Chemical firm SRF Q3 results: Profit up 56% to Rs 506 cr; revenue up 56% to Rs 3,346 cr

Chemical firm SRF Q3 results: Profit up 56% to Rs 506 cr; revenue up 56% to Rs 3,346 cr

AgenciesUpdated: Tuesday, January 25, 2022, 04:35 PM IST
article-image
Except for the technical textiles segment, which was impacted by soft market conditions, every other segment performed exceedingly well, SRF Ltd Managing Director said./ Representative image |

Chemical firm SRF Ltd on Tuesday reported a 56 per cent increase in consolidated net profit to Rs 506 crore for the quarter ended December.

Its net profit stood at Rs 324 crore in the year-ago period.

Revenue from operation grew 56 per cent to Rs 3,346 crore during the third quarter of this fiscal year from Rs 2,146 crore in the corresponding period of the previous year.

SRF Ltd Managing Director, Ashish Bharat Ram said it has 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.'' He said the company remains cautiously optimistic about its performance going forward.

(With inputs from PTI)

RECENT STORIES

RBL Bank Reports 16% Rise In Net Profit To ₹160 Crore For The Second Quarter

RBL Bank Reports 16% Rise In Net Profit To ₹160 Crore For The Second Quarter

Logistics Services Operator Delhivery Reports Loss Of ₹50.49 Crore For The September Quarter...

Logistics Services Operator Delhivery Reports Loss Of ₹50.49 Crore For The September Quarter...

Pay, Flexibility & Purpose Become Gen Z's Mantra For Career Choices, Less Demand For Traditional...

Pay, Flexibility & Purpose Become Gen Z's Mantra For Career Choices, Less Demand For Traditional...

IndiGo Partners With Bluebox To Provide In-Flight Entertainment On Personal Devices To A321-XLR...

IndiGo Partners With Bluebox To Provide In-Flight Entertainment On Personal Devices To A321-XLR...

Sun Pharma Q2 Net Profit Up 3% At ₹3,118 Crore

Sun Pharma Q2 Net Profit Up 3% At ₹3,118 Crore