SRF Ltd. — Earnings Release 2026

May 5, 2026

SRF

| The Corporate Relationship Department,
BSE Limited
Ist Floor, New Trading Ring Rotunda
Building, P.J. Towers
Dalal Street,
Mumbai 400 001
Scrip Code- 503806 | National Stock Exchange of India Limited
“Exchange Plaza”
Bandra-Kurla Complex
Bandra (E)
Mumbai 400 051
Scrip Code-SRF |
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SRF/SEC/BSE/NSE
05.05.2026

Dear Sir,

Press Release

We enclose a copy of the Press Release issued by the Company as on the date of Board Meeting i.e. 5th May, 2026 on the performance of the Company.

Thanking you,

Yours faithfully,

for SRF LIMITED

RAJAT
LAKHANPAL
Digitally signed by
RAJAT LAKHANPAL
Date: 2026.05.05
15:42:58 +05'30'

RAJAT LAKHANPAL
Sr. VP (CORPORATE COMPLIANCE) & COMPANY SECRETARY

Encl: As above

SRF LIMITED
Block-C Sector 45
Gurugram 122 003
Haryana India
Tel: +91-124---4354400
Fax: +91-124---4354500
E-mail: info@srf.com
Website: www.srf.com
Regd. Office:
Unit No. 236 & 237, 2nd Floor
DLF Galleria, Mayur Place
Noida Link Road
Mayur Vihar Phase 1 Extension
Delhi 110091

Corporate identity No. L181010L1970PLC005197

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SRF We always find a better way

PRESS RELEASE

For immediate release

SRF Limited Delivers a Healthy Q4FY26 Performance with 7% Revenue Growth

Gurugram, May 05, 2026: SRF Limited, a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates today announced its consolidated financial results for the fourth quarter and year ended March 31, 2026. The Company's audited results were approved by the Board of Directors in a meeting held today.

Consolidated Q4FY26 Financials

The consolidated revenue of the Company increased 7% from ₹4,313 crore to ₹4,615 crore in Q4FY26 when compared with Corresponding Period Last Year (CPLY). The Company's Operational Earnings before Interest and Tax (EBIT) increased 12% from ₹906 crore to ₹1,011 crore in Q4FY26 when compared with CPLY. The Company's Profit after Tax (PAT) increased 11% from ₹526 crore to ₹582 crore in Q4FY26 when compared with CPLY.

Commenting on the results, Chairman and Managing Director, Ashish Bharat Ram said, "It was a good quarter for the Company, particularly in the context of the volatile environment in which we are operating. Exports to the Middle East were impacted during the quarter. While we remain confident about the path ahead, the prevailing geopolitical uncertainty continues to be a key concern".

Consolidated Q4FY26 Segment Results

The Chemicals Business reported an increase of 4% in its segment revenue from ₹2,355 crore to ₹2,448 crore during Q4FY26 over CPLY. The operating profit of the Chemicals Business increased 5% from ₹748 crore to ₹783 crore in Q4FY26 over CPLY. In Q4FY26, the performance of the Fluorochemicals Business was robust due to higher domestic and export volumes and realizations in HFCs and steady performance in Industrial Chemicals and Fluoropolymers. The Specialty Chemicals Business delivered an improved Q4 performance over Q3, despite pricing pressure and deferred orders, supported by cost and efficiency initiatives, a strengthened product pipeline from new launches, and steady progress on its Active Ingredients development journey.

The Performance Films & Foil Business reported an increase of 13% in its segment revenue from ₹1,412 crore to ₹1,596 crore during Q4FY26 when compared with CPLY. The operating profit of the Performance Films & Foil Business increased 47% from ₹105 crore to ₹154 crore in Q4FY26 over CPLY. In Q4FY26, the Performance Films and Foil Business delivered a healthy performance, driven by improved volumes and margins in BOPET and BOPP Films and a sustained focus on sustainable and value-added products.

Further, the Board of Directors, at its meeting held today, approved the indefinite deferment of the proposed BOPP Film manufacturing facility at Indore, Madhya Pradesh, involving a capital outlay of ₹490 crore, in view of changes in the operating environment of BOPP Films necessitating a reassessment of the investment.

Corporate Office: Block C, Sector 45, Gurugram, Haryana-122003

Regd. Office: Unit No. 236 & 237, 2nd Floor, DLF Galleria, Mayur Place, Mayur Vihar Phase I Extn, Delhi- 110 091

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SRF We always find a better way

PRESS RELEASE

The Technical Textiles Business reported an increase of 5% in its segment revenue from ₹458 crore to ₹483 crore during Q4FY26 over CPLY. The operating profit of the Technical Textiles Business increased 63% from ₹40 crore to ₹65 crore in Q4FY26 over CPLY. The Technical Textiles Business delivered an improved Q4 performance over Q3, despite a challenging business environment.

The Other Businesses reported a marginal increase in its segment revenue from ₹87 crore to ₹89 crore in Q4FY26 when compared with CPLY. The operating profit of the Other Businesses decreased 25% from ₹12 crore to ₹9 crore in Q4FY26 over CPLY. SRF retained its domestic market leadership in Coated Fabrics despite the slowdown.

Consolidated Annual Results

In FY26, SRF's revenue increased 7% from ₹14,693 crore to ₹15,787 crore over CPLY. The Company's Operational EBIT increased 29% from ₹2,336 crore to ₹3,008 crore over CPLY. The Company's Profit after Tax (PAT) increased 47% from ₹1,251 crore to ₹1,835 crore when compared with CPLY.

Capex

The Board had approved a capital expenditure of ₹1,100 crore for the new generation Refrigerants project in October 2024. Following the acquisition of land in Odisha, the scope of the project has been revised. The Company now plans to invest approximately ₹2,300 crore in this project. The revised scope includes a 20,000 tons per annum HFO production facility, a new HF plant with a capacity of 30,000 tons per annum, and the manufacture of value-added HF derivatives. In addition, the capital outlay will cover initial investments towards land development and utilities. It is important to note that this investment is based entirely on the Company's in-house, non-infringing technology. The project will be implemented in phases, with the final phase expected to be completed by February 2028.

The Board has also approved a project to expand the existing HFC capacity at Dahej, in line with the Company's HCFC entitlements under the Kigali Amendment. The project entails an estimated investment of ₹88 crore and is aimed at addressing projected future demand. The project is expected to be commissioned within the next few months, and the requisite environmental clearance is already in place. Following debottlenecking, the Company's HFC capacity will increase to 65,000 tons per annum.

Innovation and Intellectual Property

As of March 31, 2026, the Company has applied for five hundred and twenty-one patents, with fifteen patents applied during the quarter. To date, the Company has been granted one hundred and fifty-six patents globally.

Awards and Recognition

1. SRF has been recognized as the Procurement Champion at the ISCM India Procurement Ranking 2026.

Corporate Office: Block C, Sector 45, Gurugram, Haryana-122003

Regd. Office: Unit No. 236 & 237, 2nd Floor, DLF Galleria, Mayur Place, Mayur Vihar Phase I Extn, Delhi- 110 091

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SRF We always find a better way

PRESS RELEASE

1. SRF Industries (Thailand) Ltd. has been honored with the Green Star Award by the Industrial Estate Authority of Thailand.

About SRF Limited

With an annual turnover of ₹15,416 crore (US$ 1.6 billion), the Company's diversified business portfolio covers Fluorochemicals, Specialty Chemicals, Performance Films & Foil, Technical Textiles and Coated and Laminated Fabrics. Anchored by a strong workforce of over 9,500 employees from different nationalities working across thirteen manufacturing facilities in India and one each in Thailand, South Africa and Hungary, the Company exports to 90+ countries.

Equipped with state-of-the-art R&D facilities, SRF has filed 521 patents for R&D and technology so far, of which 156 have been granted. A winner of the prestigious Deming Prize for two of its businesses, namely Tyre Cord and Chemicals, SRF continues to redefine its work and corporate culture with TQM as its management way.

For further information, please contact:

Nitika Dhawan | AVP & Head - Corporate Communications | nitika.dhawan@srf.com

Corporate Office: Block C, Sector 45, Gurugram, Haryana-122003

Regd. Office: Unit No. 236 & 237, 2nd Floor, DLF Galleria, Mayur Place, Mayur Vihar Phase I Extn, Delhi- 110 091