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SRF Limited Announces Fourth Quarter and Full-Year Fiscal 2024 Financial Results

SRF Limited Announces Fourth Quarter and Full-Year Fiscal 2024 Financial Results
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SRF Limited reports 14% decline in consolidated sales in Q1FY24, approves interim dividend of 36 per cent

Chemical company SRF Limited reported a 14% decrease in consolidated sales, a 37% decrease in EBIT, and a 41% decrease in PAT for Q1FY24 compared to the same period last year. The Packaging Films Business saw a 27% decline in revenue, while the Chemicals Business saw a 4% decline.

SRF Revenue Falls 14% To ₹3,338 Cr In Q1FY24

SRF Revenue Falls 14% To ₹3,338 Cr In Q1FY24
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Features | Labels & Labeling

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SRF expands films production in India

Once complete, this new facility will house a 10.4m wide Bruckner make film line complemented by a metallizer. Prashant Mehra, president and CEO, Packaging Films Business, Coated Fabrics Business, Laminated Fabrics Business at SRF, says the BOPP market in India is growing at 10-12 percent per annum, driven by the expansion of FMCG companies.

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