Chemical firm SRF Ltd delivered robust financial results for the quarter ended March 2026, with consolidated net profit rising 11% to ₹582.02 crore compared to ₹526.06 crore in the year-ago period. According to regulatory filings, the company's total income increased to ₹4,640.07 crore during the January-March period of 2025-26, up from ₹4,347.83 crore in the corresponding period of the preceding year. For the full fiscal year 2025-26, SRF reported a 47% increase in profit to ₹1,835.18 crore from ₹1,250.78 crore in 2024-25, while total income grew to ₹15,893.57 crore from ₹14,825.79 crore.
The company announced significant expansion plans with approximately ₹2,300 crore investment to establish a new plant in Odisha, following the acquisition of land in the state. As reported by The Economic Times, this represents an increase from the previously approved ₹1,100 crore capital expenditure for the new generation refrigerants project approved in October 2024. The project will include 20,000 tonnes per annum Hydrofluoroolefins (HFOs) plants to produce fourth-generation refrigerants and a 30,000 tonnes per annum Anhydrous Hydrogen Fluoride (AHF) plant with forward integration into value-added hydrogen fluoride (VHF) products. The facility is expected to be completed by February 28, 2028, and will be financed through a mix of debt and internal accruals.
Beyond the major Odisha project, SRF's board approved an ₹88 crore investment to expand existing HFC capacity at Dahej. According to the regulatory filing, this project is aimed at addressing projected future demand and is expected to be commissioned within the next few months, with requisite environmental clearance already in place. Following debottlenecking, the company's HFC capacity will increase to 65,000 tonnes per annum. The investment is driven by anticipated demand for HFOs and VHF and aligns with the company's strategic objective of strengthening its position in next-generation refrigerants and integrated fluorochemical value chains.
The company operates through a diversified business portfolio covering fluorochemicals, speciality chemicals, performance films & foil, technical textiles and coated and laminated fabrics. As reported by The Economic Times, SRF maintains 13 manufacturing facilities in India and one each in Thailand, South Africa and Hungary. The expansion initiatives are part of the company's strategic focus on strengthening its position in next-generation refrigerants and integrated fluorochemical value chains to capitalize on anticipated market demand.
