SRF reports robust H1 FY26 growth, chemicals business drives performance

SRF Limited recorded a significant increase in its financial performance for Q2 FY26 and H1 FY26. Gross operating revenue grew by 6.3% year-over-year to ₹3,640.2 crore in Q2 FY26 and by 8.3% to ₹7,458.8 crore in H1 FY26. EBIDTA saw a substantial jump of 39.8% to ₹830.5 crore in Q2 FY26 and 35.6% to ₹1,680.8 crore in H1 FY26, with EBIDTA margins improving to 22.8% and 22.5% respectively.

Profit after tax surged by 92.7% to ₹388.2 crore in Q2 FY26 and 80.9% to ₹820.5 crore in H1 FY26. Basic and diluted EPS rose to ₹13.10 for Q2 FY26 and ₹27.68 for H1 FY26, compared to ₹6.79 and ₹15.30 in the prior year periods. The chemicals business was a primary growth driver, with segment revenues increasing by 22.8% in Q2 FY26 and 23.5% in H1 FY26.

The chemicals business contributed 45.8% to total revenues and 74.0% to EBIT in Q2 FY26, demonstrating its strong performance and strategic importance. The company’s performance films & foil business also showed growth in EBIT by 43.6% in Q2 FY26 and 52.8% in H1 FY26, despite a slight decline in segment revenues for Q2 FY26.