Latest news with #SRFLtd
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Business Standard
6 days ago
- Business
- Business Standard
SRF to invest nearly ₹750 cr to set up agro-chemical, BOPP film plants
Chemical firm SRF Ltd will invest nearly ₹750 crore to set up an agro-chemical plant in Gujarat and a BOPP film manufacturing facility in Indore as part of its expansion plan. Gurugram-based SRF Ltd has a diversified business comprising fluorochemicals, specialty chemicals, performance films & foil, technical textiles, and coated and laminated fabrics. The company's board on July 23 approved the setting up of a facility to produce agrochemicals at Dahej, Gujarat, at a cost of ₹250 crore. The facility at Dahej will produce 12,000 tonnes per annum of an agrochemical intermediate. This project will be completed in 18 months, according to the latest regulatory filing. The board also approved a ₹490 crore investment to set up a BOPP (Biaxially Oriented Polypropylen) film manufacturing facility in Indore, featuring a state-of-the-art 10.4m wide Bruckner film line and a metalliser. The project is expected to be completed in 24 months. SRF Ltd has posted a 71 per cent increase in its consolidated net profit to ₹432.32 crore during the April-June period of this fiscal from ₹252.22 crore in the year-ago period. The income from operations increased 10 per cent to ₹3,818.62 crore during the first quarter of this fiscal from ₹3,464.12 crore in the corresponding period of the preceding year. "In spite of a weak summer and prevailing global uncertainties, we have had a good start to the year. We remain cautiously optimistic for the rest of the year. Our capital expenditure plans continue to be robust," SRF Chairman and Managing Director, Ashish Bharat Ram, said. In the 2024-25 fiscal, SRF Ltd posted a consolidated net profit of ₹1,251 crore on a total income of ₹14,825.79 crore. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Upturn
7 days ago
- Business
- Business Upturn
SRF shares dip over 2% as Citi maintains ‘Sell' rating with target price of Rs 2,725
SRF Ltd shares slipped over 2% in morning trade on July 25, 2025, after global brokerage Citi reiterated its 'Sell' rating on the stock, setting a target price of ₹2,725. As of 9:43 AM, the shares were trading 2.49% lower at Rs 3,072.10. While SRF's Q1 results surprised positively on the operating front—beating EBITDA estimates by 11%—Citi remains cautious. The brokerage pointed to underlying concerns in the company's revenue trajectory and future growth outlook, particularly in the specialty chemicals segment. Despite a 10% year-on-year growth, Q1 revenue declined 12% sequentially, signaling near-term softness. Citi highlighted that this trend may continue, citing risks such as pricing pressure from China and delays in commercialising key products, which could weigh on future earnings. Citi also flagged concerns over margin sustainability, warning that investor sentiment could stay muted until there is more visibility on a rebound in SRF's specialty chemical pipeline—an area closely watched for long-term growth. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
18-07-2025
- Business
- Time of India
Stock Radar: SRF hits record highs in July 2025! Time to book profits or buy the recent dip?
SRF Ltd, part of the commodity chemicals industry, hit a record high earlier in July 2025 but witnessed mild profit-taking. However, the chart structure suggests that a bounce-back could be on the cards. Short-term traders can consider buying the stock for a target of Rs 3,458 in the next 1–2 months, according to experts. The stock hit a record high of Rs 3,319 on July 10, 2025, but saw some selling pressure at higher levels. Despite this, it
Economic Times
18-07-2025
- Business
- Economic Times
Stock Radar: SRF hits record highs in July 2025! Time to book profits or buy the recent dip?
SRF Ltd, part of the commodity chemicals industry, hit a record high earlier in July 2025 but witnessed mild profit-taking. However, the chart structure suggests that a bounce-back could be on the cards. Short-term traders can consider buying the stock for a target of Rs 3,458 in the next 1–2 months, according to experts. The stock hit a record high of Rs 3,319 on July 10, 2025, but saw some selling pressure at higher levels. Despite this, it
News18
12-05-2025
- Business
- News18
SRF Q4 Results: Net Profit Jumps 24.59% To Rs 526 Crore, Income Rises 20.2%
Agency: PTI Last Updated: SRF Ltd's total income increases 20.23 per cent to Rs 4,215.17 crore during the January-March quarter of the 2024-25 fiscal as compared to Rs 3,505.92 crore year ago. SRF Ltd, a chemical sector-focused multi-business entity, on Monday posted a 24.59 per cent jump in consolidated net profit at Rs 526.06 crore in the fourth quarter of the 2024-25 fiscal on strong sales. Net profit stood at Rs 422.21 crore in a year-ago quarter, according to a regulatory filing. Total income rose 20.23 per cent to Rs 4,215.17 crore in January-March quarter of the 2024-25 fiscal as compared to Rs 3,505.92 crore in a year-ago. For the full 2024-25 fiscal, the company however reported a 6.35 per cent drop in consolidated net profit to Rs 1,240.78 crore from Rs 1,335.71 crore in the preceding year. SRF Ltd Chairman and Managing Director Ashish Bharat Ram said: 'We have finished the year on a very strong note, supported by seasonal factors." 'That aside, we will go into the new financial year carrying this momentum. 'However, we are dealing with a very volatile global economy at the moment and while we remain cautiously optimistic about the year ahead, the risks remain," he noted. As of March 31, 2025, the company has applied for 481 patents, with twelve patents applied during the quarter. To date, the company has been granted 151 patents globally. With an annual turnover of Rs 14,358 crore, the Gurugram-headquartered company's diversified business portfolio covers fluorochemicals, specialty chemicals, performance films and foil, technical textiles, and coated and laminated fabrics. First Published: May 12, 2025, 17:22 IST
