SRF reports 76% profit jump, board approves ₹250 crore capex
SRF reported a 75.5% increase in Q1 net profit to ₹758.9 crore, with revenue rising 31.8% to ₹5,033.3 crore. Despite strong earnings, shares fell 3%, reflecting market reaction to the results and a ₹250 crore capex approval.
pre-market1 source ↓written by the desknot a recommendation
- for Q1
- ₹758.9 crore
- Revenue rose
- 31.8%
- ₹5,033.3 crore
- plan
- ₹250 crore capex
Shares of SRF fell 3% despite a net profit surge of 75.5% to ₹758.9 crore for Q1. Revenue rose 31.8% to ₹5,033.3 crore, exceeding estimates. The board approved a ₹250 crore capex plan, indicating confidence in growth despite the stock's decline. Immediate market sentiment may be affected by the share price drop.
Not investment advice. For informational purposes only.