Summary of Key Information:

Reporting Period: Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Regulatory filing of unaudited financial results pursuant to SEBI Listing Regulations

Audit Opinion:

Clean opinion - No qualifications or modifications. Statutory auditors B S R & Co. LLP issued an unmodified limited review report stating nothing has come to their attention that causes them to believe the financial results contain any material misstatement.

Key Financial Highlights [Rs. in Crores]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹3,808.61
  • Total Income: ₹3,836.39
  • EBITDA: Not explicitly disclosed
  • Net Profit: ₹438.48 (down 22.6% from Q1 FY26 ₹566.30, up 20.9% from Q2 FY25 ₹362.66)
  • EPS: ₹14.79 (basic and diluted)
  • Other Equity: ₹13,361.83
  • Cash and Cash Equivalents: ₹190.11
  • Debt: Total borrowings ₹3,569.49 (Non-current ₹1,254.75 + Current ₹2,314.74)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹7,610.58
  • Total Income: ₹7,677.64
  • Net Profit: ₹1,004.78
  • EPS: ₹33.89 (basic and diluted)

Year-over-Year Comparison (Q2 FY26 vs Q2 FY25):

  • Revenue growth: 33.5% (from ₹2,852.96 to ₹3,808.61)
  • Net profit growth: 20.9% (from ₹362.66 to ₹438.48)

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹4,904.20
  • Total Income: ₹4,929.14
  • Net Profit: ₹509.12 (down 32.9% from Q1 FY26 ₹758.87, up 31.2% from Q2 FY25 ₹388.18)
  • EPS: ₹17.18 (basic and diluted)
  • Other Equity: ₹15,006.80
  • Cash and Cash Equivalents: ₹397.92

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹9,937.46
  • Total Income: ₹9,996.31
  • Net Profit: ₹1,267.99
  • EPS: ₹42.78 (basic and diluted)

Segment-wise Performance:

Standalone Segment Revenue (Q2 FY26):

  • Technical Textiles Business (TTB): ₹595.11
  • Chemicals Business (CB): ₹2,078.05
  • Performance Films and Foil Business (PFB): ₹1,028.21
  • Others: ₹107.24

Standalone Segment Profit (Q2 FY26):

  • Technical Textiles Business: ₹72.17
  • Chemicals Business: ₹538.85
  • Performance Films and Foil Business: ₹92.54
  • Others: ₹9.68

Consolidated Segment Revenue (Q2 FY26):

  • Technical Textiles Business: ₹595.11
  • Chemicals Business: ₹2,079.46
  • Performance Films & Foil Business: ₹2,122.39
  • Others: ₹107.24

Consolidated Segment Profit (Q2 FY26):

  • Technical Textiles Business: ₹72.31
  • Chemicals Business: ₹527.77
  • Performance Films & Foil Business: ₹206.23
  • Others: ₹9.68

Corporate Actions:

No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced in this filing.

Other Significant Information:

Exceptional Items:

  • During FY26, the company recognized ₹84.22 crore (standalone) and ₹84.95 crore (consolidated) as one-time impact of New Labour Codes implemented by Government of India effective November 21, 2025

Tax Adjustments:

  • During FY26, the company wrote back tax provisions of ₹99.12 crore based on favorable ITAT order for assessment years 2011-12 and 2013-14 regarding taxability of Carbon Emission Reduction Certificates

Capital Expenditure:

  • Standalone: ₹861.50 crore spent on property, plant, equipment, capital work-in-progress, other intangible assets and leasehold land during H1 FY26
  • Consolidated: ₹973.89 crore spent on similar items during H1 FY26

Subsidiaries Included in Consolidation:

1. SRF Global BV

2. SRF Flexipak (South Africa) (Pty) Limited

3. SRF Industries (Thailand) Limited

4. SRF Industex Belting (Pty) Limited

5. SRF Europe Kft

6. SRF Holiday Home Limited

7. SRF Altech Limited

8. SRF Middle East LLC

9. SRF Employees Welfare Trust (controlled trust)

Key Financial Ratios (Standalone):

  • Debt Service Coverage Ratio: 2.85 (Q2 FY26)
  • Interest Service Coverage Ratio: 10.14 (Q2 FY26)
  • Operating Margin: 16.78% (Q2 FY26)
  • Net Profit Margin: 11.51% (Q2 FY26)
  • Debt Equity Ratio: 0.27
  • Current Ratio: 1.34