SRF Limited Announces Audited Consolidated and Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2018
May 17, 2018 at 09:14 am EDT
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SRF Limited announced audited consolidated and standalone earnings results for the fourth quarter and full year ended March 31, 2018. For the quarter, on standalone basis, the company reported total revenue from operations of INR 13,613.7 million compared to INR 11,815.6 million a year ago. Profit before tax was INR 1,414.4 million compared to INR 1,299.8 million a year ago. Profit for the period was INR 1,058.6 million compared with INR 958.90 million a year ago. Basic and diluted earnings per share (not annualized) were INR 18.44 compared with INR 16.70 a year ago.
For the full year, on standalone basis, the company reported total revenue from operations of INR 46,779.3 million compared to INR 41,978.2 million a year ago. Profit before tax was INR 5,126.4 million compared to INR 5,480.7 million a year ago. Profit for the period was INR 4,056.6 million compared with INR 4,188.2 million a year ago. Basic and diluted earnings per share (not annualized) were INR 70.65 compared with INR 72.94 a year ago.
For the quarter, on consolidated basis, the company reported total revenue from operations of INR 16,122.7 million compared to INR 14,164.4 million a year ago. Profit before tax was INR 1,634.3 million compared to INR 1,643.9 million a year ago. Profit for the period was INR 1,239.1 million compared with INR 1,292.2 million a year ago. Basic and diluted earnings per share (not annualized) were INR 21.58 compared with INR 22.50 a year ago. Earnings before Interest and tax increased by 38% from INR 1,750 million to INR 2,420 million in fourth quarter of 2018 when compared with CPLY.
For the full year, on consolidated basis, the company reported total revenue from operations of INR 56,848.7 million compared to INR 51,365.9 million a year ago. Profit before tax was INR 5,816.7 million compared to INR 6,571.9 million a year ago. Profit for the period was INR 4,617.1 million compared with INR 5,149.9 million a year ago. Basic and diluted earnings per share (not annualized) were INR 80.41 compared with INR 89.69 a year ago. The company's EBIT increased marginally by 1% from INR 7,860 million to INR 7,960 million over CPLY.
SRF Limited is a chemical-based multi-business company engaged in the manufacturing of industrial and specialty intermediates. The Company's segments include Technical Textiles Business (TTB), Chemicals Business (CB), Packaging Film Business (PFB) and Others. The TTB segment's business includes nylon tire cord fabric, belting fabric, polyester tire cord fabric and industrial yarns and its research and development. The CB segment's business includes refrigerant gases, industrial chemicals, specialty chemicals, fluorochemicals and allied products and its research and development. The PFB segment's business includes polyester films and polypropylene films. The others segment includes coated fabric, laminated fabric and other ancillary activities. The Company has around 12 manufacturing plants in India and one each in Thailand, South Africa and Hungary. The Company exports to over 90 countries. It serves various industries, such as automotive, pharmaceuticals, manufacturing and chemicals.
SRF LIMITED 
