Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

SRF Limited Announces Q1FY21 Financial Results

Posted On: 2020-07-30 03:10:57

SRF Limited, a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates today announced its consolidated financial results for the first quarter ended June 30, 2020. The Company's unaudited results were approved by the board of directors in a meeting held today via video conferencing.

Consolidated Q1FY21 Financials

The consolidated revenue of the company decreased 12% from ₹1,763 crore to ₹1,545 crore in Q1FY21 when compared with Corresponding Period Last Year (CPLY). The Company's Earnings before Interest and Tax (EBIT) increased 1% from ₹291 crore to ₹295 crore in Q1FY21 when compared with CPLY. The Company's Profit after Tax (PAT) rose 1% from ₹175 crore to ₹177 crore in Q1FY21 when compared with CPLY. While the disruption in operations due to the COVID-19 related nationwide lockdown weighed on the overall performance, the company demonstrated agility in the expeditious resumption of manufacturing, keeping all safety measures into consideration as well as the supply chain and distribution operations to support the customer requirements efficiently.

Commenting on the results, Managing Director, Ashish Bharat Ram said, "I am proud of what we have been able to achieve this quarter. Every Business had to deal with unique challenges but found ways of delivering results. The Packaging Films Business was very quick to adapt to the environment and performed exceedingly well. I remain cautiously optimistic of a healthy performance going forward."

Consolidated Q1FY21 Segment Results

The Chemicals Business reported an increase of 17% in its segment revenue from ₹603 crore to ₹705 crore during Q1FY21 over CPLY. The operating profit of the Chemicals Business rose 13% from ₹79 crore to ₹89 crore in Q1FY21 over CPLY. The Specialty Chemicals Business reported a robust performance due to improved margins, better plant efficiencies and a positive sales offtake, despite logistical challenges faced during the nationwide lockdown. Sales of the Fluorochemicals Business was adversely impacted during the quarter due to COVID-19 related concerns. Significant impact in the white goods and automobiles sales during the quarter had a large impact on the refrigerant gases business segment.

The Packaging Films Business reported a decrease of 3% in its segment revenue from ₹702 crore to ₹677 crore during Q1FY21 when compared with CPLY. The operating profit of the Packaging Films Business increased by 52% from ₹146 crore to ₹221 crore in Q1FY21 over CPLY. The Packaging Films Business performed exceedingly well during the quarter with most of the plants performing optimally as this segment belongs to the essential goods value chain. Margins expanded due to the demand-supply gap, resulting in higher value realizations across all Indian and international operations. Further, our sustained focus on the sales of Value-Added Products contributed significantly to the overall performance.

The Technical Textiles Business reported a decrease of 63% in its segment revenue from ₹382 crore to ₹140 crore during Q1FY21 over CPLY. The operating profit of the Technical Textiles Business was significantly impacted resulting a de-growth from ₹57 crore to a negative of ₹14 crore in Q1FY21 over CPLY. COVID-19 pandemic impacted the Technical Textiles Business the most resulting in a complete shutdown of all its manufacturing facilities across the country. Further, the Business was impacted due to a significant slowdown in demand from the tyre majors. The plants have resumed manufacturing in a calibrated manner from May 2020 and have since stabilized operations.

The Other Businesses reported a decrease of 69% in its segment revenue from ₹77 crore to ₹24 crore during Q1FY21 when compared with CPLY. The operating profit of the Other Businesses decreased from ₹10 crore to a negative of ₹0.3 crore in Q1FY21 over CPLY.


The Board approved the setting up of an additional facility to produce 100,000 Metric Tons Per Annum of Chloromethanes at Dahej at a projected cost of ₹315 crore.

The Board had approved the setting up of an integrated facility for PTFE at a cost of ₹424 crore in August 2019. Due to the global economic environment, the setting up of the PTFE plant has been delayed by approximately one year. The related R22 plant is proceeding as per the original schedule and will be used for captive requirements.

Interim Dividend

In today's meeting of the board of directors, an interim dividend at the rate of 50 percent, amounting to ₹5 per share was approved.

Innovation and Intellectual Property

As of June 30, 2020, the company has applied for a total of 205 patents. Till date, the company has been granted seventy-three patents globally.

Shares of SRF LTD. was last trading in BSE at Rs.3943 as compared to the previous close of Rs. 3770.4. The total number of shares traded during the day was 15694 in over 2392 trades.

The stock hit an intraday high of Rs. 3948.05 and intraday low of 3777.55. The net turnover during the day was Rs. 61151170.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Wonderla Holidays Ltd announces financial results for Q1FY21

Affle reports strong performance for Q1 FY2021

Magma Fincorp Q1FY21 AUM at Rs 15,922 Cr, PAT at Rs 38 Cr vs Rs 11 Cr YoY

Amber Enterprises India Ltd Q1FY21 loss at Rs. 22.44 crore

Neogen Chemicals Ltd Q1 net profit at Rs. 6.11 crore

Majesco shareholders to receive $16.00 in cash per share, agreement with Thoma Bravo amended

Shilpa Medicare Ltd Q1FY21 consolidated PAT zooms to Rs. 86.31 crore

Magma Fincorp Ltd reports Rs. 37.71 crore consolidated PAT in Q1

VBC Ferro Alloys Ltd posts Q1 loss of Rs. 0.78 crore

Wonderla Holidays Ltd Q1 loss at Rs. 14.51 crore

Rama Phosphates Ltd Q1 PAT up at Rs. 6.56 crore

Shaily Engineering Plastics Ltd posts Rs. 3.02 crore loss in Q1

Shilp Gravures Ltd Q1 net profit at Rs. 0.73 crore

Affle India Ltd posts consolidated net profit of Rs. 18.77 crore in Q1

SPL Industries Ltd Q1 net profit at Rs. 2.64 crore

Fire at Nandan Denim's factory

Avanti Feeds Ltd board to consider Q1 results on Aug 27, 2020

Minda Industries Ltd issues commercial paper of Rs. 25 crore

Info Edge India Ltd closes QIP, fixes issue price as Rs. 3090

Kriti Nutrients Ltd Q1FY21 net profit rises to Rs. 8.16 crore

TVS Electronics Ltd Q1 loss at Rs. 9.75 crore

ZEN Technologies Ltd Q1 loss at Rs. 1.33 crore

DCB Bank Ltd reports Rs. 79.38 crore PAT in Q1FY21

Arihant Capital Markets Ltd Q1FY21 consolidated PAT at Rs. 4.88 crore

RAMCO Systems Ltd posts consolidated PAT of Rs. 13.81 crore in Q1FY21

Bajaj Hindusthan Sugar Ltd Q1 consolidated loss at Rs. 52.89 crore

ARO Granite Industries Ltd Q1 net profit at Rs. 0.34 crore

Nitin Spinners Ltd Q1 loss at Rs. 9.15 crore

Sarda Energy & Minerals Ltd Q1 FY21 consolidated PAT jumps QoQ to Rs. 35.47 crore

Kriti Industries India Ltd Q1 consolidated net profit at Rs. 6.84 crore

Ambika Cotton Mills Ltd posts drop in Q1 PAT to Rs. 5.01 crore

Divi's Laboratories Ltd Q1FY21 consolidated net profit climbs to Rs. 492.06 crore

Geojit Financial Services - Company Update - August 2020 - ICICI Securities

ELGi's AB 'Always Better' Series powers the Indian pharmaceutical industry

Dish TV India to telecast live 'With Sadhguru in Challenging Times' on DishTV and D2H platforms

Newgen's Virtual Meet on Preparing for a Digital-Only World Receives Overwhelming Response

PNB Housing Finance Limited Announces MD & CEO Transition

Canara Bank slashes Interest rates on loans/advances with effect from 07.08.2020

Abbott India Ltd posts Rs. 180.35 crore PAT in Q1FY21

FDC Limited to acquire further stake in South Africa firm

Energy Development Company Ltd board recommends dividend of Rs. 0.50

Hero MotoCorp donates unique first responder vehicles to Civil Hospital, Gurugram

Mirchi revenues fall 72%, but market share rises to 33%

FDC Ltd board approves buy-back at Rs. 450

Gujarat Themis Biosyn Ltd board to approve quarterly results on Aug 13, 2020

Ravileela Granites Ltd Q1 consolidated net profit up at Rs. 0.74 crore

Indowind Energy Ltd posts consolidated PAT of Rs. 3.40 crore in Q1

FDC Ltd reports consolidated PAT of Rs. 91.72 crore in Q1FY21

Mercury Laboratories Ltd Q1 PAT at Rs. 0.96 crore

BATA India Ltd reports loss of Rs. 100.88 crore in Q1FY21

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019