SRF Limited, a leading player in the chemicals and industrial materials space, has announced an impressive set of results for the fourth quarter of FY25. The company reported a net profit of ₹526 crore, marking a 25% year-on-year increase. This profit is also double the amount reported in the previous quarter, signaling strong operational recovery.
Revenue for the quarter stood at ₹3,313 crore, reflecting a robust 21% year-on-year growth. EBITDA also witnessed a sharp rise of 38% on a year-on-year basis, supported by efficient operations and cost management. EBITDA margin expanded to 22.2% from 19.5% in the same quarter last year.
Looking ahead, SRF has laid out a strong business outlook across all its verticals for FY26.
Chemicals Business Outlook
In the specialty chemicals segment, the agrochemicals business is expected to show improvement. The development of active ingredients (AIs) is progressing as per schedule. The product funnel remains strong, and the company is launching new pharma intermediates while ramping up operations at newly commissioned facilities to support growth. There will be a continued focus on cost structures and efficiency enhancements to mitigate pricing pressure.
In the fluorochemicals segment, SRF aims to maximize HFC production to meet quota requirements. The company’s integrated model is expected to provide significant operational advantages. Although CMS demand and prices are expected to remain range bound, the company is working on creating export opportunities to offset pricing pressure. PTFE is likely to see increased traction with positive developments anticipated in FY26. Additionally, a new HF plant has been commissioned to support cost management and higher volumes of refrigerant gases during the year.
Performance Films and Foil Business Outlook
The performance films and foil business continues to face a demand-supply imbalance in the BOPET segment, though improvement is expected in the medium term. The company is ramping up sales of high-impact value-added products (VAPs) in both BOPET and BOPP. However, margins in Thailand remain under pressure due to intense Chinese competition.
Hungarian operations are expected to do better, aided by higher sales to mainland Europe and reduced energy costs. The aluminium foil facility is expected to contribute positively to overall performance in FY26. SRF’s South Africa operations are also expected to continue performing well.
Technical Textiles Business Outlook
In the technical textiles segment, demand for nylon tyre cord fabric (NTCF) is likely to remain stable. The company is focusing on high-end value-added products in belting fabric, and expanded capacity is expected to be a key growth driver. Sales of polyester and nylon industrial yarns are also expected to show a positive trend.
RF shares were trading at ₹2,882, down 4% from the previous day’s close. The decline may reflect market concerns about pricing pressure or broader sentiment
