SRF Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 30, 2024 at 05:11 am EST
Share
SRF Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was INR 30,717.9 million compared to INR 34,796.7 million a year ago. Net income was INR 2,534.3 million compared to INR 5,109 million a year ago. Basic earnings per share from continuing operations was INR 8.55 compared to INR 17.24 a year ago. Diluted earnings per share from continuing operations was INR 8.55 compared to INR 17.24 a year ago.
For the nine months, revenue was INR 96,264.1 million compared to INR 111,447.6 million a year ago. Net income was INR 9,135 million compared to INR 15,998.9 million a year ago. Basic earnings per share from continuing operations was INR 30.82 compared to INR 53.97 a year ago. Diluted earnings per share from continuing operations was INR 30.82 compared to INR 53.97 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 
