NSEPress Release21 Oct 2026 · 21 Oct 2026, 03:14 pm
Press Release
SRF Limited · SRF
✦ AI Summary▲ PositiveResults
SRF Limited reported strong growth in Q2 and H1 FY27, with revenue increasing 35% and 33% respectively, and PAT increasing 31% and 55% respectively. The company's businesses delivered a strong performance, with the Performance Films & Foil Business reporting a 51% increase in segment revenue and the Technical Textiles Business reporting a 25% increase in segment revenue.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
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SRF Limited has informed the Exchange regarding a press release dated October 21, 2026, titled "Press release".
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The Corporate Relationship Department, National Stock Exchange of India Limited
BSE Limited “Exchange Plaza”
1st Floor, New Trading Ring Rotunda Bandra-Kurla Complex
Building, P.J. Towers Bandra (E)
Dalal Street, Mumbai 400 051
Mumbai 400 001
Scrip Code- 503806 Scrip Code-SRF
SRF/SEC/BSE/NSE 21.10.2026
Dear Sir,
Press Release
We enclose a copy of the Press Release issued by the Company.
Thanking you,
Yours faithfully,
For SRF LIMITED
Rajat Lakhanpal
Sr. VP (Corporate Compliance) & Company Secretary
Encl: As above
SRF LIMITED
Block-C Sector 45
Gurugram 122 003
Haryana India
Tel: +91-124—4354400
Fax: +91-124—4354500
E-mail: info@srf.com
Website: www.srf.com
Regd. Office:
Unit No. 236 & 237, 2nd Floor
DLF Galleria, Mayur Place
Noida Link Road
Mayur Vihar Phase 1 Extension
Delhi 110091
Corporate identity No. L181010L1970PLC005197
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P R E S S R E L E A S E
For immediate release
SRF Limited Reports Strong Growth in Q2 & H1 FY27
Gurugram, October 21, 2026: SRF Limited, an Innovation led Materials and Chemicals Company, engaged in
the manufacturing of industrial and specialty intermediates today announced its consolidated financial results
for the second quarter and half year ended September 30, 2026. The Company’s unaudited results were
approved by the Board of Directors in a meeting held earlier today.
Consolidated Q2FY27 Financials
The consolidated revenue of the Company increased 35% from ₹3,640 crore to ₹4,904 crore in Q2FY27 when
compared with Corresponding Period Last Year (CPLY). The Company’s Operational Earnings before Interest
and Tax (Operational EBIT) increased 26% from ₹650 crore to ₹816 crore in Q2FY27 when compared with
CPLY. The Company’s Profit after Tax (PAT) increased 31% from ₹388 crore to ₹509 crore in Q2FY27 when
compared with CPLY.
Commenting on the results, Chairman and Managing Director, Ashish Bharat Ram said, “Our Businesses have
delivered a strong performance, despite an uncertain and volatile global environment. Most importantly, our
Capex investments targeting opportunities in sunrise sectors remain extremely robust, positioning us well for
the future”.
Consolidated Q2FY27 Segment Results
The Chemicals Business reported a 25% increase in segment revenue, from ₹1,667 crore to ₹2,079 crore
during Q2FY27 compared to CPLY. Operating profit grew by 10%, from ₹481 crore to ₹528 crore in the same
period. 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
Specialty Chemicals Business navigated a dynamic operating environment shaped by evolving global pricing
trends, industry overcapacity in China and ongoing geopolitical developments. During the quarter, both the
Specialty Chemicals and Fluorochemicals Businesses undertook initiatives to drive operational efficiencies.
The Performance Films & Foil Business reported a 51% increase in segment revenue, from ₹1,408 crore
to ₹2,122 crore during Q2FY27 compared to CPLY. The operating profit increased 73%, from ₹119 crore to
₹206 crore in Q2FY27 over CPLY. 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 25% increase in segment revenue, from ₹474 crore to ₹595
crore during Q2FY27 over CPLY. The operating profit increased 71%, from ₹42 crore to ₹72 crore in Q2FY27
over CPLY. The Business delivered a steady performance during the quarter, supported by healthy demand
and improved margins.
Corporate Office: Block C, Sector 45, Gurugram, Haryana-122003
Regd. Office: Unit No. 236 & 237, 2nd Floor, DLF Galleria, Mayur Place, Mayur Vihar Phase I Extn, Delhi- 110 091
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P R E S S R E L E A S E
The Other Businesses reported an increase of 18% in segment revenue, from ₹91 crore to ₹107 crore in
Q2FY27 when compared with CPLY. The operating profit increased 29%, from ₹8 crore to ₹10 crore in Q2FY27
over CPLY. During the quarter, the Coated and Laminated Fabrics segments performed in line with
expectations, given the prevailing market conditions.
H1 FY27 Financials
In the first six months of FY27, SRF’s revenue increased 33% from ₹7,459 crore to ₹9,937 crore over CPLY.
The Company’s PAT increased 55% from ₹820 crore to ₹1,268 crore over CPLY.
Capex
Performance Films & Foil Business
The Board has approved an investment of approximately ₹600 crore to establish a battery-grade Aluminium
foil manufacturing facility in India. The proposed facility, with a total capacity of approximately 12,000 metric
tons per annum, will cater to both lithium-ion (Li-ion) and sodium-ion (Na-ion) battery applications, supporting
the growing requirements of the energy storage and electric mobility sectors. The investment is proposed to
be undertaken in two phases, with an estimated project cost of ₹300 crore for each phase. Phase I is expected
to be completed by September 2028, followed by Phase II by September 2030.
Innovation and Intellectual Property
As of September 30, 2026, the Company has filed a total of 539 patent applications and has been granted 160
patents globally.
Awards and Recognition
During the quarter, SRF was recognized as the Overall Winner in the ‘Best Supply Chain Solution’ category at
the Adam Smith Awards Asia 2026.
About SRF Limited
With an annual turnover of ₹15,416 crore (US$ 1.6 billion), the Company’s diversified business portfolio covers Fluorochemicals,
Specialty Chemicals, Performance Films & Foil, Technical Textiles and Coated and Laminated Fabrics. The Company has 16
manufacturing facilities—13 in India and one each in Thailand, South Africa, and Hungary—and has recently expanded with an office
in Dubai, further strengthening its global presence. With a workforce of over 9,500 employees representing diverse nationalities, SRF
exports to more than 90 countries.
Equipped with state-of-the-art R&D facilities, SRF has filed 539 patents for R&D and technology so far, of which 160 have been granted.
A winner of the prestigious Deming Prize for two of its businesses, namely Tyre Cord and Chemicals, SRF continues to redefine its work
and corporate culture with TQM as its management way.
For further information, please contact: Nitika Dhawan | AVP & Head - Corporate Communications | nitika.dhawan@srf.com
Corporate Office: Block C, Sector 45, Gurugram, Haryana-122003
Regd. Office: Unit No. 236 & 237, 2nd Floor, DLF Galleria, Mayur Place, Mayur Vihar Phase I Extn, Delhi- 110 091