Gurugram, January 29, 2025 – SRF Limited, a diversified chemicals and industrial manufacturing company, has announced its consolidated financial results for the third quarter of FY25, showing a 14% year-over-year (YoY) increase in revenue and a 7% rise in net profit.
Key Financial Highlights (Q3 FY25 vs Q3 FY24)
- Revenue from Operations: ₹3,491 crore, up from ₹3,053 crore (+14%)
- Earnings Before Interest and Tax (EBIT): ₹529 crore, up from ₹457 crore (+16%)
- Profit After Tax (PAT): ₹271 crore, up from ₹253 crore (+7%)
- Earnings Per Share (EPS): Not explicitly stated in the release
- Second Interim Dividend: ₹3.60 per share, matching the first interim dividend declared in July 2024
Segment-Wise Performance
Chemicals Business
- Revenue grew 7% to ₹1,496 crore (Q3 FY24: ₹1,394 crore)
- Operating profit rose 13% to ₹364 crore (Q3 FY24: ₹322 crore)
- Specialty Chemicals saw demand recovery, while Fluorochemicals benefited from strong domestic refrigerant sales
Packaging Films Business
- Revenue surged 27% to ₹1,385 crore (Q3 FY24: ₹1,091 crore)
- Operating profit doubled to ₹90 crore (Q3 FY24: ₹45 crore)
- Aluminum Foil segment faced margin pressure due to lower-cost imports from China and Thailand
Technical Textiles Business
- Revenue increased 11% to ₹510 crore (Q3 FY24: ₹458 crore)
- Operating profit declined 14% to ₹59 crore (Q3 FY24: ₹69 crore)
- The belting Fabrics segment struggled with lower demand, while Polyester Industrial Yarn saw full-capacity utilization
Other Businesses
- Revenue declined 11% to ₹101 crore (Q3 FY24: ₹114 crore)
- Operating profit fell 26% to ₹16 crore (Q3 FY24: ₹21 crore)
- Weak domestic demand affected the Coated Fabrics segment
Nine-Month Performance (9M FY25 vs 9M FY24)
- Revenue: ₹10,380 crore (+8%)
- Profit After Tax (PAT): ₹725 crore (-21%)
- The profit decline was attributed to currency fluctuations and cost pressures
Innovation & Sustainability
- 469 patents filed, with 151 patents granted globally
- EcoVadis Bronze Medal for sustainability efforts
- Recognized among the Top 25 industries for waste minimization and management
Outlook & Future Strategy
Chairman and Managing Director Ashish Bharat Ram remains optimistic, citing a robust order book and strong sectoral demand. However, he acknowledged commodity price volatility and forex fluctuations as potential risks. The company is focused on operational efficiency, R&D investments, and sustainability initiatives to drive long-term growth.SRF Limited continues positioning itself as a leader in specialty chemicals, packaging, and technical textiles, maintaining a strong financial outlook for FY25.