SRF Results Analysis-Q1FY26

Operating Revenue for Q1FY26 is Rs. 3,819 Crs., 10.3% growth YoY, Total Income is Rs. 3,848 Crs., 10.3% growth YoY, EBITDA is Rs. 850 Crs., 31.6% growth YoY, EBITDA Margin is 22.3% increased by 370 Basis points YoY, PBT Rs. 576 Crs., 67.4% growth YoY, PAT Rs. 432 Crs. 71.4% growth YoY. Speciality Chemical Business growth in revenue was 24.1% YoY (Agrochemicals market witnessing gradual demand uptick after inventory rationalization in FY25) and EBIT also grown by 64.1% YoY, Performance Films and Foil Business growth in revenue was 6.1% YoY and EBIT also grown by 61.6% YoY (Higher realizations and increased volumes of BOPP leading to better margins), However, there was a Negative Growth 11.2% YoY in Revenue in Technical Textile Business and negative growth in EBIT was 44.4 (Higher realizations and increased volumes of BOPP leading to better margins). However, On QoQ basis Op. Revenue is down by 11.5%, Total Income is down by 11.5%, EBITDA is down by 18%, PBT is down by 18.5% and PAT is down by 17.9%.