SRF · price
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SRF Limited reported strong FY26 results with consolidated revenue of ₹15,787 crore (up 7.4% YoY) and EBITDA of ₹3,705 crore (up 24.7% YoY), with EBITDA margin expanding to 23.5% from 20.2% in FY25. PAT surged 46.7% to ₹1,835 crore with basic EPS of ₹61.91. The Chemicals segment drove performance with 16.3% revenue growth and 35.9% EBIT growth, now contributing 49% of revenue and 75% of EBIT. Performance Films & Foil showed recovery with 39.2% EBIT growth, while Technical Textiles faced headwinds with 7.5% revenue decline and 20.1% EBIT fall. Net Debt to Equity improved to 0.27, indicating stronger balance sheet management. The company announced ₹2,300 crore capex for Odisha expansion (HFO and HF derivatives) and deferred the ₹490 crore Indore BOPP plant indefinitely due to market conditions.
The strong margin expansion and PAT growth reflect successful execution in specialty chemicals and fluorochemicals, though the Technical Textiles weakness and deferred capex in films suggest selective business challenges. The improved leverage ratios strengthen the balance sheet, supporting future growth investments.