{"id":132511,"date":"2022-08-04T10:46:17","date_gmt":"2022-08-04T14:46:17","guid":{"rendered":"https:\/\/44.250.171.167\/?p=132511"},"modified":"2022-10-06T04:52:18","modified_gmt":"2022-10-06T08:52:18","slug":"srf-limited-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/srf-limited-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"SRF Limited Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"SRF Limited Q1 2023 Earnings Call\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/umr3H8ys6wM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from SRF Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/SRF\/\">SRF<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Rohit Nagraj from Centrum Broking asked about the fluoro specialty business, if the company is seeing any kind of demand contraction for the SRF business and view for FY23. Rahul Jain CFO replied that \u00a0given where energy prices are, the company has not seen any contraction and any of the customers looking to cancel orders or delaying it.<\/li>\n<\/ul>\n<ul>\n<li>Rohit Nagraj from Centrum Broking also enquired about ref gas pricing, and if it has stabilized or will it be increasing. Rahul Jain CFO answered that there has been increase in prices of some of the ref gases. Most of the increases happened over the last year or so. SRF is not seeing any large headwinds in terms of significant reduction in prices.<\/li>\n<\/ul>\n<ul>\n<li>Naushad Chaudhary with Aditya Birla asked about the capacity ramp up of the expected additional chloromethane capacity and the greenfield PTFE. Rahul Jain CFO answered that the chloromethane capacity can get capitalized in the next 2-3 weeks.<\/li>\n<\/ul>\n<ul>\n<li>Chintan Modi from Haitong Securities asked about the new investment pipeline of INR1,200-1,500 crore, if it includes the spec chem capex that is already under progress of about INR600-700 crores. Rahul Jain CFO answered that it is a new initiative that it has taken. SRF added that there will be new capex that will keep going on.<\/li>\n<\/ul>\n<ul>\n<li>Chintan Modi from Haitong Securities asked about the trend of EBITDA margins in specialty chemicals over last 3-4 years. Rahul Jain CFO answered that the EBITDA margin from a three year trend perspective for FY18, FY19 has been flattish. In FY20, FY21, FY22, all were in a growing position.<\/li>\n<\/ul>\n<ul>\n<li>Chintan Modi from Haitong Securities asked that after the PTFE plant commissions, what margins the company expects. Rahul Jain CFO answered that from what was budgeted, the company from a normalized perspective, SRF is about 40% higher in terms of EBITDA margin and GM should be in the range of 60-65% at current prices.<\/li>\n<\/ul>\n<ul>\n<li>Sumant Kumar from Motilal Oswal asked about chemical margins, if it will continue for the next 2-3 quarters as in 1Q23. Rahul Jain CFO replied that that margin should not be looked from a QonQ basis, but should be seen from a whole year perspective. On an annualized basis, there could be a margin expansion.<\/li>\n<\/ul>\n<ul>\n<li>Amar Mourya with AlfAccurate Advisors asked about when R gas 15,000 metric capacity is likely to commission and current utilization of R gas. Rahul Jain CFO answered that it is likely to be commissioned by 1Q24. And the utilization is almost full.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from SRF Limited (SRF) Q1 FY23 Earnings Concall Q&amp;A Highlights: Rohit Nagraj from Centrum Broking asked about the fluoro specialty business, if the company is seeing any kind of demand contraction for the SRF business and view for FY23. Rahul Jain CFO replied that \u00a0given where energy prices are, the company has not [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"SRF Limited Q1 FY23 Earnings Conference Call Insights #SRF #Q1 #FY23 #earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[8519],"class_list":["post-132511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-chemicals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":132372,"url":"https:\/\/alphastreet.com\/india\/srf-limited-srf-q1-fy23-earnings-concall-transcript\/","url_meta":{"origin":132511,"position":0},"title":"SRF Limited (SRF) Q1 FY23 Earnings Concall Transcript","author":"Sahil","date":"July 22, 2022","format":false,"excerpt":"SRF Limited\u00a0 (NSE:SRF) Q1 FY23 Earnings Concall dated Jul. 22, 2022 Corporate Participants: Ranjit Cirumalla -- Vice President Nitika Dhawan -- Head of Corporate Communications Rahul Jain -- President & Chief Financial Officer Analysts: Rohit Nagraj -- Centrum Broking -- Analyst Sanjesh Jain -- ICICI Securities -- Analyst Trilok --\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139682,"url":"https:\/\/alphastreet.com\/india\/srf-limited-srf-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":132511,"position":1},"title":"SRF Limited (SRF) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 1, 2023","format":false,"excerpt":"SRF Limited (NSE:SRF) Q3 FY23 Earnings Concall dated Jan. 31, 2023. Corporate Participants: Nitika Dhawan\u00a0--\u00a0Head of Corporate Communications Rahul Jain\u00a0--\u00a0President & Chief Financial Officer Analysts: Abhijit Akella\u00a0--\u00a0Kotak Securities -- Analyst Rohit Nagraj\u00a0--\u00a0Centrum Broking -- Analyst Sanjesh Jain\u00a0--\u00a0ICICI Securities -- Analyst Vishnu Kumar\u00a0--\u00a0Spark Capital -- Analyst Surya Patra\u00a0--\u00a0PhillipCapital -- Analyst Rohan\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":145728,"url":"https:\/\/alphastreet.com\/india\/srf-limited-srf-q4-fy23-earnings-concall-transcript\/","url_meta":{"origin":132511,"position":2},"title":"SRF Limited (SRF) Q4 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 11, 2023","format":false,"excerpt":"SRF Limited (NSE:SRF) Q4 FY23 Earnings Concall dated May. 10, 2023. Corporate Participants: Nitika Dhawan\u00a0--\u00a0Head of Corporate Communications Ashish Bharat Ram\u00a0--\u00a0Chairman and Managing Director Rahul Jain\u00a0--\u00a0President and Chief Financial Officer Analysts: Ranjit Cirumalla\u00a0--\u00a0IIFL Securities Limited -- Analyst Sanjesh Jain\u00a0--\u00a0ICICI Securities -- Analyst Amar Mourya\u00a0--\u00a0AlfAccurate Advisors Private Limited -- Analyst Rohit\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":137209,"url":"https:\/\/alphastreet.com\/india\/srf-limited-srf-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":132511,"position":3},"title":"SRF Limited (SRF) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"November 4, 2022","format":false,"excerpt":"SRF Limited (NSE:SRF) Q2 FY23 Earnings Concall dated Nov. 04, 2022 Corporate Participants: Nitika Dhawan -- Head of Corporate Communications Rahul Jain -- President and Chief Financial Officer Analysts: Sanjesh Jain -- ICICI Securities -- Analyst Rohit Nagraj -- Centrum Broking -- Analyst Ankur Periwal -- Axis Capital -- Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":131370,"url":"https:\/\/alphastreet.com\/india\/srf-limited-srf-q4-fy22-earnings-concall-transcript\/","url_meta":{"origin":132511,"position":4},"title":"SRF Limited (SRF) Q4 FY22 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 10, 2022","format":false,"excerpt":"SRF Limited (NSE: SRF) Q4 FY22 Earnings Concall dated May. 10, 2022 Corporate Participants: Ankur Periwal\u00a0--\u00a0Vice President of Media and Logistics Nitika Dhawan\u00a0--\u00a0Head of Corporate Communications Rahul Jain\u00a0--\u00a0President & Chief Financial Officer Analysts: Rohit Nagraj\u00a0--\u00a0Emkay Global -- Analyst Sanjesh Jain\u00a0--\u00a0ICICI Securities -- Analyst Amar Mourya\u00a0--\u00a0AlfAccurate Advisors -- Analyst Ankur Periwal\u00a0--\u00a0Axis\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":171841,"url":"https:\/\/alphastreet.com\/india\/srf-q2-fy26-earnings-results\/","url_meta":{"origin":132511,"position":5},"title":"SRF Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 27, 2025","format":false,"excerpt":"Incorporated in 1970, SRF Ltd manufactures and sells technical textiles, chemicals, packaging films, aluminum foils, and other polymers. Presenting below are its Q2 FY26 earnings results. \u00a0 Q2 FY26 Earnings Results Revenue from Operations: \u20b93,640 crore, up 6.4% YoY from \u20b93,420 crore in Q2 FY25. EBITDA: \u20b9774 crore, up 42%\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"SRF Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/SRF-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/SRF-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/SRF-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/SRF-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/SRF-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/SRF-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=132511"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=132511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=132511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=132511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}