SRF Limited (NSE: SRF) reported a higher net profit for the first quarter of 2023 when the chemicals conglomerate’s revenues climbed 44% year-over-year. The company also announced an interim dividend of ₹3.60 per share. Show Total operating revenues increased sharply to ₹3,894.7 crores in the first quarter, with all four operating segments registering double-digit growth. Driven by the positive top-line performance, first-quarter comprehensive income increased to ₹433.77 crores or ₹20.51 per share from ₹368.61 crores or ₹13.34 per share in the corresponding period of last year. Check this space to read management/analysts’ comments on quarterly reports “It has been a stellar quarter for the Company. The outlook for our Chemicals Business remains strong and we believe the investment intensity will increase in this segment. While our Packaging Films Business performed very well, we see strong headwinds for the Business with weak global demand and inventory losses in the short term,” said Ashish Bharat Ram, SRF’s chairman, and managing director. Most PopularTagsBlock C, Sector 45, Parent Organization: At SRF, we stand committed to improving the quality of life through our wide range of products and services. Pursuing our passion, we have adopted ‘continuous improvement’ as a motto which shapes our plans and actions. Today, anchored by our strong workforce of 7,000+ SRFites from different nationalities, working in eleven manufacturing plants in India and one each in Thailand, South Africa and Hungary, we continue to cater to customers spread over 90+ countries. Gurugram, May 09, 2022: SRF Limited, a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates today announced its consolidated financial results for the fourth quarter and year ended March 31, 2022. The company’s audited results were approved by the Board of Directors in a meeting held today. Consolidated Q4FY22 Financials Commenting on the results, Chairman & Managing Director, Ashish Bharat Ram said, “We are closing FY22 on a strong note, with significant growth witnessed in our Chemicals Business and our other businesses too. With a strong CAPEX pipeline and our emphasis on enhancing our capabilities, I remain optimistic of our continued success in the future.” Consolidated Q4FY22 Segment Results The Packaging Films Business reported an increase of 42% in its segment revenue from ₹980 crore to ₹1,390 crore during Q4FY22 when compared with CPLY. The operating profit of the Packaging Films Business increased 26% from ₹219 crore to ₹276 crore in Q4FY22 over CPLY. The demand for both BOPET and BOPP films remained buoyant. The Business performed exceedingly well in the overseas markets, and we gained from higher volumes from our recent capitalizations of the BOPET plant in Hungary and BOPP plant in Thailand. The Technical Textiles Business reported an increase of 24% in its segment revenue from ₹401 crore to ₹497 crore during Q4FY22 over CPLY. The operating profit of the Technical Textiles Business increased 26% from ₹73 crore to ₹91 crore in Q4FY22 over CPLY. The Business witnessed significant growth in the Belting Fabrics and the Polyester Industrial Yarn segments, partially offsetting the weak demand for Nylon Tyre Cord Fabrics during the quarter. The Other Businesses reported an increase of 20% in its segment revenue from ₹78 crore to ₹93 crore in Q4FY22 when compared with CPLY. The operating profit of the Other Businesses decreased 53% from ₹9 crore to ₹4 crore in Q4FY22 over CPLY. Despite a difficult external environment, both Coated and Laminated Fabrics Businesses performed in line with expectations. Consolidated Annual Results Capex Chemicals Business Changes in the Board Vellayan Subbiah, who served as an Independent Director on the Board of the Company has now been appointed as the Non-Executive, Non-Independent Director, with effect from May 10, 2022. Innovation and Intellectual Property Awards and Recognition
Is SRF a good buy?“We are impressed with the management vision and continue to believe SRF is the best India chemicals story in the medium term,” it said while suggesting a target of Rs 2,460 on the stock.
What is record date for SRF bonus?PREMARKET. Did SRF share split?SRF Ltd. SRF has not split the face value of the share so far.
When did SRF share split?SRF Ltd. has not split the face value of the share since Jan 1, 2000. Is SRF Ltd. worth buying?
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