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HomeMarket NewsSRF Q1 Results: Revenue a miss on expectations, but margins expand
SRF's board has also approved an interim dividend of ₹4 per share and the record date for that has been fixed as Tuesday, July 29.
Specialty chemicals manufacturing company SRF Ltd. reported its June quarter results on Wednesday, July 23, which were mixed in comparison to analyst expectations, but higher on a year-on-year basis.
The company's revenue increased by 10.3% from the year-ago period to ₹3,819.6 crore. This figure was lower than the CNBC-TV18 poll estimate of ₹4,091 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 37.8% from last year to ₹831 crore, meeting analyst expectations of ₹832 crore.
EBITDA margin expanded by 430 basis points on a year-on-year basis to 21.7% and they were higher than the CNBC-TV18 poll estimate of 20.3%.
Net profit for the period stood at ₹432 crore, which is 71.5% higher from last year's tally of ₹252 crore. Lower finance costs and a forex gain contributed to the profitability gain.
SRF's board has also approved an interim dividend of ₹4 per share and the record date for that has been fixed as Tuesday, July 29.
Shares of SRF are trading 0.9% higher after the results announcement, after nearly giving up all the gains to ₹3,162.8. The stock has risen 43% so far in 2025.
