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AlphaStreet Analysis

SRF Limited Shares Edge Lower After Q3 FY26 Earnings

SRF Limited (NSE: SRF, BSE: 503806) shares closed at ₹3,027 on Wednesday, down approximately 0.15% from the prior session’s close, following the company’s announcement of its third quarter fiscal 2026 results.

Market Capitalization

At the close of trading, the company’s market capitalization stood at approximately ₹79,300 crore.

Latest Quarterly Results

For the quarter ended December 31, 2025, SRF Limited reported consolidated revenue of about ₹3,712.5 crore and net profit of roughly ₹432.7 crore. Revenue increased by 6.3% year over year, while net profit rose by about 59.6% compared with the corresponding quarter of the previous fiscal year.

Segment Highlights:

• Chemicals Business: Revenue of about ₹1,825 crore, up 22% year‑on‑year.
• Fluorochemicals: Strong contribution from refrigerants and intermediates.
• Performance Films & Foil: Slight revenue decline with a minor rise in segment profit.
• Technical Textiles: Lower revenue and operating profit year‑on‑year.
• Other Businesses: Marginal contraction in revenue with a small profit increase.

Financial Trends

Full-Year Results Context

For fiscal year 2025, SRF reported annual revenue of approximately ₹14,693 crore, up 12% from ₹13,139 crore in FY24. Net profit stood at about ₹1,251 crore, broadly stable year‑on‑year.

Business & Operations Update

The company’s board approved a capital expenditure of around ₹180 crore for a new pharma intermediates facility at Dahej. A second interim dividend of ₹5 per share was also declared during the quarter.

M&A or Strategic Moves

No mergers, acquisitions, or major strategic transactions were announced alongside the quarterly results.

Equity Analyst Commentary

Institutional research cited competitive pressure from Chinese imports in selected product categories. Brokerage commentary maintained a neutral stance on SRF’s performance, noting the chemicals segment as the primary contributor to growth.

Guidance & Outlook

SRF did not issue formal quantitative guidance for upcoming quarters. Key monitoring areas include margins in non‑chemicals businesses, operational progress in technical textiles, and execution of expansion projects.

Performance Summary

SRF Limited shares ended marginally lower following the Q3 FY26 earnings release. The quarter recorded 6% revenue growth and nearly 60% profit growth year‑on‑year, with chemicals leading overall performance.