SRF Limited, a leading player in India’s chemical manufacturing industry, has reported robust financial results for the second quarter and first half of FY26, showcasing impressive growth across key business segments despite a challenging global environment.
Q2 FY26 Highlights
For the quarter ended September 2025, SRF Limited’s consolidated revenue rose 6% year-on-year to ₹3,640 crore, compared to ₹3,424 crore in the same period last year. The company’s EBIT jumped 56% to ₹650 crore from ₹417 crore, while Profit After Tax (PAT) surged 93%, reaching ₹388 crore versus ₹201 crore a year earlier.
The strong performance was primarily driven by the Chemicals Business, which reported a 23% rise in revenue to ₹1,667 crore and a 96% increase in operating profit to ₹481 crore. The Fluorochemicals division achieved record refrigerant sales and entered a strategic collaboration with The Chemours Company for fluoropolymers, setting the stage for future growth. The Specialty Chemicals segment also performed well, benefitting from higher volumes, new product introductions, and improved margins.
Segmental Performance
- Performance Films & Foil Business: Revenue slightly dipped to ₹1,408 crore from ₹1,421 crore, but operating profit rose 44% to ₹119 crore, supported by strong demand for value-added products.
- Technical Textiles Business: This segment faced headwinds with an 11% drop in revenue and a 41% fall in operating profit, mainly due to pricing pressure from Chinese imports and weak demand for Polyester Industrial Yarn.
H1 FY26 Performance
For the first half of FY26, SRF’s revenue grew 8% year-on-year to ₹7,459 crore, while PAT increased 81% to ₹820 crore.
The company also revised its capital expenditure plan upward—from ₹595 crore to ₹745 crore—to support its partnership with The Chemours Company for the production of fluoropolymers and fluoroelastomers, a project scheduled for completion by December 2026.
Leadership Update
SRF’s President and CFO, Rahul Jain, will step down on December 12, 2025, to pursue other opportunities. The company is currently identifying his successor to ensure a seamless transition.
Innovation and Recognition
As of September 30, 2025, SRF has filed 501 patents and obtained 153 patents globally, reflecting its focus on innovation. The company was also recognized as a ‘Supply Chain Planning Champion’ and ‘Supply Chain Champion – Diversified Sector’ at the ISCM Supply Chain Ranking 2025, highlighting its operational excellence.
Commenting on the performance, Chairman and Managing Director Ashish Bharat Ram said,
“We performed well this quarter, led by our Chemicals Business. While the global environment remains uncertain, we are confident of a strong finish to the year.”
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own research or consult financial professionals before making investment decisions.
