SRF Limited, a leading chemical manufacturer with diverse business interests in industrial and specialty intermediates, has announced its consolidated financial results for the first quarter ending June 30, 2025. The results, which were reviewed and approved by the company’s Board of Directors, showcase significant growth across multiple business segments.
SRF Limited has announced a strong set of financial results for the first quarter of FY26, demonstrating significant growth across multiple business segments. The company’s consolidated revenue for Q1FY26 increased by 10%, reaching ₹3,819 crore, compared to ₹3,464 crore in the same period last year. Along with revenue growth, the company saw impressive improvements in profitability. Earnings before interest and tax (EBIT) surged by 43%, rising from ₹484 crore in Q1FY25 to ₹694 crore in Q1FY26. Profit after tax (PAT) also jumped by 71%, from ₹252 crore to ₹432 crore, further reflecting the company’s robust financial performance.
Ashish Bharat Ram, the Chairman and Managing Director of SRF, commented on these results, acknowledging the challenges posed by a weak summer and global uncertainties. Despite these hurdles, the company has managed to deliver a solid start to the financial year. He expressed cautious optimism for the future and emphasized the company’s continued focus on its strategic capital expenditure plans, which are expected to support future growth and expansion.
The Chemicals Business was a key driver of growth for SRF in Q1FY26. The segment reported a 24% increase in revenue, rising from ₹1,482 crore in Q1FY25 to ₹1,839 crore in the current period. Operating profit for the Chemicals Business also saw a significant rise of 64%, from ₹306 crore to ₹503 crore. This growth was primarily attributed to strong demand for agrochemical intermediates, strategic pricing initiatives, and solid performance in export markets. The segment’s performance remains a key pillar of SRF’s success, and the company continues to capitalize on global opportunities in this space.
The Fluorochemicals Business also performed well during the quarter, benefiting from higher prices for refrigerant gases. While the domestic market faced some challenges, SRF successfully capitalized on its export opportunities to maintain positive growth. The strategic focus on expanding its footprint in international markets allowed the Fluorochemicals segment to mitigate the impact of weaker domestic demand, contributing to the overall positive financial results.
SRF’s Performance Films & Foil Business delivered another strong performance, with revenue increasing by 6%, from ₹1,336 crore in Q1FY25 to ₹1,418 crore in Q1FY26. The operating profit of this segment grew by 62%, from ₹87 crore to ₹140 crore. The business achieved its highest-ever packed production, demonstrating enhanced operational efficiency and better capacity utilization. Aluminium Foil also reached its highest quarterly sales to date, driven by strong market demand and the company’s strategic efforts to improve product offerings.
On the other hand, the Technical Textiles Business faced challenges in Q1FY26, reporting an 11% decline in revenue, from ₹525 crore to ₹467 crore. Operating profit also fell sharply by 44%, from ₹68 crore to ₹38 crore. This performance was mainly attributed to a reduction in domestic demand for Nylon Tyre Cord Fabric and increased pricing pressures in the Belting Fabrics segment, caused by persistent imports from China. Despite these setbacks, the company managed to maintain stability in other areas of its operations.
The Other Businesses segment experienced a significant drop in both revenue and operating profit during the quarter. Revenue fell by 25%, from ₹126 crore to ₹95 crore, and operating profit declined by 43%, from ₹24 crore to ₹13 crore. This decline was largely due to weaker market conditions in key segments such as Coated and Laminated Fabrics, which have been underperforming in the current market environment.
In terms of capital expenditure, SRF’s Board has approved a ₹250 crore investment to set up a new facility at Dahej, which will produce 12,000 MT per annum of agrochemical intermediates. This investment is in line with the company’s strategy to meet growing demand for these products in the future. Additionally, a ₹490 crore investment has been approved for a new BOPP film manufacturing facility in Indore, which will feature a state-of-the-art 10.4m wide Bruckner film line and a metallizer. This facility is expected to be completed in 24 months and will contribute to the company’s long-term growth.
The Board of Directors also declared an interim dividend of ₹4 per share, further strengthening investor confidence. This dividend announcement comes as part of SRF’s commitment to providing value to its shareholders while maintaining a strong financial position. The company continues to demonstrate a balanced approach to reinvesting in its business and rewarding its investors.
In terms of innovation, SRF continues to build its intellectual property portfolio. As of June 30, 2025, the company has filed a total of 494 patents, with 153 granted globally. This focus on innovation highlights SRF’s commitment to research and development, driving its competitive edge in the global markets in which it operates.
SRF’s dedication to excellence was recognized during the quarter as well. The Fluorochemicals Business was awarded the prestigious ZERO PPM Award by Toyota Kirloskar Motor Pvt Ltd for maintaining defect-free performance and top-quality standards. Additionally, SRF Foundation received the CSR Times Award 2025 (Gold) for its Rural Education Program in Mewat, which highlights the company’s commitment to social responsibility and sustainable development.
SRF’s diverse business portfolio spans multiple sectors, including Fluorochemicals, Specialty Chemicals, Performance Films & Foil, Technical Textiles, and Coated and Laminated Fabrics. With a turnover of ₹14,358 crore (US$ 1.7 billion) and operations in over 100 countries, SRF is a global leader in its field. The company continues to focus on strengthening its product offerings, expanding its market reach, and investing in cutting-edge technologies to drive long-term growth. With a strong workforce of over 9,000 employees and state-of-the-art R&D facilities, SRF remains committed to delivering value to all its stakeholders.
With an annual turnover of ₹14,358 crore (US$ 1.7 billion), SRF operates across multiple sectors, including Fluorochemicals, Specialty Chemicals, Performance Films & Foil, Technical Textiles, and Coated and Laminated Fabrics. The company employs over 9,000 people globally and operates across 13 manufacturing plants in India, along with plants in Thailand, South Africa, and Hungary.
SRF exports to more than 100 countries and continues to push the envelope in research and development, with 494 patents filed to date. SRF has also received the prestigious Deming Prize for excellence in Total Quality Management in its Tyre Cord and Chemicals businesses, cementing its position as a leader in the global chemical industry.
