Srf Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 21, 2021 at 04:52 am
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SRF Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 21,680.9 million compared to INR 18,560.5 million a year ago. Net income was INR 3,247.3 million compared to INR 3,429.9 million a year ago. Basic earnings per share was INR 55.09 compared to INR 59.67 a year ago. Basic earnings per share from continuing operations was INR 55.01 compared to INR 60.1 a year ago. For the nine months, total revenue was INR 58,339.2 million compared to INR 53,943.1 million a year ago. Net income was INR 8,170.2 million compared to INR 8,333.4 million a year ago. Basic earnings per share was INR 140.95 compared to INR 144.98 a year ago. Basic earnings per share from continuing operations was INR 140.91 compared to INR 125.56 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 
