Conference Call with SRF Ltd. Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Specialty Chemicals company SRF announced Q4FY26 & FY26 results Consolidated Financial Highlights Q4FY26 Revenue: The consolidated revenue of the company increased 7.05% to Rs 4,615.17 crore in Q4FY26 from Rs 4,313.34 crore in Q4FY25. On a QoQ basis, revenue increased 24.31% from Rs 3,712.53 crore in Q3FY26. Q4FY26 Profit After Tax (PAT): The consolidated PAT increased 10.64% to Rs 582.02 crore in Q4FY26 compared to Rs 526.06 crore in Q4FY25. On a QoQ basis, PAT increased 34.52% from Rs 432.66 crore in Q3FY26. Q4FY26 Operational EBIT: The operational Earnings before Interest and Tax (EBIT) increased 11.59% to Rs 1,010.59 crore in Q4FY26 compared to Rs 905.61 crore in Q4FY25. Annual FY26 Revenue: For the full year, consolidated revenue increased 7.44% to Rs 15,786.51 crore from Rs 14,693.07 crore in FY25. Annual FY26 Profit After Tax (PAT): The consolidated PAT for the full year increased 46.72% to Rs 1,835.18 crore from Rs 1,250.78 crore in FY25. Annual FY26 Operational EBIT: The operational EBIT for the full year increased 28.74% to Rs 3,007.53 crore from Rs 2,336.21 crore in FY25. Standalone Financial Highlights Q4FY26 Revenue: Standalone revenue from operations increased 2.27% to Rs 3,575.70 crore in Q4FY26 from Rs 3,496.50 crore in Q4FY25. On a QoQ basis, revenue increased 21.14% from Rs 2,951.68 crore in Q3FY26. Q4FY26 Profit After Tax (PAT): Standalone PAT stood at Rs 507.06 crore in Q4FY26, a slight decrease of 1.19% from Rs 513.16 crore in Q4FY25. On a QoQ basis, standalone PAT increased 10.73% from Rs 457.91 crore in Q3FY26. Annual FY26 Revenue: For the full year, standalone revenue increased 6.18% to Rs 12,420.51 crore from Rs 11,697.97 crore in FY25. Annual FY26 Profit After Tax (PAT): The standalone PAT for the full year increased 36.00% to Rs 1,724.63 crore from Rs 1,268.07 crore in FY25. Business Highlights and Segment Performance Chemicals Business: Reported an increase of 4% in segment revenue to Rs 2,448.33 crore in Q4FY26 from Rs 2,355.31 crore in Q4FY25. Operating profit increased 5% to Rs 782.65 crore in Q4FY26 over CPLY. Performance was robust in the Fluorochemicals Business due to higher domestic and export volumes and realizations in HFCs. The Specialty Chemicals Business delivered an improved Q4 performance over Q3, supported by cost and efficiency initiatives and a strengthened product pipeline. Performance Films & Foil Business: Reported a 13% increase in segment revenue to Rs 1,595.61 crore in Q4FY26 from Rs 1,412.16 crore in Q4FY25. Operating profit increased 47% to Rs 153.61 crore in Q4FY26 from Rs 104.62 crore in Q4FY25. Performance was driven by improved volumes and margins in BOPET and BOPP Films. Technical Textiles Business: Segment revenue increased 5% to Rs 482.53 crore in Q4FY26 from Rs 458.44 crore in Q4FY25. Operating profit increased 63% to Rs 65.20 crore in Q4FY26 from Rs 40.10 crore in Q4FY25. Other Businesses: Segment revenue saw a marginal increase to Rs 88.71 crore in Q4FY26 from Rs 87.43 crore in Q4FY25. Operating profit decreased 25% to Rs 9.13 crore in Q4FY26 from Rs 12.40 crore in Q4FY25. Capex and Investments: The Board revised the scope for the new generation Refrigerants project, with the investment now planned at approximately Rs 2,300 crore. This includes a 20,000 tons per annum HFO production facility and a new HF plant with 30,000 tons per annum capacity. Approved a project to expand HFC capacity at Dahej with an investment of Rs 88 crore, aimed at increasing HFC capacity to 65,000 tons per annum. Approved the indefinite deferment of the proposed BOPP Film manufacturing facility at Indore, Madhya Pradesh, which involved a capital outlay of Rs 490 crore, citing changes in the operating environment. Commenting on the results, Chairman and Managing Director, Ashish Bharat Ram said, “It was a good quarter for the Company, particularly in the context of the volatile environment in which we are operating. Exports to the Middle East were impacted during the quarter. While we remain confident about the path ahead, the prevailing geopolitical uncertainty continues to be a key concern”. Result PDF