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Growth in refrigerants, entry into new geographies to support SRF stock

Q3 performance was led by strong demand/realisations in the chemicals business

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3 min read Last Updated : Jan 29 2022 | 7:43 AM IST

The country’s largest specialty chemical company SRF is benefiting from the twin triggers of increased demand and higher pricing. This was reflected in the December quarter performance which beat estimates on all parametres. Led by a 58 per cent rise each in sales of chemicals and polymer and packaging segments, consolidated revenues grew 56 per cent y-o-y.

The incremental gains from the chemicals business, which accounts for 43 per cent of revenues, came from both exports and domestic markets and an expanding product portfolio. Growth in the business was led by refrigerants, specialty chemicals and chloromethanes, with refrigerants benefiting from

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