Conference Call with SRF Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
Specialty chemicals firm SRF announced Q3FY23 results: Consolidated Q3FY23: The revenue of the company grew 4% from Rs 3,346 crore to Rs 3,470 crore in Q3FY23 when compared with the corresponding period last year. The company’s Earnings before Interest and Tax (EBIT) decreased by 9% from Rs 796 crore to Rs 726 crore in Q3FY23 when compared with CPLY. The company’s Profit after Tax (PAT) increased 1% from Rs 506 crore to Rs 511 crore in Q3FY23 when compared with CPLY. 9MFY23: SRF’s revenue increased 25% from Rs 8,884 crore to Rs 11,092 crore over CPLY. The company’s EBIT increased 20% from Rs 1,959 crore to Rs 2,353 crore over CPLY. The company’s PAT increased 25% from Rs 1,283 crore to Rs 1,600 crore over CPLY. Commenting on the results, Chairman and Managing Director, Ashish Bharat Ram said, “In spite of the expected weakness in our Packaging Films and Technical Textiles Businesses, the Company has done well. The performance of our Chemicals Business remains strong and the continuing investments in this segment are a testament to our confidence going forward.” Result PDF