SRF Ltd. Quarterly Results Analysis-Q2FY2027

Financial performance and key operating metrics (Consolidated) : Operating Revenue for Q2FY27 is Rs. 4,904 Crs., 34.72% growth YoY, Total Income is Rs. 4,929 Crs., 34.46% growth YoY, Gross Profit is Rs. 2,304 Crs., 23.15% growth YoY, EBITDA is Rs. 1,034 Crs., 24.5% growth YoY, However, EBITDA Margin is 20.98% declined by 168 Basis points YoY, PBT Rs. 671 Crs., 29.78% growth YoY, PAT Rs. 509 Crs. 31.16% growth YoY. On QoQ basis Op. Revenue is down by 2.56%, Total Income is down by 2.72%, Gross Profit is down by 10.55%, EBITDA is down by 24.66%, PBT is down by 31.47% and PAT is also down by 32.91%. The Chemicals Business reported a Revenue of Rs. 2,079 Cr, 24.72% growth YoY, Operating Profit of Rs. 528 Cr., 9.77% growth YoY. The Fluorochemicals Business delivered robust refrigerant sales volumes, supported by positive pricing momentum across key products, while maintaining its leadership position across primary markets. The Performance Films & Foil Business reported a Revenue of Rs. 2,122 Cr, 50.71% growth YoY, Operating Profit of Rs. 206 Cr., 73.11% YoY. During Q2FY27, the Business achieved its highest-ever packed production of films. However, Q2 demand was moderated by inventory build-up following heightened buying activity amid the volatility witnessed in Q1. Demand for Aluminium foil, meanwhile, remained healthy during the quarter. The Technical Textiles Business reported a Revenue of Rs. 595 Cr, 25.53% growth YoY, Operating Profit of Rs. 72 Cr., 71.43% YoY. The Business delivered a steady performance during the quarter, supported by healthy demand and improved margins.