Textile 28-01-2022 Hits: 1955

SRF reports Q3 FY22 results

Textile 28-01-2022 Hits: 1955

28 January 2022, Mumbai:

The board has approved a second interim dividend at the rate of 47.5 percent amounting to Rs4.75 per share.

SRF Limited, a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates has announced its consolidated financial results for the third quarter and nine months ended December 31, 2021.

The company’s un-audited results were approved by the Board of Directors in a meeting held via video conferencing.

Consolidated Q3FY22 Financials
The consolidated revenue of the company grew 56% from Rs2,146cr to Rs3,346cr in Q3FY22 when compared with Corresponding Period Last Year (CPLY).

The company’s Earnings before Interest and Tax (EBIT) increased 66% from Rs479cr to Rs796cr in Q3FY22 when compared with CPLY. The company’s Profit after Tax (PAT) increased 56% from Rs324cr to Rs506cr in Q3FY22 when compared with CPLY.

Commenting on the results, Managing Director, Ashish Bharat Ram said, “It’s been an outstanding quarter for the company. Except for the Technical Textiles segment, which was impacted by soft market conditions, every other segment performed exceedingly well. We remain cautiously optimistic of our performance going forward.”

Interim Dividend

In the meeting, the board also approved a second interim dividend at the rate of 47.5 percent amounting to Rs4.75 per share. Earlier on July 28, 2021, the board had approved the first interim dividend at the rate of Rs12 per share.

On Thursday morning trade, SRF was trading at Rs2,392.15 per share lower by 3.06% on Sensex.

**The statistics mentioned in the above articles have been sourced from The Economic Times.

CREDITS: Business Standard ET

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