SRF Limited announced strong Q2 FY26 results, with revenue increasing by 6% to ₹3,640 crore. Profit after Tax (PAT) surged by 93% to ₹388 crore. The Chemicals Business was a key growth driver, with significant revenue and profit increases. The company remains confident about its performance for the rest of the year despite a uncertain global environment. A strategic fluoropolymer collaboration with The Chemours Company was entered during the quarter.
Financial Performance Overview
SRF Limited reported a 6% increase in consolidated revenue for Q2 FY26, reaching ₹3,640 crore, up from ₹3,424 crore in the corresponding period last year (CPLY). Earnings before Interest and Tax (EBIT) increased significantly by 56% to ₹650 crore. The company’s Profit after Tax (PAT) demonstrated substantial growth of 93%, reaching ₹388 crore compared to ₹201 crore in CPLY.
Segment Highlights
The Chemicals Business saw a 23% increase in revenue, from ₹1,358 crore to ₹1,667 crore. Operating profit surged by 96%, from ₹246 crore to ₹481 crore. The Fluorochemicals Business reported record sales. A strategic collaboration with The Chemours Company regarding certain fluoropolymers was also entered.
The Performance Films & Foil Business experienced a slight revenue decline to ₹1,408 crore. However, operating profit increased significantly by 44%, reaching ₹119 crore. The business also maintained its status as leading exporter of BOPET films in India.
The Technical Textiles Business experienced an 11% decrease in revenue to ₹474 crore. The operating profit decreased by 41% to ₹42 crore. This was primarily due to aggressive import pricing and low demand.
The Other Businesses reported a 19% decrease in revenue to ₹91 crore. Operating profit decreased by 56% to ₹8 crore.
H1 FY26 Performance
In the first six months of FY26, SRF’s revenue increased by 8% to ₹7,459 crore. The company’s PAT increased by 81% to ₹820 crore.
Capex Revision
The Board has revised the previously sanctioned capital expenditure from ₹595 crore to ₹745 crore, related to the strategic collaboration with The Chemours Company. The project’s final phase is expected to be completed by December 2026.
Key Personnel Change
Rahul Jain, SRF Limited’s President and Chief Financial Officer, will step down on December 12, 2025, to pursue other professional opportunities.
Source: BSE
