SRF rose 2.99% to Rs 3,335 after the company said that a few plants belonging to the essential goods value chain in the Dahej chemicals complex in Gujarat have resumed operations after permissions from local authorities.
The company said its other plants will commence operations as and when permissions from local authorities are received. The management continues to monitor the situation closely and is taking appropriate actions as per directions from local, state government and central government authorities, SRF announced after market hours on Thursday, 9 April 2020.SRF's consolidated net profit soared 107% to Rs 342.99 crore in Q3 December 2019 (Q3 FY20) as against Rs 165.71 crore reported in Q3 December 2018 (Q3 FY19), primarily on account of lower tax expenses. Net sales rose 3.1% year-on-year (YoY) to Rs 1,807.45 crore in Q3 FY20.
SRF is engaged in manufacturing of chemicals and polymers, technical textiles and packaging films. As of 31 December 2019, the company has applied for 190 patents, with 8 patents applied during this quarter. It has been granted sixty patents globally till date.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app