SRF shares experienced a significant rally on Wednesday, surging 5% to touch an intraday high of ₹2,762 apiece, according to market reports. As of 1:20 PM, the stock was trading at ₹2,747.50 on the National Stock Exchange, representing an 8.91% gain. The chemical company's shares have demonstrated strong momentum over the past month, with a 13% surge, though they remain down 5% over six months and have declined over 10% from the beginning of the year. The company maintains a market capitalisation of ₹74,782 crore, reflecting the positive investor sentiment following strong quarterly results. The stock currently has 22 buy ratings, 6 hold ratings, and 7 sell ratings from analysts, with a Smart Score indicating a balanced long-term outlook.
SRF reported strong financial results for the quarter ended March 31, 2026, with consolidated net profit increasing 11% to ₹5,820.2 million compared to ₹5,260.6 million in the corresponding period of the previous year. The company's consolidated revenue rose 7% year-on-year to ₹46,400.7 million during Q4 FY26 from ₹43,478.3 million in the same quarter of the preceding year. Basic earnings per share from continuing operations increased to ₹19.63 from ₹17.75 a year ago, while diluted earnings per share also rose to ₹19.63 from ₹17.75 in the previous year. For the full financial year 2025-26, SRF's profit surged 47% to ₹18,351.8 million from ₹12,507.8 million in 2024-25, while total income grew to ₹158,935.7 million from ₹148,257.9 million. Operational EBIT jumped 29% to ₹3,008 crore for the full year, demonstrating strong operational efficiency across the company's diversified portfolio.
Segment-wise performance showed mixed momentum across SRF's business divisions during Q4 FY26. The Chemicals segment recorded a 4% increase in revenue to ₹2,448 crore, while the Performance Films and Foil segment posted a stronger 13% growth, with revenue rising to ₹1,596 crore. The Technical Textiles segment saw a 5% increase to ₹483 crore, and Other Businesses reported a marginal rise to ₹89 crore. For the full financial year FY26, SRF reported a 7% increase in revenue to ₹15,787 crore. Chairman and Managing Director Ashish Bharat Ram noted that the company delivered solid performance despite a volatile operating environment, with exports to the Middle East impacted during the quarter, while geopolitical uncertainty remains a key concern going forward.
The company announced plans to invest ₹2,300 crore to establish a new plant in Odisha, significantly revising its earlier capital expenditure plans. According to the company's filing, this follows the acquisition of land in Odisha, with the scope of the project being expanded from the previously approved ₹1,100 crore for new generation refrigerants. The revised plan includes setting up a 20,000 tonnes per annum HFO production facility, a 30,000 tonnes per annum HF plant, and manufacturing of value-added HF derivatives, along with investments in land development and utilities. The project, based entirely on SRF's in-house technology, will be implemented in phases, with completion of the final phase targeted by February 2028.
SRF's Co-Managing Director has flagged uncertainty in the global market situation while projecting 15-20% growth for the next year, as highlighted in the company's latest concall update. The management acknowledged that the company's sales to West Asia have been adversely impacted, noting that the region was a key market for the company. Despite near-term headwinds, the optimistic growth outlook reflects management's confidence in navigating the ongoing geopolitical and macroeconomic challenges. The Co-MD issued a warning regarding the prevailing uncertainty in the global market environment, underscoring management's recognition of evolving macroeconomic and geopolitical landscape that has begun to weigh on international business operations. Management specifically identified West Asia as a key market for the company, highlighting the significance of the disruption to the company's overall international revenue mix.
