SRF reports strong growth in Q2 and H1 FY26, chemicals business drives gains

SRF Limited recorded a 6% increase in consolidated revenue, reaching ₹3,640 crore in Q2 FY26 from ₹3,424 crore in the corresponding period last year. Earnings before interest and tax (EBIT) surged by 56% to ₹650 crore, up from ₹417 crore, while profit after tax (PAT) soared 93% to ₹388 crore from ₹201 crore. For the first half of FY26, revenue grew 8% to ₹7,459 crore from ₹6,888 crore, and PAT dramatically increased by 81% to ₹820 crore from ₹454 crore.

The chemicals business was a primary driver, reporting a 23% rise in segment revenue to ₹1,667 crore and a 96% jump in operating profit to ₹481 crore. This growth was fueled by record sales volumes for refrigerants, positive pricing traction, and a strategic collaboration with The Chemours Company for fluoropolymers. The performance films and foil business saw a marginal revenue decline but achieved a 44% increase in operating profit, reaching ₹119 crore due to margin growth in value-added products.

Conversely, the technical textiles business experienced an 11% decrease in segment revenue to ₹474 crore and a 41% decline in operating profit to ₹42 crore, impacted by aggressive import pricing and low demand. The company also announced an upward revision in capital expenditure for its collaboration with The Chemours Company, from ₹595 crore to ₹745 crore, with project completion expected by December 2026. Rahul Jain, president and chief financial officer, will step down on December 12, 2025.