SRF Ltd Q3 PAT up 55.68% at Rs505.54cr on higher revenues and inventory efficiency gains

27 Jan 2022 , 01:09 PM

SRF Ltd reported 55.88% growth yoy in total revenues for the Dec-21 quarter on consolidated basis at Rs3,345.87cr. On a sequential basis, the revenues were higher for the quarter by 17.86%.

During the quarter, there was a surge across all the major verticals. The technicals textiles business saw growth in sales of 46.6% at Rs.538cr. The chemicals business saw revenues grow by 57.6% at Rs1,428cr.

The third important vertical of packaging films saw 59% yoy growth at Rs.1,276cr. Company approved interim dividend Rs.4.75 per share.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 55.68% at Rs505.54cr on higher revenues and with inventory efficiency gains offsetting the spike in material costs.

SRF also saw a sharp jump in power and fuel costs but these were largely compensated by higher sales revenues and inventory efficiency gains in the quarter. EBIT was sharply higher in technical textiles and the chemicals business.

Net margins tapered from 15.13% in the Dec-20 quarter to 15.11% in the Dec-21 quarter. Net margins were higher sequentially.

Financial highlights for Dec-21 compared yoy and sequentially

	SRF Ltd
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 3,345.87	₹ 2,146.41	55.88%	₹ 2,838.97	17.86%
Net Profit (Rs cr)	₹ 505.54	₹ 324.73	55.68%	₹ 382.46	32.18%
Diluted EPS (Rs)	₹ 17.06	₹ 10.96		₹ 12.91
Net Margins	15.11%	15.13%		13.47%