Q3FY22 Quarterly Result Announced for SRF Ltd.
Diversified SRF declares Q3FY22 result: The consolidated revenue of the company grew 56% from Rs 2,146 crore to Rs 3,346 crore in Q3FY22 when compared with Corresponding Period Last Year (CPLY). The company’s Earnings before Interest and Tax (EBIT) increased 66% from Rs 479 crore to Rs 796 crore in Q3FY22 when compared with CPLY. The company’s Profit after Tax (PAT) increased 56% from Rs 324 crore to Rs 506 crore in Q3FY22 when compared with CPLY. The Chemicals Business reported an increase of 58% in its segment revenue from Rs 906 crore to Rs 1,428 crore during Q3FY22 over CPLY. The operating profit of the Chemicals Business increased 121% from Rs 190 crore to Rs 419 crore in Q3FY22 over CPLY. During the quarter, the Fluorochemicals Business performed exceedingly well on account of higher prices of certain key refrigerant products in critical international markets and increased export volumes in HFC blends. In addition, healthy contribution from the chloromethanes segment augmented the overall results. With an expanded product portfolio, the Specialty Chemicals Business had a healthy quarter. This was largely on account of strong demand from the overseas markets, higher capacity utilization of dedicated/multipurpose facilities and significant cost-savings across all product streams. Several new plants commissioned during the year contributed to the overall performance. Commenting on the results, Managing Director, Ashish Bharat Ram said, “It’s been an outstanding quarter for the company. Except for the Technical Textiles segment, which was impacted by soft market conditions, every other segment performed exceedingly well. We remain cautiously optimistic of our performance going forward.” Result PDF25-01-2022
