SRF Q2 Results & Aluminium Foil Capex Plan

SRF Limited’s board has approved a investment of approximately ₹600 crore ($63.35 million) to establish a specialized aluminum foil manufacturing facility in Jetapur, Madhya Pradesh. Operated through its wholly owned subsidiary, SRF Altech Ltd, the plant will produce high-grade aluminum foil designed for lithium-ion and sodium-ion batteries, catering directly to the rapidly growing electric vehicle (EV) and energy storage systems (ESS) sectors. Planned for a total annual capacity of 12,000 metric tonnes, the project will be executed in two equal phases of ₹300 crore ($31.68 million) each. Phase one is scheduled for completion by September 30, 2028, followed by phase two by September 30, 2030, marking SRF’s strategic expansion into advanced battery component supply chains. Alongside its capital investment roadmap, SRF Limited reported strong financial performance for the second quarter of FY27, with consolidated net profit surging 31% year-on-year to ₹509 crore ($53.74 million). Revenue from operations expanded 35% to ₹4,904 crore ($517.80 million), while operational EBIT climbed 26% to ₹816 crore ($86.16 million). Growth was led by the performance films and foil business, which saw revenues jump 51% to ₹2,122 crore ($224.06 million), while the technical textiles segment grew 25% to ₹595 crore ($62.82 million). Chairman and Managing Director Ashish Bharat Ram emphasized that the company's strong operational results and targeted capex in sunrise sectors position SRF for long-term growth despite global macroeconomic uncertainties.