Board Meeting Details

The Board of Directors meeting was held on 14th August, 2026, commencing at 10:30 a.m. and concluding at 12:10 p.m., where the financial results were approved.

Standalone Financial Performance (Amount in Rs. lakhs)

Quarter Ended 30-Jun-2026 (Q1 FY27)

  • Revenue from Operations: Rs. 0.20 lakhs
  • Interest Income: Rs. 0.20 lakhs
  • Dividend Income: Rs. 0.00 lakhs
  • Profit on sale of investment: Rs. 0.00 lakhs
  • Other Income: Rs. 0.00 lakhs
  • Total Income: Rs. 0.20 lakhs
  • Expenses: Rs. 50.61 lakhs
  • Employee benefits expense: Rs. 18.66 lakhs
  • Depreciation and amortisation: Rs. 1.31 lakhs
  • Other expenses: Rs. 30.64 lakhs
  • Loss before exceptional items and taxes: Rs. (50.41) lakhs
  • Exceptional Items: One time Impact of new labour codes: Rs. 0.00 lakhs
  • Loss before Tax: Rs. (50.41) lakhs
  • Tax expense: Rs. (0.92) lakhs
  • Current Tax: Rs. 0.00 lakhs
  • Deferred Tax: Rs. (0.92) lakhs
  • Loss after Tax: Rs. (48.49) lakhs
  • Other Comprehensive Income: Rs. (1.71) lakhs
  • Items that will not be reclassified: Rs. (1.71) lakhs
  • Gain/(loss) of defined benefit obligation: Rs. (2.30) lakhs
  • Income tax relating to these items: Rs. 0.59 lakhs
  • Total Comprehensive Loss: Rs. (51.20) lakhs
  • Paid up equity share capital: Rs. 3,209.06 lakhs (face value Rs. 10 each)
  • Earnings Per Share (Basic & Diluted): Rs. (0.15)

Comparative Figures

Quarter Ended 30-Jun-2025 (Q1 FY26):

  • Loss after tax: Rs. (38.18) lakhs
  • EPS: Rs. (0.12)

Year Ended 31-Mar-2026 (FY26):

  • Profit after tax: Rs. 7,353.62 lakhs
  • EPS: Rs. 22.92

Consolidated Financial Performance (Amount in Rs. lakhs)

Quarter Ended 30-Jun-2026 (Q1 FY27)

  • Revenue from Operations: Rs. 5,07,087.53 lakhs
  • Other Income: Rs. 21,661.71 lakhs
  • Total Income: Rs. 5,28,749.24 lakhs
  • Expenses: Rs. 4,32,599.00 lakhs
  • Cost of materials consumed: Rs. 2,18,395.28 lakhs
  • Purchases of stock-in-trade: Rs. 4,783.86 lakhs
  • Changes in inventories: Rs. (5,399.36) lakhs
  • Employee benefits expense: Rs. 47,762.56 lakhs
  • Finance costs: Rs. 6,855.21 lakhs
  • Depreciation and amortisation: Rs. 20,758.32 lakhs
  • Other expenses: Rs. 1,40,443.13 lakhs
  • Profit before exceptional items and taxes: Rs. 96,149.56 lakhs
  • Exceptional Items: One time Impact of new labour codes: Rs. 1,184.73 lakhs
  • Profit before Tax: Rs. 94,964.83 lakhs
  • Tax expense: Rs. 18,814.73 lakhs
  • Profit after Tax: Rs. 76,150.10 lakhs
  • Other Comprehensive Income: Rs. 20,649.52 lakhs
  • Total Comprehensive Income: Rs. 96,799.08 lakhs
  • Profit attributable to:
  • Owners of the company: Rs. 38,367.94 lakhs
  • Non-controlling interest: Rs. 37,781.62 lakhs
  • Total comprehensive income attributable to:
  • Owners of the company: Rs. 53,118.67 lakhs
  • Non-controlling interest: Rs. 43,680.41 lakhs
  • Paid up equity share capital: Rs. 3,209.06 lakhs
  • Earnings Per Share (Basic & Diluted): Rs. 119.56

Comparative Figures

Quarter Ended 30-Jun-2025 (Q1 FY26):

  • Profit after tax: Rs. 43,629.51 lakhs
  • EPS: Rs. 68.89

Year Ended 31-Mar-2026 (FY26):

  • Profit after tax: Rs. 1,84,441.97 lakhs
  • EPS: Rs. 290.04

Segment Information (Consolidated) - Quarter Ended 30-Jun-2026

Segment Revenue

  • Technical Textiles Business (TTB): Rs. 59,684.42 lakhs
  • Chemicals Business (CB): Rs. 2,31,487.08 lakhs
  • Performance Films & Foil Business (PFB): Rs. 2,01,668.58 lakhs
  • Others: Rs. 14,249.04 lakhs
  • Total Segment Revenue: Rs. 5,07,089.12 lakhs
  • Less: Inter Segment Revenue: Rs. 1.59 lakhs
  • Revenue from Operations: Rs. 5,07,087.53 lakhs

Segment Results (Profit before Interest and Tax)

  • Technical Textiles Business (TTB): Rs. 10,780.24 lakhs
  • Chemicals Business (CB): Rs. 63,840.83 lakhs
  • Performance Films & Foil Business (PFB): Rs. 34,973.41 lakhs
  • Others: Rs. 2,406.57 lakhs
  • Total Segment Results: Rs. 1,12,001.05 lakhs

Segment Assets

  • Technical Textiles Business (TTB): Rs. 2,36,662.64 lakhs
  • Chemicals Business (CB): Rs. 12,47,180.21 lakhs
  • Performance Films & Foil Business (PFB): Rs. 8,91,407.08 lakhs
  • Others: Rs. 1,55,096.92 lakhs
  • Total segment assets: Rs. 25,30,346.85 lakhs
  • Unallocable: Rs. 1,46,202.52 lakhs
  • Total: Rs. 26,76,549.37 lakhs

Subsidiaries Included in Consolidation

The consolidated results include the following subsidiaries:

  • SRF Limited
  • SRF Global BV
  • SRF Industries (Thailand) Limited
  • SRF Industex Belting (Pty) Limited
  • SRF Flexipak (South Africa) (Pty) Limited
  • SRF Europe Kft.
  • SRF Holiday Home Limited
  • SRF Employees Welfare Trust (controlled trust)
  • SRF Altech Limited
  • SRF Middle East LLC
  • Shri Educare Limited
  • Shri Educare Maldives Private Limited
  • SRF Transnational Holdings Limited
  • KAMA Realty (Delhi) Limited
  • KAMA Real Estate Holding LLP

Auditor Review

V Sahai Tripathi & Co., Chartered Accountants (Firm Registration No: 000262N) issued limited review reports for both standalone and consolidated financial results. The review was conducted in accordance with SRE 2410 issued by ICAI.

For consolidated results, seven subsidiaries with total revenues of Rs. 4,99,015.98 lakhs, net profit after tax of Rs. 75,568.49 lakhs, and total comprehensive income of Rs. 87,421.02 lakhs were reviewed by other auditors.

Four subsidiaries with total revenue of Rs. 5,151 lakhs, net profit after tax of Rs. 331 lakhs, and total comprehensive income of Rs. 331 lakhs were not reviewed as they were not material to the Group.

Exceptional Items

New Labour Codes Impact: Effective November 21, 2025, the Government of India consolidated multiple labour legislations into four labour codes. Under Ind AS 19, this constitutes a plan amendment requiring recognition of past service cost.

  • Standalone: Rs. 4.23 lakhs for quarter ended March 31, 2026 and Rs. 17.36 lakhs for year ended March 31, 2026
  • Consolidated: Rs. 1,184.73 lakhs for quarter ended March 31, 2026 and Rs. 8,682.74 lakhs for year ended March 31, 2026

The Group continues to monitor finalisation of State Rules and government clarifications on other aspects of the New Labour Codes.

Tax Matter

During FY26, SRF Limited (subsidiary) received a favourable order from Income Tax Appellate Tribunal (ITAT) for assessment years 2011-12 and 2013-14 regarding taxability of income related to Carbon Emission Reduction Certificates (CERs). Based on this order, SRF Ltd. wrote back tax provisions amounting to Rs. 9,912 lakhs for these assessment years. The matter of taxability of CERs is yet to attain finality, and SRF Ltd. will continue to re-assess its uncertain tax positions.

Commercial Papers

Listed commercial papers of SRF Limited (Subsidiary) aggregating to Rs. 20,000 lakhs were outstanding as on June 30, 2026. The commercial paper programme is rated CRISIL A1+ by CRISIL and IND A1+ by India Ratings. During the quarter, SRF Limited repaid all commercial papers due on their respective due dates.