4QFY20 performance of SRF was impacted due to the COVID-19 pandemic and the auto sector slowdown, which in turn impacted the Technical Textiles and Refrigerant segments. However, strong margin expansion in the Packaging segment led to 4% EBITDA growth despite revenue decline of 4%. The segments performance was impacted by COVID-19, otherwise it has been consistently reporting >25% revenue growth since 1QFY19. Additionally, fluorochemicals performance was impacted by the auto slowdown and drop in global prices of revenues declined 3% YoY to INR6b with margin expansion of 480bp YoY to 21.7% (EBIT grew 24% YoY). Performance in 4QFY20 was impacted due to the COVID-19 pandemic and the auto slowdown. Capex of INR8b for FY21 (excluding BOPP and resin plant in Thailand and BOPET Performance in 4QFY20 was impacted due to the COVID-19 pandemic and the auto slowdown.