SRF Limited, a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates, Q3 FY25 consolidated revenue of the company increased 14% from Rs. 3,053 crore to Rs. 3,491 crore in Q3FY25 when compared with Corresponding Period Last Year (CPLY).

The company’s Earnings before Interest and Tax (EBIT) increased 16% from Rs. 457 crore to Rs. 529 crore in Q3 FY25 when compared with CPLY. The company’s Profit after Tax (PAT) increased 7% from Rs. 253 crore to Rs. 271 crore in Q3 FY25 when compared with CPLY.

Commenting on the results, Chairman and Managing Director, Ashish Bharat Ram said, “We have seen a decent recovery this quarter. Building on the momentum, we expect to finish the year on a reasonably strong footing.”

The Board approved a second interim dividend of Rs. 3.60 per share. Previously, on July 23, 2024, the Board had approved the first interim dividend at the same rate of Rs. 3.60 per share.

The Chemicals Business reported an increase of 7% in its segment revenue from Rs. 1,394 crore to Rs. 1,496 crore during Q3FY25 over CPLY. The operating profit of the Chemicals Business increased 13% from Rs. 322 crore to Rs. 364 crore in Q3 FY25 over CPLY. During the quarter, the Specialty Chemicals Business continued to experience some overhang of inventory buildup among agrochemical customers. However, there appears to be a gradual increase in demand. The Fluorochemicals Business received strong support for refrigerants from OEMs in the domestic market. The Chloromethanes segment also maintained stable performance during the quarter.

The Packaging Films Business reported an increase of 27% in its segment revenue from Rs. 1,091 crore to Rs. 1,385 crore during Q3 FY25 when compared with CPLY. The operating profit of the Packaging Films Business increased 100% from Rs. 45 crore to Rs. 90 crore in Q3 FY25 over CPLY. During the quarter, the Packaging Films Business demonstrated satisfactory performance. SRF maintained a strong position within the industry, although margins in Aluminium Foil experienced pressure due to lower-cost imports from China and Thailand.

The Technical Textiles Business reported an increase of 11% in its segment revenue from Rs. 458 crore to Rs. 510 crore during Q3 FY25 over CPLY. The operating profit of the Technical Textiles Business decreased 14% from Rs. 69 crore to Rs. 59 crore in Q3FY25 over CPLY. This quarter, the Technical Textiles Business underperformed due to lower demand and margins in the Belting Fabrics segment. On the positive side, the Polyester Industrial Yarn segment reached full capacity utilization.

The Other Businesses reported a decline of 11% in its segment revenue from ₹114 crore to ₹101 crore in Q3 FY25 when compared with CPLY. The operating profit of the Other Businesses decreased 26% from Rs. 21 crore to Rs. 16 crore in Q3FY25 over CPLY. During the quarter, the Coated Fabrics segment experienced slower performance due to weak demand in the domestic market.

The Laminated Fabrics segment performed in line with expectations. The quarter experienced significant strength of the dollar against major currency pairs, which negatively affected the results due to exchange currency fluctuations. On the other hand, a weaker rupee is favorable for the company over the long term.