SRF Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 27, 2023 at 05:08 am
Share
SRF Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported revenue was INR 32,064.8 million compared to INR 37,605.2 million a year ago. Net income was INR 3,007.8 million compared to INR 4,809.9 million a year ago. Basic earnings per share from continuing operations was INR 10.15 compared to INR 16.23 a year ago.
For the six months, revenue was INR 65,566.2 million compared to INR 76,650.9 million a year ago. Net income was INR 6,600.7 million compared to INR 10,889.9 million a year ago. Basic earnings per share from continuing operations was INR 22.27 compared to INR 36.74 a year ago.
SRF Limited is a chemical-based multi-business company engaged in the manufacturing of industrial and specialty intermediates. The Company's segments include Technical Textiles Business (TTB), Chemicals Business (CB), Packaging Film Business (PFB) and Others. The TTB segment's business includes nylon tire cord fabric, belting fabric, polyester tire cord fabric and industrial yarns and its research and development. The CB segment's business includes refrigerant gases, industrial chemicals, specialty chemicals, fluorochemicals and allied products and its research and development. The PFB segment's business includes polyester films and polypropylene films. The others segment includes coated fabric, laminated fabric and other ancillary activities. The Company has around 12 manufacturing plants in India and one each in Thailand, South Africa and Hungary. The Company exports to over 90 countries. It serves various industries, such as automotive, pharmaceuticals, manufacturing and chemicals.
SRF LIMITED 
