Hold SRF; target of Rs 2156: Prabhudas Lilladher
Prabhudas Lilladher recommended hold rating on SRF with a target price of Rs 2156 in its research report dated October 30, 2023.31-10-2023
Hold SRF; target of Rs 2156: Prabhudas Lilladher
Prabhudas Lilladher recommended hold rating on SRF with a target price of Rs 2156 in its research report dated October 30, 2023.SRF LTD. - 503806 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Audio RecordingSRF Ltd. Results Earnings Call for Q2FY24
Conference Call with SRF Ltd. Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.SRF LTD. - 503806 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper PublicationSRF LTD. - 503806 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor PresentationSRF LTD. - 503806 - Further Submission To Unaudited Financial Results For The Quarter And Half Year Ended 30.09.2023
Further Submission to Unaudited Financial Results for the quarter and half year ended 30.09.2023Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for SRF Ltd.
Specialty Chemicals company SRF announced Q2FY24 & H1FY24 results: Financial Results 1. In Q2FY24, SRF reported a decrease in consolidated revenue by 15% to Rs 3,177 crore compared to Rs 3,728 crore in Q2FY23. 2. EBIT decreased by 23% to Rs 533 crore in Q2FY24 from Rs 689 crore in Q2FY23. 3. PAT declined by 37% to Rs 301 crore in Q2FY24, compared to Rs 481 crore in Q2FY23. 4. In H1FY24, SRF’s revenue decreased 15% from Rs 7,622 crore to Rs 6,516 crore over H1FY23. 5. The company’s PAT decreased 39% from Rs 1,089 crore to Rs 660 crore over H1FY23 Segment Results: 1. Chemicals Business: The segment revenue of the Chemicals Business decreased by 22% to Rs 1,426 crore in Q2FY24 from Rs 1,830 crore in Q2FY23. The operating profit of the business decreased by 33% to Rs 348 crore in Q2FY24 from Rs 517 crore in Q2FY23. 2. Packaging Films Business: The Packaging Films Business reported a decrease in segment revenue by 16% to Rs 1,122 crore in Q2FY24 from Rs 1,331 crore in Q2FY23. The operating profit of the business declined by 24% to Rs 77 crore in Q2FY24 from Rs 101 crore in Q2FY23. 3. Technical Textiles Business: The Technical Textiles Business reported an increase in segment revenue by 9% to Rs 506 crore in Q2FY24 from Rs 466 crore in Q2FY23. The operating profit of the business increased by 19% to Rs 75 crore in Q2FY24 from Rs 63 crore in Q2FY23. 4. Other Businesses: The Other Businesses reported an increase in segment revenue by 27% to Rs 127 crore in Q2FY24 from Rs 100 crore in Q2FY23. The operating profit of the business increased by 313% to Rs 33 crore in Q2FY24 from Rs 8 crore in Q2FY23. Commenting on the results, Chairman and Managing Director, Ashish Bharat Ram said, “During the quarter, we felt the brunt of the destocking and inventory rationalization phenomenon in our Chemicals Business. Having said that, we are now beginning to see some positive traction that should bode well for a better second half of FY24. The overcapacity in our Packaging Films Business will continue for some more time.” Result PDFSRF LTD. - 503806 - Commissioning And Capitalisation Of Capital Expenditure Proposal Approved By The Board
Commissioning and Capitalisation of capital expenditure proposal approved by the BoardSRF LTD. - 503806 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press ReleaseSRF LTD. - 503806 - Capital Expenditure Proposal Approved By The Board
Capital Expenditure proposal approved by the Board