InvestorQ : How were the quarterly results of SRF and why did the story rally so rapidly?
Anamika Sodhani made post

How were the quarterly results of SRF and why did the story rally so rapidly?

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Angel dcosta answered.
5 months ago
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SRF reported a strong performance in the Jun-21 quarter with net revenues up sharply by 75% at Rs.2,699 crore across its chemicals and technical textiles business. EBITDA margins improved by 50 bps at 24.6% in the Jun-21 quarter. The majority specialty chemicals business performed above par due to higher export sales. Even the fluorochemicals business saw good traction on the back of better sales realization.

In the Jun-21 quarter, the technical textiles business reported operating profit of Rs.134 crore in contrast to a small net loss last year. Long-term customers contributed to the overall performance of the technical textiles business. To cater to the rising demand for fluorochemicals from the refrigerant companies, the company is expanding capacity.

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