Srf

SRF, BPCL among top picks by Chandan Taparia of MOFSL for July 31

SRF has given trend line breakout on daily chart and holding well above the same.

SRF Q1FY25 results: Net profit down 30% to Rs 252 cr on weak global demand

The chemicals industry has been grappling with high inventory and destocking for the past few quarters, leading to continuous pressure on volume and margins, according to analysts

SRF gains 2% as street pins hopes on chemical business recovery in H2FY25

The rise in stock came on hopes of recovery in the chemical business, which will pick up pace in the second half of FY25

SRF Q4 results: Profit declines 25% to Rs 422 crore on lower income

Chemical firm SRF Ltd on Tuesday reported a 25 per cent decline in its net profit to Rs 422 crore for the quarter ended March 2024 on lower income. "The company's Profit After Tax (PAT) decreased 25 per cent from Rs 562 crore to Rs 422 crore in Q4FY24 when compared with the corresponding period of the last year," SRF said in a statement. The consolidated revenue of the company declined 6 per cent to Rs 3,570 crore in the fourth quarter of the last fiscal from Rs 3,778 crore in the year-ago period. In the 2023-24 fiscal, SRF's revenue decreased 12 per cent to Rs 13,139 crore from Rs 14,870 crore in the preceding year. The company's profit after tax decreased 38 per cent to Rs 1,336 crore in the last fiscal from Rs 2,162 crore in the 2022-23 fiscal. SRF Chairman and Managing Director Ashish Bharat Ram said, "While the general performance has been weak, we have seen a reasonable recovery in our chemicals business in the fourth quarter, as we had envisaged. We believe that this recove

Recovery in exports amid rising chemical prices to drive SRF stock

The demand-supply imbalance and margin pressures would be a key monitorable in the near to medium-term

Breakout stocks: SRF, Shoppers Stop can rally up to 10%, hint tech charts

Alok Industries and Chambal Fertilisers among others have recently bounced back above their 30-EMAs; charts suggest a possibility of an up move in the near-term.

SRF Q3 results: Profit more than halved to Rs 253 crore on global demand

Consolidated net profit after tax fell to 2.53 billion rupees (about $30 million) for the three months ended Dec.31 from 5.11 billion rupees a year ago

SRF Q2 results: Net profit declines 37% to Rs 301 crore on lower income

Chemical firm SRF Ltd on Friday reported a 37 per cent decline in its consolidated net profit to Rs 300.78 crore for the September quarter on lower income and announced a total capex of Rs 510 crore for setting up of facilities to produce agrochemical intermediate and packaging film. Its net profit stood at Rs 480.99 crore in the year-ago period. Total income fell to Rs 3,206.48 crore during the July-September period of the 2023-24 financial year from Rs 3,760.52 crore in the corresponding period of the previous year, according to a regulatory filing. SRF Chairman and Managing Director Ashish Bharat Ram said, "During the (second) quarter, we felt the brunt of the destocking and inventory rationalisation phenomenon in our chemicals business. Having said that, we are now beginning to see some positive traction that should bode well for a better second half of FY24. The overcapacity in our packaging films business will continue for some more time." The board has approved projects for

SRF hits 52-week low, slips 4% intra-day as Q1 PAT falls 41% from year ago

The management said the significant drop in profit was mainly due to the expected downcycle of the packaging films business and is expected to continue for the medium-term

Chemicals & polymers firm SRF posts 41% fall in profit on lower sales

Revenue for the company's packaging films business, which constitutes 32.8% of total revenue, fell 26.8%, while the chemicals segment's revenue, which comprises 49.7%, fell 3.6%

Chemicals & polymers firm SRF posts 41% fall in profit on lower sales

Revenue for the company's packaging films business, which constitutes 32.8% of total revenue, fell 26.8%, while the chemicals segment's revenue, which comprises 49.7%, fell 3.6%

SRF hits over 2-month low; slips 10% in three days on heavy volumes

In FY24, SRF's primary focus will be on profitability enhancement and further rationalisation of operating cost and working capital in the packaging film biz, its FY23 annual report said

More than skin-deep: Nifty Next 50 complexion to get a shade of difference

Removal of non-F&O stocks could lead to addition/subtraction of 11 stocks, triggering a Rs 5,000-crore churn

SRF posts 7% fall in profit on packaging margin hit in Jan-Mar quater

Consolidated net profit after tax stood at 5.62 billion rupees ($68.7 million) for the three months ended March 31, compared with 6.06 billion rupees a year earlier

India's SRF beats Q3 profit view on strong demand in chemical business

SRF saw strong demand from overseas markets, higher capacity-utilisation of facilities and significant cost-savings across all product streams

Measuring worth: Front-row seats to high return-on-equity stocks

A portfolio of richly valued RoE stocks is expected to outperform the broader market over the longer term.

Stocks to Watch: Adani Enterprises, Vi, Hero Moto, Amara Raja, Blue Star

Stocks to Watch: Vodafone India's net loss widened 6.4 per cent on a year-on-year (YoY) basis at Rs 7,595 crore in the second quarter of FY23 due to an increase in finance and operating expenses

Robust demand trends in chemicals biz, expansions positive for SRF stock

Company has increased capex for the business to tap into new opportunities

Investors brush aside tariff, margin concerns for SRF; stock rebounds

The stock has been under pressure on concerns related to the demand, its ability to sustain margins, and increased competitive pressures due to policy decisions

Strong chemicals business outlook likely to support the SRF stock

This could aid overall profitability, even though other segments may see margin moderation