SRF delivered its highest-ever quarterly performance in Q1 FY2026-27, registering a massive broad-based beat across all core business segments. The company's consolidated net profit surged 76% YoY to ₹759 crore compared to ₹432.32 crore in the corresponding quarter of the previous year. According to reports from Business Standard, this represents a significant improvement in the company's bottom-line performance during the first quarter of FY27. The company's Earnings Per Share (EPS) stood at ₹25.60, compared with ₹14.58 in Q1 FY6, registering 75.58% YoY growth. Compared with ₹19.63 in Q4 FY6, EPS increased 30.41%.
The company's revenue from operations increased 32% YoY to ₹5,033 crore in Q1 FY27, demonstrating strong demand across all business segments. As reported by CNBC TV18, Chemicals revenue grew 26% YoY to ₹2,315 crore, Packaging Films revenue surged 42% YoY to ₹2,017 crore, and Technical Textile revenue increased 28% YoY to ₹597 crore. Total revenue came in at ₹5,067.17 crore, up 31.69% YoY from ₹3,847.74 crore and 9.20% from Q4 FY6. Compared with ₹4,615.17 crore in Q4 FY6, revenue increased 9.06%.
The company delivered strong performance across all business segments during Q1 FY27. Chemicals EBIT reached ₹638 crore, representing 27% YoY growth and 186% YoY increase. Packaging Films EBIT stood at ₹350 crore, showing 149% YoY growth. Technical Textile EBIT reached ₹108 crore, marking 186% YoY growth. The performance films and foil segment's EBIT was ₹508 crore with revenue at ₹5,764 crore, showing 17.3% margins compared to 9.9% in the previous fiscal. This segment's revenue share increased to 40.1% from 37.1% last year, while its contribution to EBIT rose to 31.3% compared to 20.2% in the year-ago period. The Technical Textiles business also posted healthy growth (28% YoY and 24% QoQ), aided by improved margins in Tyre Cord Fabrics and strong domestic and export demand for Belting Fabrics.
EBITDA (excluding Other Income) increased to ₹1,236.6 crore, compared with ₹829.84 crore in Q1 FY6, reflecting 49% YoY growth. EBITDA Margin stood at 24.6%, compared with 21.73% in Q1 FY6 and 22.22% in Q4 FY6, improving by 280 basis points YoY. The company's PAT Margin stood at 15.08%, compared with 11.32% in Q1 FY6 and 12.61% in Q4 FY6, improving by 376 basis points YoY and 247 basis points from Q4 FY6. Operating profit margin (OPM) improved to 25.04% in the June 2026 quarter compared to 22.20% in the corresponding quarter of the previous year. The company announced a ₹2.5 billion investment to set up a 25,000mtpa BOPET thick film line, demonstrating continued expansion plans.
Despite reporting robust quarterly performance, SRF share price crashed 9% to ₹2,622.60 on Thursday's trading session, making it the top loser among BSE 150 midcap index stocks. According to CNBC TV18, the selling pressure was attributed to management's weak commentary during the post-earnings conference call. The company's management indicated that overall business in the second and third quarters are likely to be softer than the June quarter, though they expect annual performance to be better. Prabhudas Lilladher has recommended a REDUCE rating on SRF with a target price of ₹2,482 in its research report dated July 23, 2026. The brokerage cited moderation in Performance Films margins expected from Q2FY27 as temporary benefits from supply disruptions recede, combined with subdued agrochemical demand and persistent oversupply from Chinese players in Specialty Chemicals.
