SRF reports 76% profit jump, shares decline 3%
after close1 source ↓written by the desknot a recommendation
- for Q1
- ₹758.9 cr
- Revenue rose
- 31.8%
- ₹5,033.3 cr
- as the board
- 3%
- capex
- ₹250 cr
SRF reported a net profit surge of 75.5% YoY to ₹758.9 cr for Q1, driven by strong growth in its Performance Films & Foil segment. Revenue rose 31.8% to ₹5,033.3 cr, exceeding estimates. Despite robust earnings, shares fell 3% as the board approved ₹250 cr capex, raising concerns among investors.
Not investment advice. For informational purposes only.