SRF reported 96% jump in consolidated net profit to Rs 381 crore on 40% jump in revenue from operations to Rs 2,608 crore in Q4 FY21 over Q4 FY20.
The company s Earnings before Interest and Tax (EBIT) increased 73% to Rs 575 crore in Q4FY21 over Q4FY20.
The company s chemicals business reported an increase of 31% in its segment revenue to Rs 1,153 crore during Q4FY21 from Rs 882 crore reported in the corresponding period last year.
During the quarter, the specialty chemicals business performed exceptionally well owing to a strong demand from the overseas markets and enhanced volumes of certain key products supplied to our major customers in Europe. The fluorochemicals business is witnessing an impact of the micro lockdowns and certain restrictions imposed by the local authorities as a part of COVID-19 response measures which, though currently not significant, may have an adverse impact on business performance in the short term.
SRF Ltd Q4FY21 consolidated PAT rises to Rs 380 92 crore
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SRF tumbled 5.32% to Rs 5,467 after the company s consolidated net profit fell 5.3% to Rs 324.73 crore on 17.8% surge in net sales to Rs 2,129.43 crore in Q3 December 2020 over Q3 December 2019.
Consolidated profit before tax (PBT) soared 72.7% to Rs 443.23 crore in Q3 December 2020 as against Rs 256.58 crore in Q3 December 2019. Current tax expense for the quarter stood at Rs 118.50 crore as against a tax rebate of Rs 86.41 crore in Q3 December 2019. The Q3 result was declared at the fag end of market hours yesterday, 21 January 2021.
Consolidated Earnings before Interest and Tax (EBIT) jumped 42% to Rs 479 crore in Q3 FY21 from Rs 337 crore in Q3 FY20 (when compared with CPLY). Net of one-time tax adjustments in CPLY, the consolidated PAT soared 46% to Rs 324 crore in Q3 December 2020 over Rs 221 crore in Q3 December 2019.
SRF net down 6 per cent in Q3
January 21, 2021
It reported a 6% decline in net profit for the quarter ended December 31, 2020 at ₹324 crore
SRF Limited, a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates, on Thursday reported a 6 per cent decline in net profit for the quarter ended December 31, 2020 at ₹324 crore (₹345 crore).
For the quarter under review, the consolidated revenue grew 16 per cent to ₹2,146 crore (₹1,850 crore). The Board of Directors of the company has declared an interim dividend (second this fiscal) of ₹19 per share.
For the nine months period ended December 31, SRF has reported a net profit of ₹817 crore, up 13 per cent over net profit of ₹722 crore in same period last fiscal. Total revenue grew 8 per cent to ₹5,792 crore (₹5,352 crore)
Coach and Captain
Ashish Bharat Ram is putting the pedal to the metal at SRF as focus on chemicals and exports pays off
Ashish Bharat Ram, MD, SRF
Despite running a company that has been increasing revenues at a compounded annual growth rate (CAGR) of over 12 per cent over the past four years, Ashish Bharat Ram thinks growth is not his biggest concern. He says while he does talk about growth and aspirations, he wants to ensure that when he goes to sleep at night, he doesn t have to worry about something that went wrong.
This doesn t mean taking off the thinking cap. Business strategy is something where the mind works 24x7. I might wake up at five in the morning with some crazy idea. I would send an email to one of my CEOs [he has four]. We chat about it and build upon the idea. Sometimes, it can be a stupid idea and we throw it out. If it has merit, we figure out how we are going to take the discussion forward, he says.
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