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SRF (SRF) investor relations material
SRF Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved consolidated gross operating revenue of ₹3,640.2 crore in Q2 FY26, up 6.3% year-over-year, with EBIT up 56% to ₹650 crore and margin at 18%.
Profit after tax surged 92.7% year-over-year in Q2 FY26 to ₹388.2 crore.
Strong performance in chemicals, especially refrigerants and specialty chemicals, despite global uncertainties.
Strategic focus on operational excellence, cost management, and innovation supported steady momentum.
President & CFO Rahul Jain announced his resignation effective December 12, 2025, with succession planning underway.
Financial highlights
EBITDA for Q2 FY26 at ₹830.5 crore, up 39.8% year-over-year; margin improved to 22.8% from 17.3% in Q2 FY25.
Net profit expanded by 93% YOY to ₹388 crore; PAT margin rose to 10.7% in Q2 FY26 from 5.9% in Q2 FY25.
Chemicals business revenue grew 23% YOY to ₹1,667 crore; EBIT margin at 28.9%.
Performance films and foils revenue was ₹1,408 crore, flat YOY, but EBIT rose to ₹119 crore from ₹83 crore.
Technical textiles revenue at ₹474 crore, with margin pressure due to lower realizations and revenue down 11.4% YOY.
Outlook and guidance
Confident of surpassing 20% full-year growth in the chemicals business, driven by new product launches and strong pipeline.
Specialty chemicals expected to see stronger H2 performance due to seasonality and new product contributions.
Anticipates stable or better pricing and higher volumes for refrigerant gases in H2.
Performance Films & Foil to benefit from new product commercialization and stable overseas operations.
Ongoing investments in capacity expansion, innovation, and R&D to support long-term growth.
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