions in the segment.

At the same time, SRF significantly expanded its refrigerants roadmap. Its Odisha-based next-generation project has been scaled up to Rs. 2,300 crore investment, including facilities for HFO production, HF manufacturing, and derivatives, with phased execution targeted for completion by February 2028.

The Board also cleared a Rs. 88 crore expansion of HFC capacity at Dahej, which will raise total capacity to 65,000 tons per annum in line with Kigali Amendment-linked entitlements.

SRF continues to strengthen its intellectual property pipeline, with 521 patent applications filed as of March 31, 2026, including 15 during the quarter. The company has secured 156 patents globally to date.

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