SRF Limited announced its unaudited consolidated financial results for the second quarter and half year ended September 30, 2026, approved by the Board of Directors earlier today.

Consolidated Q2 FY27 Financial Performance

  • Revenue: Increased 35% year-over-year to ₹4,904 crore from ₹3,640 crore in Q2 FY26
  • Operational EBIT: Increased 26% to ₹816 crore from ₹650 crore in the corresponding period last year (CPLY)
  • Profit After Tax (PAT): Increased 31% to ₹509 crore from ₹388 crore in CPLY

Segment-wise Q2 FY27 Performance

Chemicals Business:

  • Revenue increased 25% to ₹2,079 crore from ₹1,667 crore
  • Operating profit grew 10% to ₹528 crore from ₹481 crore
  • Fluorochemicals Business delivered robust refrigerant sales volumes with positive pricing momentum
  • Specialty Chemicals Business navigated dynamic operating environment with industry overcapacity in China and geopolitical developments
  • Both segments undertook operational efficiency initiatives

Performance Films & Foil Business:

  • Revenue increased 51% to ₹2,122 crore from ₹1,408 crore
  • Operating profit increased 73% to ₹206 crore from ₹119 crore
  • Achieved highest-ever packed production of films during the quarter
  • Q2 demand moderated by inventory build-up following Q1 volatility
  • Aluminium foil demand remained healthy

Technical Textiles Business:

  • Revenue increased 25% to ₹595 crore from ₹474 crore
  • Operating profit increased 71% to ₹72 crore from ₹42 crore
  • Delivered steady performance supported by healthy demand and improved margins

Other Businesses:

  • Revenue increased 18% to ₹107 crore from ₹91 crore
  • Operating profit increased 29% to ₹10 crore from ₹8 crore
  • Coated and Laminated Fabrics segments performed in line with expectations

H1 FY27 Financial Performance

  • Revenue increased 33% to ₹9,937 crore from ₹7,459 crore over CPLY
  • PAT increased 55% to ₹1,268 crore from ₹820 crore over CPLY

Capital Expenditure Approval

  • Board approved investment of approximately ₹600 crore for battery-grade Aluminium foil manufacturing facility
  • Total capacity: 12,000 metric tons per annum
  • Will cater to lithium-ion (Li-ion) and sodium-ion (Na-ion) battery applications
  • Investment to be undertaken in two phases:
  • Phase I: ₹300 crore, expected completion by September 2028
  • Phase II: ₹300 crore, expected completion by September 2030
  • Facility will support energy storage and electric mobility sectors

Innovation and Intellectual Property

  • Total patent applications filed: 539 (as of September 30, 2026)
  • Patents granted: 160 globally

Awards and Recognition

  • Recognized as Overall Winner in 'Best Supply Chain Solution' category at Adam Smith Awards Asia 2026

Management Commentary

Chairman and Managing Director Ashish Bharat Ram stated: "Our Businesses have delivered a strong performance, despite an uncertain and volatile global environment. Most importantly, our Capex investments targeting opportunities in sunrise sectors remain extremely robust, positioning us well for the future."

Company Background

  • Annual turnover: ₹15,416 crore (US$ 1.6 billion)
  • Business portfolio: Fluorochemicals, Specialty Chemicals, Performance Films & Foil, Technical Textiles, Coated and Laminated Fabrics
  • Manufacturing facilities: 16 total (13 in India, 1 each in Thailand, South Africa, and Hungary)
  • Recent expansion: Office in Dubai
  • Workforce: Over 9,500 employees across diverse nationalities
  • Export reach: More than 90 countries
  • R&D facilities: State-of-the-art with Deming Prize recognition for Tyre Cord and Chemicals businesses