SRF Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2024
October 22, 2024 at 05:38 am EDT
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SRF Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported revenue was INR 34,576.3 million compared to INR 32,064.6 million a year ago. Net income was INR 2,014.2 million compared to INR 3,007.8 million a year ago. Basic earnings per share from continuing operations was INR 6.79 compared to INR 10.15 a year ago. Diluted earnings per share from continuing operations was INR 6.79 compared to INR 10.15 a year ago.
For the six months, revenue was INR 69,470.1 million compared to INR 65,566.2 million a year ago. Net income was INR 4,536.4 million compared to INR 6,600.7 million a year ago. Basic earnings per share from continuing operations was INR 15.3 compared to INR 22.27 a year ago. Diluted earnings per share from continuing operations was INR 15.3 compared to INR 22.27 a year ago.
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 
