SRF Limited has announced consolidated revenue of the company grew 36% from Rs. 2,608 crore to Rs. 3,549 crore in Q4 FY22 when compared with Corresponding Period Last Year (CPLY).
The company’s Earnings before Interest and Tax (EBIT) increased 52% from Rs. 575 crore to Rs. 876 crore in Q4 FY22 when compared with CPLY. The company’s Profit after Tax (PAT) increased 59% from Rs. 381 crore to Rs. 606 crore in Q4 FY22 when compared with CPLY.
Commenting on the results, Chairman & Managing Director, Ashish Bharat Ram said, “We are closing FY22 on a strong note, with significant growth witnessed in our Chemicals Business and our other businesses too. With a strong Capex pipeline and our emphasis on enhancing our capabilities, I remain optimistic of our continued success in the future.”
The Chemicals Business reported an increase of 36% in its segment revenue from Rs. 1,153 crore to Rs. 1,572 crore during Q4 FY22 over CPLY. The operating profit of the Chemicals Business increased 83% from Rs. 275 crore to Rs. 504 crore in Q4 FY22 over CPLY.
During the quarter, the Fluorochemicals Business performed very well on account of higher sales realizations from the refrigerants and chloromethanes segments, in both the domestic and exports markets. We believe that this trend is likely to continue.
Furthermore, strong demand for flagship products and downstream derivatives augured well for the Specialty Chemicals Business. Continued focus on cost reduction initiatives through process- improvement and optimization of asset utilization in both segments of the Chemicals Business contributed to the overall growth.
The Packaging Films Business reported an increase of 42% in its segment revenue from Rs. 980 crore to Rs. 1,390 crore during Q4 FY22 when compared with CPLY. The operating profit of the Packaging Films Business increased 26% from Rs. 219 crore to Rs. 276 crore in Q4 FY22 over CPLY.
The demand for both BOPET and BOPP films remained buoyant. The Business performed exceedingly well in the overseas markets, and we gained from higher volumes from our recent capitalizations of the BOPET plant in Hungary and BOPP plant in Thailand.
The Technical Textiles Business reported an increase of 24% in its segment revenue from Rs. 401 crore to Rs. 497 crore during Q4 FY22 over CPLY. The operating profit of the Technical Textiles Business increased 26% from Rs. 73 crore to Rs. 91 crore in Q4 FY22 over CPLY.
The Business witnessed significant growth in the Belting Fabrics and the Polyester Industrial Yarn segments, partially offsetting the weak demand for Nylon Tyre Cord Fabrics during the quarter.
The Other Businesses reported an increase of 20% in its segment revenue from Rs. 78 crore to Rs. 93 crore in Q4 FY22 when compared with CPLY. The operating profit of the Other Businesses decreased 53% from Rs. 9 crore to Rs. 4 crore in Q4 FY22 over CPLY. Despite a difficult external environment, both Coated and Laminated Fabrics Businesses performed in line with expectations.
In FY22, SRF’s consolidated revenue increased 48% from Rs. 8,400 crore to Rs. 12,434 crore over CPLY. The company’s EBIT increased 55% from Rs. 1,828 crore to Rs. 2,835 crore over CPLY. The company’s PAT increased 58% from Rs. 1,198 crore to Rs. 1,889 crore over CPLY.
