SRF Q2 FY27: Net Profit Up 31% to ₹509 Crore; Chemicals Revenue Up 25% on Refrigerant Volumes
SRF Ltd reported its results for the quarter ended 30 September 2026 (Q2 FY27) on 21 October 2026.
Consolidated: • Revenue from operations: ₹4,904.2 crore, up 34.7% from ₹3,640.19 crore a year earlier. • Net profit: ₹509.12 crore, up 31.2% from ₹388.18 crore, but down 32.9% from ₹758.87 crore in the June quarter. • EBIT: ₹816 crore, up 26% from ₹650 crore.
By business: • Chemicals: revenue up 25% to ₹2,079 crore (from ₹1,667 crore). Fluorochemicals had strong refrigerant volumes and better prices; specialty chemicals faced weak global pricing and Chinese overcapacity. Segment operating profit rose to ₹528 crore from ₹481 crore, so its margin fell from 29% to 25%. • Performance films and foil: revenue up 51% to ₹2,122 crore, with record film output. • Technical textiles: revenue up 25% to ₹595 crore, with better margins.
The board approved an aluminium foil plant for battery applications at the Jetapur site of its subsidiary SRF Altech Ltd, at an estimated ₹600 crore in two phases of ₹300 crore each. Management said it expects chemicals growth for FY27 at the upper end of its guidance.
What it means for buyers and suppliers
Refrigerant gases remain the strongest part of India's fluorochemicals business, so expect firm prices for refrigerants and their raw materials. In specialty chemicals, the comments on Chinese overcapacity point to continued pressure on prices that buyers can use in negotiations.
Source: Upstox News (21 October 2026), reporting SRF's Q2 FY27 results; the segment margins are from the company's investor material as reported. Photo: a refillable refrigerant gas cylinder. Лобачев Владимир, CC BY-SA 4.0, via Wikimedia Commons.