SRF Ltd. — Interim / Quarterly Report 2025

Oct 22, 2024

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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

SRF/SEC/BSE/NSE

22.10.2024

Dear Sir,

Unaudited Financial Results for the quarter and half year ended 30.09.2024 alongwith Limited Review Report for the quarter and half year ended 30.09.2024

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors at its meeting held today i.e 22[nd] October, 2024 (commenced at 10.45 a.m. and concluded at 02.55 p.m.) has inter-alia considered and approved –

1. Unaudited Consolidated Financial Results for the quarter and half year ended 30.09.2024 (copy enclosed alongwith Limited Review Report by Statutory Auditors for quarter and half year ended 30.09.2024)

2. Unaudited Standalone Financial Results for the quarter and half year ended 30.09.2024 (copy enclosed alongwith Limited Review Report by Statutory Auditors for quarter and half year ended 30.09.2024)

Thanking you,

Yours faithfully,

For SRF LIMITED

RAJAT Digitally signed by RAJAT LAKHANP LAKHANPAL Date: 2024.10.22 AL 15:00:14 +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

SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.

Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phase - II Gurugram - 122 002, India Tel: +91 124 719 1000 Fax. +91 124 235 8613

Chartered Accountants

8 S R & Co. LLP

Limited Review Report on unaudited standalone financial results of SRF Limited for the quarter ended 30 September 2024 and year to date results for the period from I April 2024 to 30 September 2024 pursuant to Regulation 33 and Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/ HS/P/CIR/2021/613 dated 10 August 2021, as amended

To the Board of Directors of SRF Limited

• I. We have reviewed the accompanying Statement of unaudited standalone financial results of SRF Limited (hereinafter referred to as "the Company") for the quarter ended 30 September 2024 and year to date results for the period from 1 April 2024 to 30 September 2024 (the Statement").

• This Statement, which is the responsibility of the Company's management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (Listing Regulations"), as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/ HS/P/CIR/2021/613 dated IO August 202 I, as amended. Our responsibility is to issue a report on the Statement based on our review.

• We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants oflndia. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

• Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) of the Listing Regulations, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 202 I , as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For B S R & Co. LLP Chartered Accountants

Gurugram 22 October 2024

Finn's Registration No.:101248W/W-100022 Ashish Bansal ­ Partner Membership No.: 077569 UDIN: 24077569BKLTOG3035

Registered Office:

8 S R & C o (apartnership firm with Registration No. BA61223) converted into B S R & C o LLP (a Limited Liability Partnership with tLP Registration No AA8-8181) with effect from October 14, 2013

14th Floor, Central B Wing and North C wing, Nesco T Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063

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SRF LIMITED

STANDALONE FINANCIAL RESULTS

FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2024

SRF-General [Restricted use] - This mail, document can be used by recipients far its intended purpose only

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SRF LIMITED

Registered Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place, Naida Link Road, Mayur Vihar Phase I Extn, Delhi - 110091 Tel. No (Regd office) : (+91-11) 49482870 Fax : (+91-11) 49482900

E-mail: info@srf com Website: www.sf.com CIN --L18101DL1970PLC005197

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2024

(Rs. in Crores, except per share data)

				(Rs.inC	(Rs.inC	rores, except	per share dat)
				Stndalone
S.No.	Parcular	30-Sep-24	Quarer Ended 30-Jun-24	30-Sep-23	Half Yar 30-Sep-24	Ended 30-Sep-23	Year Ended 31-Mar-24
		(1)	(2)	(3)	(4)	(5)	(6)
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1	Revenue from operations
	a. Sale of producs	2615.87	2676.63	2532.	529250	5259.28	10565.92
	bOther operatng revenues	87.66	59.67	54.21	147.33	101.42	220.75
	Totl Revenue fom operatons	2703.53	2736.30	2586.98	5439.83	5360.70	10786.67
2	Other income	43.55	35.07	38.11	78 62	59.08	119.42
3	Totl Income	2747.08	271.37	2625.09	5518.45	5419.78	10906.09
4	Expenses
	a.Cost ofmaterals consumed	1382.55	1357 95	1191.09	274050	2561.20	5196.28
	b.Purchasesof stock-in-trade	18.74	29.12	18.52	47 86	38.78	83.61
	c.Changes ininventores of fnishedgoods,wor-in-prgressand stock in trade	(5029)	(39.06)	21.35	(8935)	(40 45)	(114 32)
	d.Employeebeneftsexpense	211.16	211.17	19202	422.33	373.98	790.33
	e Finance cst	7201	75.70	6327	147.71	115.77	235 60
	f.Deprecationand amorisaton expense	15839	155.05	133.21	313.44	261.85	555.85
	g.Powerand fuel	285 22	284.50	288.9	569.7	587.01	113490
	h.Exchange curency fucuation(gain)/loss	16 59	23.13	23.64	39.7	46 04	7893
	i.Other expenses	349.35	337.51	277.73	686.86	568.76	1227.03
	Totl expenses	243.72	2435.07	2209.32	4878.79	4512.94	9188.21
5	Proft before tx for the period	303.36	336.30	415.7	639.66	906.84	1717.88
6	Tax expense
	- Taxexpense	78.25	86.36	107.05	164.61	23272	44443
	- Tax adjustment relatedto earier years	-	-	-	-	-	(100.58)
7	Net Proft afr tx fr te period	225.11	249.94	308.72	475.05	674.12	1374.03
8	OerComprhensiveIncome
	A.Items thatwinotbe reclassifedtoproforloss
	(i)(a)Gain/ (loss) on remeasurement ofdefned beneft obligation	5.09	(3.48)	2.41	1.61	(731)	(4.59)
	(i)b)Income tax oniem(i)(a) above	(1.28)	0.88	(0.61)	(0.0)	1.84	1.16
	B.Itemsthatwilbe reclassifedtoproftor loss
	(i)(a)Efecveporion ofgain/ (loss) on hedging instruments in acshfow hedge	(36.98)	51.86	(42.84)	14.88	60.68	127 90
	(i)(b)Income tax on item (i)(a) above	9.31	(13.05)	10.78	(3.74)	(15.27)	(32.19)
	(i)(a)Costof hedgingresere	(205)	(0.91)	(2.12)	(2.96)	(1.06)	(1.70)
	(i)(b)Incometax onitem (i)(a) above	0.52	023	0.54	0.75	0.27	0.43
9	TotlOtherComprehensiveIncome/ (oss) fr the period	(25.39)	35.53	(31.84)	10.14	39.15	91.01
10	TotlComprehensiveIncome forte perod	199.72	285.47	276.88	485.19	713.27	1465.04
11	Paidupequiy sharecpial(Rs.10each fulypaid up)	296.42	296.42	296.2	296.42	296.42	296.2
12	Other equity excuding revaluation resere	10598.99	10503.86	9566.96	10598.99	9566.96	10216.27
13	Net Worh'	1089541	1080028	9863.38	10895.41	9863.38	1051269
14	CapialRedemption Resere	10.48	10.48	10.48	10.48	10.48	1048
15	BasicandDiluted EPS fortheperod(not annualsed)	759	8.43	10.42	16.03	22.74	46.35

Net Worth= Paid up share capital (excluding forfeited shares)+ Other equity

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RF -General [Restricted use] - This mail, document can be used by recipients for its intended purpose only

e/ SE ­

SRF LIMITED

Registered Office:The Galleria, DLF Mayur Vihar, Unit No, 236 & 237, Second Floor, Mayur Vihar Place, Neida Link Road, Mayur Vihar Phase I Extn, Delhi - 110091 Tel. No (Regd office): (+91-11) 49482870 Fax : (+91-11) 49482900

E-mail: info@srf com Website: www.srf.com CIN - L 18101 DL1970PLC005197

STATEMENT OF STANDALONE UNAUDITED SEGMENT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2024

							(Rs in Crores)
				Stndalone
			Quarer Ended		Half Year	Ended	Year Ended
	Paricular	30-Sep-24	30-Jun-24	30-Sep-23	30-Sep-24	30-Sep-23	31-Mar24
		(1)	(2)	(3)	(4)	(5)	(6)
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Segment Revenue
a) Technicl Texiles Business (TTB)		535.53	525.29	506.15	1060.82	970.80	1898.01
b) Chemicls Business (CB)		1345 10	1467.52	1407.01	2812.62	3054.24	6237.33
c) Packaging Film Business (PFB)		712.51	622.96	550 41	1335.47	1093.88	2197.18
d)Others		112 81	12616	126.86	238 97	245.57	465.30
Total Segment Revenue		2705.95	2741.93	2590.43	547.88	5364.49	10797.82
Less: InterSegmentRevenue		2.2	5.63	3.5	8.05	3.79	11.15
Revenue from Operatons		2703.53	2736.30	2586.98	5439.83	5360.70	10786.67
Segment Result
(Profbefore interest andtxfromeachSegment)
a) Technicl Texiles Business (TTB)		71.21	67.56	7482	138.77	135.33	273.68
b) Chemicls Business (CB)		246 43	307.05	349.32	553.8	809.99	162848
c) PackagingFilm Business (PFB)		77.02	46.73	50.34	123.75	81.58	122.55
d)Others		17.19	2357	33.09	40.76	56.25	93.02
Totl Segment Result		411.85	4.91	507.57	856.76	1083.15	2117.73
Less/(Add):
I) Finance Cost		7.01	75 70	63.27	147.71	115.77	235,60
Ii)OtherUnalocble Expenses(net of income)		36.8	32 91	2853	69.39	60.54	164.25
Proft befre tx for the period		303.36	336.30	415.7	639.66	906.84	177.88
Segment Asset
a) Technicl TexilesBusness (TTB)		2152.3	2102.89	1941.6	2152.3	1941.46	2041.96
b) ChemicsBusiness (CB)		10703.36	10729 30	10266.34	10703.36	1266.34	10689.28
c) PackagingFilmBusiness (PFB)		2483.80	247.98	2324.25	2483.80	232425	2321.37
d) Others		20446	197.40	160.39	20446	160.39	178.30
Totl segment asset		1554.05	15502.57	14692.4	1554.05	14692.4	15230.91
e) Unallocble		2101.30	2211.02	1579 55	2101.30	1579.55	2133.73
Total		1645.35	17713.59	16271.99	1645.35	16271.99	17364.64
Segment Liabities
a) Technicl TexilesBusiness (TTB)		461.36	557.6	514.81	461.36	514.81	525.38
b)Chemicls Business (CB)		89784	1005.76	931.64	897.84	931.64	1033.67
c)PackagingFilm Business (PFB)		590.9	648.18	711.55	590.9	711.55	622.3
d) Others		4232	57.75	41.31	42.32	41.31	41.60
Total segment liabilities		1992.01	2269.15	2199.31	1992.01	2199.31	2223.08
e) Unallocable		4756.91	4643.13	4208.28	4756.91	420828	4627.85
Total		6748.92	6912.28	6407.59	6748.92	6407.59	6850.93

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SRF - General [Restricted use] - This mail, document ran be used by recipients for its intended purpose only

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SRF LIMITED

Registered Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place, Noida Link Road, Mayur Vihar Phase I Extn, Delhi- 110091 Tel No (Regd office) : (+91-11) 49482870 Fax: (+91-11) 49482900

E-mail: info@srf com Website: wwwsf cor CIN - L 18101 DL1970PLC005197

NOTES TO STANDALONE UNAUDITED FINANCIAL RES UL TS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2024

The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 22, 2024 The review report of the Statutory Auditors is being filed with BSE Limited and National Stock Exchange of India Limited, For more details on the standalone results, visit the Investors section of our website at wwwsrf com and financial results at ''Corporates Announcements'' section of wwwnseindia com and www bseindia com

• 2 These financial results of the Company have been prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India

• 3 The listed commercial papers aggregating lo Rs 400 crores were outstanding as on September 30, 2024 The Company's commercial paper programme has been rated as CRISIL A1+ by CRISIL and IND A1+ by India Ratings During the quarter ended September 30, 2024, the Company has repaid all commercial papers due and payable on the respective due dates

• 4 Additional disclosures as per Clause 52 (4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

						(Ratios / percentges	(Ratios / percentges	as applicable)
					Standalone
SI. No.	Paricular	30-Sep-24	Quarer Ended 30-un-24		30-Sep-23	Half Year 30-Sep-24	Ended 30-Sep-23	Year Ended 31-Mar24
		(1)	(2)		(3)	(4	(5)	(6)
		Unaudited	Unaudited		Unaudited	Unaudited	Unaudited	Audited
1	Debt sericcoverge rato[(Earings befre depreciation,interest andtax­	211		207	3 33	2 09	3 16	3 34
	current tax) / (Gross interest and lease payments+scheduled principal
	repayment of long termdebts)] - Notannualised
2	Interest serice coverage ratio[(Earings before depreciation,interest and tax	563		5 80	683	571	7 35	7 35
	current tax) / Grossinterest and leasepayments] - Notannualised
3	Bad debts to accounts receivable ratio% (Bad debts including provision for	0 06%		-	-	0 06%		-
	doubtul debts/Averagetradereceivabes) - Notannualised
4	Debtors turover(Sale of prducts/Average trade receivables) - Annualised	6.53		6.84	6.96	6.72	74	710
5	Inventorturover (Sale of products/Averageinventor) - Annualised	5 13		549	5 19	532	553	564
6	Operatingmargin % (Earningsbefore interest and tax /Totalrevenuefrm	13.88%	15 06%		18 52%	14 47%	19 08%	18 11%
	opertions including other operating income)-Not annualised
7	Net prf margin % (Proftafer tax /Total revenuefom operations including	833%		913%	1193%	8.73%	12 58%	12.74%
	other operating income) - Notannnualsed
8	Debt equityratio (Total debt includinglease liabilities/Total equity)	035		034	0.3	035	0.34	0.35
9	Long terdebt to workingcpital[(Non current borrwings + current maturities	2 32		2 37	1.84	2 32	1.84	2.83
	of long term borowings+lease liabilities) / Woring cpital]
10	Total debts to total assets (Ttal debt including lease liabilites/Ttal assets)	0.22		021	021	022	021	0.21
11	Current ratio(Ttal curent assets/Totalcurrent liabilites)	1.25		1 25	138	1.25	1.38	1.23
12	Curent liabilityratio (Total current liabilities/Total liabilities)	061		061	054	061	0.54	059

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SRF LIMITED

Registered Office:The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place, Naida Link Road, Mayur Vihar Phase I Extn, Delhi- 110091

Tel. No (Regd office) : (+91-11) 49482870 Fax : (+91-11) 49482900

E-mail: info@srf.com Website: www.srf.com CIN - L18101DL1970PLC005197

NOTES TO STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2024

5 Standalone unaudited statement of assets and liabilities as at September 30, 2024

		(RsinCrore)
	As	at
Paricular	30-Sep-24	31-Mar-24
	Unaudited	Audited
ASSETS
Non-currentassets
Prper, plant and equipment	10103.10	1007820
Right-of-use assets	234.32	248.59
Capital wor-in-progress	798,58	74.79
Oher intangible assets	108 51	111.76
Financial assets
investments	630.79	629,77
Loans	51.03	50,04
Othersfnancial assets	169 56	190.48
Other taxassets (net)	239.11	206,85
Other non-curent assets	141.29	114.23
Totl non-current asset	1247629	12374.71
Current asset
Inventores	207967	1901.01
Financial assets
Investments	45681	405.58
Trade receivables	1612,38	1538.00
Cash andcsh equivalents	10530	361.77
Bank balances other than above	16.82	8.21
Loans	379.98	322,05
Otherfnancial assets	238,99	201.8
Other curent assets	279.11	251.83
Total current asset	5169.06	4989.93
Tot Iasset	1645.35	1364.64
EQUIT AND LIABILITIES
Equit
Equitshare cpital	297.4	297.4
Other equit	1598.99	10216.27
Total equit	10896.43	10513.71
Liabities
Non-current labities
Financial liabilities
Borowings	1418.61	166206
Lease liabilities	67.80	815
Otherfnancialliabities	13.45	0.80
Provisons	65.32	60.96
Defered tax liabities (net)	923.03	880.28
Other non-curent liabilities	118.77	122.75
Totl non-current labilites	2606.98	2808.60
Current labities
Financial liabilities
Borowings	2296 03	1949.45
Leaselabilites	28.4	2751
Tradepayables
(a) Total outstanding dues of micro enterrses and smalenterrses	60.29	84 28
(b)Total outstanding dues of creditors otherthanmicrenterrses and smalenterrses	1563.48	148353
Otherfnancial liabilities	111.08	404.56	LIM
Other curentliabilities	62.86	73.97
Provsons	8.02	7.27
Curent taliabites (net)	11.74	11.76	z
Totl current liabities	4141,94	404233	F
Total liabiles	6748.92	6850.93	Np?
Totl equit and liabilities	1645.35	1736464

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SF General [Restricted use] This mail, dorument tan be used by recipients for ts intended purpose only

srF

SRF LIMITED

Registered Office:The Galleria, DLF Mayur Vihar, Unit No 236 & 237, Second Floor, Mayur Vihar Place, Naida Link Road, Mayur Vihar Phase I Exdn, Delhi - 110091

Tel No (Regd office) : (+91-11) 49482870 Fax : (+91-11) 49482900

E-mail: info@srt.com Website: www sf.com CIN -- L 18101DL1970PLC005197

NOTES TO STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2024

6 Standalone unaudited cash flow statement for the half year ended September 30, 2024

			(R.in Cror)
		Half Year Ended
	Paricular	30-ep-24	30-Sp-23
		Unauditd	Unaudited
A	CASH FLOW FROM OPERTING ACTIVITIES
	Proft before tax	639 66	90684
	Adjustments for:
	Financ costs	14771	115 77
	Interest Income	(31.96)	(24 90)
	Net gain on sale ofprpery,plant and equipment	(0,08)	(0 05)
	Netgain onfnancial assets measured atfairvalue throughprofand loss	(1772)	(11 5)
	Credit impaird assets provided / wrtten of / (wrtten bac)	1.08	(0 18)
	Amorisation of grant incme	(4.80)	(11 69)
	Depreciation and amorisaton expense	313 44	261 85
	Proper,plantand equipment andinventordiscrdedfprvided	2.18	6.38
	Insuranceincome against Propery,plant and equipment	(9.37)	.
	Provison / liabilities no longer required wrten bac	(10 84)	(3 55)
	Net curenc excange fucuaton (gain) / loss	30 82	(36 51)
	Employeeshare basedpayment expense	4 26	4 27
	Stampdulyonpurchase ofinvestments	0 05	0 07
	Adjustments for (increase) / decrease in operting assets:­
	Trade receivables	(71.53)	43 67
	Inventores	(178.94)	(10702)
	Loans(curent)	(0 70)	(047)
	Loans (non-curent)	(0,99)	(271
	Otherassets (curnt)	(5 16)	44 01
	Other assets (non-curent)	481	(5 98)
	Adjustmentsrorincrease/ (decrease)in operatng liabilities :-
	Tradepayables	54.79	(95 27)
	Provisions	5.10	545
	Olher liabilities (non-curent)	1.29
	Other liabilities{curent)	(12051)	(39 99)
	Cash generted from opertions	752.59	14.4
	Incme taxes paid (net of rfnds)	(154 45)	(189 20)
	Net csh generted fom operting actiies	598.14	85.25
8	CASHFLOW FROM INVESTINGACTIVITIES
	Net purchases of curent investments	(3351)	(51,68)
	Stampdut onpurchase of investments	(0 05)	(0 07)
	Purhase of non-currentinvestments	(127)	(19 33)
	Sale of non-crent investments	-	411
	Interest recved	16 28	20 02
	Bankbalances not considered ascsh andcsh equivalents	(8 57)	042
	Deposilmadewith NonBankingFinancal Company (NBFC)	(50.00)
	Payment forpurchase of prpery,plant and equipment, cpital wor-in-	(54596)	(111236)
	progrssand other intangible assets
	Proceedsfrom disposal of prpery,plantand equipmenl	2 94	146
	Govermentgrant recived	17 52
	Loans given to subsidiar	(500)	(253 04)
	Repayment of loans by subsdiares	.	357 77
	Netcash used in investing activitie	(658.62	(1052.70)
C	CASHFLOW FROM FINANCINGACTIVTIES
	Proc dsfrm long terborowings		406 58
	Repayment of long ter borowings	(296 41)	(21319)
	Net prceeds frm / (repayment of shor ter borowngs	38131	(370)
	Dividendson equitysharecpitalpaid	(106 67)	(107 36)
	Prncipalpayment towardslease liabilit	(17 59)	(17 65)
	Finance costs paid	(15663)	(131 02)
	Net csh used in fnancingactviie	(195.99)	(66.34)
	Net deras in cash and cahequivalent	(256.47)	(259.79)
	Cash and csh equivalents at the beginning of the year	361 77	527 25
	Csh and cash equivalents at the end of the perod	105.30	267.46

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SRF LIMITED

Registered Office:The Galleria, DLF Mayur Vihar, Unit No 236 & 237, Second Floor, Mayur Vihar Place, Noida Link Road, Mayur Vihar Phase I Extn, Delhi - 110091 Tel No (Regd office) : (+91-11) 49482870 Fax : (+91-11) 49482900

• E-mail: info@srf com Website: www srf com CIN - L18101DL1970PLC005197

NOTES TO STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2024

• 7 Limited Review :

The Limited Review, as required under Regulation 33 and Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, as prescribed in Securities and Exchange Board of India operational circular SEBI/HOIDDHS/P/CIR/202 1/613 dated August 10, 2021 as amended has been completed by the Statutory Auditors.

Place : Gurugram Date : October 22, 2024

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For and on behalf of the Board
Ashish Bharat Ram
Chairman and Managing Director
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59r .General [Restricted use]- Tis mail, documneat aan be used by recipients for its intended purpose only

Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phase - II Gurugram - 122 002, India Tel: +91 124 719 1000 Fax. +91 124 235 8613

Chartered Accountants

B S R & Co. LLP

Limited Review Report on unaudited consolidated financial results ofSRF Limited for the quarter ended 30 September 2024 and year to date results for the period from I April 2024 to 30 September 2024 pursuant to Regulation 33 and Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated JO August 2021, as amended

To the Board of Directors of SRF Limited

1. We have reviewed the accompanying Statement of unaudited consolidated financial results of SRF Limited (hereinafter referred to as "the Parent"), and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") for the quarter ended 30 September 2024 and year to date results for the period from I April 2024 to 30 September 2024 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 and Regulation 52( 4) of the Securities and Exchange Board oflndia (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"), as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021 /613 dated 10 August 2021, as amended.

2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 20 I 3, and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) of the Listing Regulations, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated IO August 2021, as amended. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the Securities and Exchange Board oflndia under Regulation 33(8) of the Listing Regulations, to the extent applicable.

1. The Statement includes the results of the following entities:

Parent: SRF Limited

Subsidiaries:

• a. SRF Global BY

• b. SRF Flexipak (South Africa) (Pty) Limited

• c. SRF Industries (Thailand) Limited

• d. SRF lndustex Belting (Pty) Limited

Registered Office:

B S R & C o (apartnership firm with Registration No. 8A61223) converted into B S R & C o LLP (a Limited kw Liability Partnership with LLP Registration No AAB-8181) with effect from October 14, 2013

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 3

B S R & Co. LLP

Limited Review Report (Continued) SRF Limited

Subsidiaries (continued):

• e. SRF Europe Kft

• f. SRF Holiday Home Limited g. SRF Altech Limited h. SRF Middle East LLC

• i. SRF Employees Welfare Trust (controlled trust)

• Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) of the Listing Regulations, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated IO August 2021, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

• We did not review the interim financial information of three Subsidiaries included in the Statement, whose interim financial information reflects total assets (before consolidation adjustments) of Rs. 3,487.00 crores as at 30 September 2024 and total revenues (before consolidation adjustments) of Rs. 664.52 crores and Rs. 1,359.92 crores, total net (loss)/ profit after tax (before consolidation adjustments) of Rs. (12.45) crores and Rs. 0.89 crores and total comprehensive (loss)/ income (before consolidation adjustments) of Rs. (12.46) crores and Rs. 0.43 crores, for the quarter ended 30 September 2024 and for the period from I April 2024 to 30 September 2024 respectively, and cash outflows (net) (before consolidation adjustments) of Rs. 9 .32 crores for the period from I April 2024 to 30 September 2024. as considered in the Statement. This interim financial information has been reviewed by other auditors whose reports have been furnished to us by the Parent's management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.

All of these subsidiaries are located outside India whose interim financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted auditing standards applicable in their respective countries. The Parent's management has converted the interim financial information of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Parent's management. Our conclusion in so far as it relates to the balances and affairs of such subsidiaries located outside India is based on the reports of other auditors and the conversion adjustments prepared by the management of the Parent and reviewed by us.

Our conclusion is not modified in respect of this matter.

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B S R & Co. LLP

Limited Review Report (Continued)

SRF Limited

1. The Statement includes the interim financial information of four Subsidiaries which have not been reviewed, whose interim financial information reflects total assets (before consolidation adjustments) of Rs. 84.45 crores as at 30 September 2024 and total revenues (before consolidation adjustments) of Rs. 45.33 crores and Rs. 77.30 crores, total net profit after tax (before consolidation adjustments) of Rs. 4.95 crores and Rs. 8.60 crores and total comprehensive income (before consolidation adjustments) of Rs. 4.95 crores and Rs. 8.60 crores, for the quarter ended 30 September 2024 and for the period from I April 2024 to 30 September 2024 respectively, and cash inflows (net) (before consolidation adjustments) of Rs. I .83 crores for the period from I April 2024 to 30 September 2024. as considered in the Statement. According to the information and explanations given to us by the Parent's management, this interim financial information is not material to the Group.

Our conclusion is not modified in respect of this matter.

For B S R & Co. LLP

Chartered Accountants

Firm's Registration No.:101248W/W-1 022 ,-a1 Ashish Bansal

Partner

Gurugram 22 October 2024

Membership No.: 077569 UDIN :24077569BKL TOH43 I 9

Page 3 of 3

I .

✓·'? SF

SRF LIMITED

CONSOLIDATED FINANCIAL RESULTS

FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2024

5RF.General [Restricted use] Thi mail, docurment can be used by recipients for its intended purpose only

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SRF LIMITED

Registered Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place, Naida Link Road, Mayur Vihar Phase I Extn, Delhi - 110091 Tel. No (Regd office): (+91-11) 49482870 Fax :(+91-11) 49482900

E-mail: info@srfcom Website: www.srfcom CIN -L18101DL1970PLC005197

STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2024

					(Rs.inCrores, except per share dat)	(Rs.inCrores, except per share dat)	(Rs.inCrores, except per share dat)	(Rs.inCrores, except per share dat)
				Consoldated
			Quarer Ended			Half Year	Ended	Year Ended
S.No.	Paricular	30-Sep-24 (1)	30-Jun-24 (2)	30-Sep-23 (3)	30-Sep-24 (4)		30-Sep-23 (5)	31-Mar-24 (6)
		Unaudited	Unaudited	Unaudited	Unaudited		Unaudited	Audited
	Revenue from operations
1	a) Sale of products	3334,06	340223	3121.3		6736.29	6410.0	12910.35
	b) Other operatng revenues	90.24	61,89	55.93		15213	105,34	228,17
	Totl Revenue from operations	3424.30	3464.12	31 .36		6888.42	6515.74	13138.52
2	Other income	33.33	25.26	29 12		58.59	40.88	8302
3	Totl Income	345.63	3489.38	3206.48		694.01	6556.62	13221.54
4	Expenses
	a) Cost of materals consumed	1885.87	1824.50	1540.66		3710.37	3273.1	6695,60
	b) Purcases of stock-in-trade	33,94	40.13	29.31		74.07	54.87	118.56
	c) Changes in inventores of fnished goods, work-in-prgress and stock in trade	(85.76)	(3757)	50,09		(12333)	(7.70)	(10538)
	d) Employee benefs expense	253.38	252.19	22663		505.57	4 .60	935.03
	e) Finance costs	93,78	96.54	7929		190.32	144.92	302 29
	fDepreciaton andamorisation expense	193.93	188.16	161.23		38209	317.84	67262
	g) Power andfuel	345.07	341.73	343.79		686.80	696.59	1344,81
	h)Exchange curency fuctuation(gain)Iloss	22.59	17.24	19.11		39.83	42.84	76.71
	i) Other expenses	43117	422.8	341.56		853,65	688.67	1489.08
	Totl expenses	313.97	3145.40	2791.67		6319.37	5656.04	11529.32
5	Prof before tx for the period	283.66	343.98	414.81		627.64	900.58	1692.22
6	Tax expense
	- Taxexpense	82.24	91.76	114.03		174.00	240.51	459,7
	- Taxadjustmentrelatedto earier years	-	-			-	-	(103 26)
7	Net Proft afer tax fr the period	201.42	252.22	300.78		453.64	660.07	1335.71
8	Other Comprehensive Income
	AItems that winot be reclassiedto prof or loss
	(i) (a)Gain/(loss) on remeasurements ofthedefned beneft obligation	5.10	(3.54)	2.1		1.56	(7.5)	(5,92)
	(i)(b)Income tax on item(i)(a) above	(1.29)	0.89	(0,61)		(0.0)	1.86	119
	B Items thatwilbe reclassifedto prof or loss
	(i) (a) Efectiveporion ofgainI(loss}on hedging instrments in acsh fowhedge	(36.99)	51.1	(42.84)		14.2	60,68	128.7
	(i)(b)Income taxon item(i)(a}above	9.31	(13 05)	10.78		(3.74)	(15.27)	(32.19)
	(ii)(a) Cost of hedgingresere	(205)	(0.91)	(2.12)		(2.96)	(1.13)	(1.77)
	(ii)(b)Income tax on item(ii)(a}above	0.52	023	0.54		0.75	0.27	0.43
	(i)Exchangediferences on trnslaton of foreign operations	149.52	7.81	(11.26)		157.33	(71.87)	(69.08)
9	TotalOtherComprehensive Income/(loss)fortheperiod	124.12	42.84	(43.10)		166.96	(32.91)	21.13
10	TotlComprehensive IncomeI(toss)fortheperiod	325.54	295.06	257.68		620.60	627.16	1356.84
11	Paid up ouuily charo capla (Re.10oauhfuy paid up)	20642	206 42	206.42		206.42	206 42	206 42
12	Other equitexcluding revaluation resere	1169987	11478 90	10554.37	11699,87		10554.37	11181.58
13	Net Worh	11996.29	11775.32	10850.79	11996,29		10850.79	11478.00
14	Capital Redempton Resere	10.48	10.8	10.8		10.8	10.8	10.8
15	Basic and DilutedEPS for the perod (not annualised)	6,79	8.51	10.15		15.30	22 27	45 06

Net worth = Paid up share capital (excluding forfeited shares) + Other equity

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SRF LIMITED

Registered Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place, Noida Link Road, Mayur Vihar Phase I Extn, Delhi - I 10091

Tel, No (Regd office): (+91-11) 49482870 Fax: (+91-11) 49482900

E-mail: info@srfcom Website: www.srf.com CIN -- L1810\DLl970PLC005197

STATEMENT OF CONSOLIDATED UNAUDITED SEGMENT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED SEPTEMEBER 30, 2024

						(Rs.in Crores)
			Consoldated
		Quarer Ended		Half Year	Ended	Year Ended
Paricular	30-Sep-24 (1)	30-Jun-24 (2)	30-Sep-23 (3)	30-Sep-24 (4)	30-Sep-23 (5)	31-Mar-24 (6)
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Segment Revenue
a) Technicl Textles Busness (TTB)	535.53	525 29	506.15	1060.82	970.80	189801
b) Chemics Business (CB)	1357.79	148200	1426.30	2839.79	3086.84	6297.02
c) Packaging Film Business (PFB)	1420.59	133630	1121.51	2756.89	2216.32	4489.34
d) Others	112.81	126.16	126.86	238.97	245 57	465.30
Total Segment Revenue	3426.72	3469.75	3180.82	6896.47	6519.53	13149.67
Less: Inter Segment Revenue	2.42	5 63	3.6	8.05	3.79	11.15
Revenue from Operations	3424.30	3464.12	317.36	6888.42	6515.74	13138.52
Segment Result
(Prft before Interest and Tax from each Segment)
a) Technical Texiles Business (TTB)	71.34	67.70	74.95	13904	135.60	274.22
b) Chemicls Business (CB)	246.14	306.41	347.77	55255	80784	1627.38
c) Packaging Fim Business (PFB)	82.81	86.75	7726	169.56	128.56	206.50
d) Others	17.19	23.57	33.09	40.76	56.25	93.02
Total Segment Result	417.48	484.43	533.07	901.91	1128.25	2201.12
Less/(Add):
i) Finance Costs	93.78	96.54	79.29	190.32	144.92	302.29
ii) Other Unalocable Expenses (net of income)	40.04	43.91	38.97	83.95	82.75	206.61
Proft befre tx for the period	283.68	343.98	414.81	627.64	900.58	1692.22
Segment Asset
a) Technicl Texiles Business (TTB)	2141.18	2091.51	1929.67	2141.18	192967	2030.45
b) Chemicls Business (CB)	10748.7	10771.61	10338.00	10748.7	10338.00	10745 87
c) Packaging Film Business (PFB)	6722 70	6499.20	6114.61	6722.70	6114.61	6181.15
d) Others	204.46	197.0	160.39	20446	160.39	178.30
Totl segment asset	19817.11	19559.72	18542.67	19817.11	18542.67	19135.7
e) Unalocble	1259.45	1399.28	1111.90	1259.45	1111.90	1346.17
Totl	21076.56	20959.00	19654.57	21076.56	19654.57	20481.94
SegmentLabites
a)Technicl Texiles Business (TTB)	461.36	557.6	514.81	461.36	514.81	525.38
b) Chemicals Business (CB)	906.11	1012.94	935.78	906.11	935.78	1042.58
c) Packaging Fim Business (PFB)	1411.04	1494.89	1427.50	1411.04	1427.50	1392.08
d) Others	42 32	57.75	41.31	42.32	41.31	41.60
Total segmentlabites	2820.83	3123.04	2919.40	2820.83	2919.40	3001.64
e) Unalocable	6258.2	6059.62	5883.36	6258.2	5883.36	6001.28
Totl	9079.25	9182.66	8802.76	9079.25	8802.76	9002.92

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SRF LIMITED

Registered Office: The Galleria, DLF Mayur Vihar, Unit No 236 & 237, Second Floor, Mayur Vihar Place, Noida Link Road, MayurVihar Phase I Extn, Delhi-110091

Tel. No (Regd office): (+91-11) 49482870 Fax: (+91-11) 49482900

E-mail: info@srf.com Website: www.srfcom ClN - LI 8 I 0IDLI 970PLC005 I 97

NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2024

• The above results of SRF Limited (the Company) and its subsidiaries (Company and its subsidiaries together referred to as "the Group") were reviewed by the Audit Committee and has been approved by the Board of Directors at its meeting held on October 22, 2024. The review report of the Statutory Auditors is being filed with BSE Limited and National Stock Exchange of India Limited. For more details on the consolidated results, visit the Investors section of our website at www.srfcom and financial results at "Corporate Announcements" section of www nseindia.com and www bseindia.com.

• 2 These financial results of the Group have been prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India.

• 3 The listed commercial papers aggregating to Rs. 400 crores were outstanding as on September 30, 2024 The Company's commercial paper programme has been rated as CRISIL Al + by CRISIL and IND Al + by India Ratings. During the quarter ended September 30, 2024, the Company has repaid all commercial papers due and payable on the respective due dates.

• 4 Additional disclosures as per Clause 52 (4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015:

					(Ratios/ percentages as	(Ratios/ percentages as	(Ratios/ percentages as	applicable)	applicable)
				Consolidated
			Quarer Ended		Half Year	Ended		Year Ended
SNo.	Parculars	30-Sep-24	30-Jun-24	30-Sep-23	30-Sep-24	30-Sep-23		31-Mar-24
		(1	02)	(3)	(4)	(5)		(6)
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited		Audited
1	Debt serice coverge ratio {(Eaings befre depreciation, interest	175	1.82	255	1.79		2.59		2.71
	ad ta- curent Ta) I (Grss Interest and lease payments+
	scheduled prncipal repayment ofong tenn debts)) - Not anualised
2	Interest serice coverge rtio ((Earings befre depreciation,	4 81	5.28	5,65	5,04		6 I		6 1 1
	interest ad ta- curent ta) / Gross interest and lease payments)}­
	Not a ualised
3	Bad debts to accounts receivable rtio% (Bad debts including	0.06%	-	001%	0.06%	002%		0.16%
	prvision fr doubtfl debts I Averge tade receivables) - Not
	a ualised
4	Debtor turover (Sale of prducts/ Averge tade receivables)­	648	6.77	6.82	6.7		7.6		6.93
	A ualised
5	Inventor turover (Sale of prducts/ AverageInventor)­	5 20	5 67	540	5.1		5.62		5.61
	Aualised
6	Operating magn% (Eaings befre interest ad tax/Total	1102%	12.72%	15.55%	1187%	16.05%		15.18%
	revenuefomopertions including other opertingincome) - Not
	anualised
7	Netprft magin% (Prft afer tax/Total revenuefomopertions	5.88%	7.28%	9.47%	659%	10.13%		10.17%
	incuding other opertingincome) - Not aualsed
8	Debt equit rtio (Total debt incuding lease liabilities/ Total equit)	0.4	0.3	0.46	0.4		0.6	0.4
9	Long terdebt toworking capital	16.8	10.54	9.28	16.8		9.28	20.0
	((Non cuent borowings+ curentmaturtoflong tenn
	borowings+lease liabilities)IWorkng capital}
10	Total debts to Total assets	0.25	024	025	025		0.25	0.25
	(Total debt incuding lease liabilities ITtal assets)
11	Cuent rtio (Total curent assets ITotal curent labilities)	103	105	L.06	I03		I 06		103
12	Cuent liabilit Ratio (Total curent liabiltiesI Ttal liabilities)	0.63	0.63	0.59	063		0 59	0.61

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SRF LIMITED

Registered Office: The Galleria, DLF Mayur Vihar, Unit No 236 & 237, Second Floor, Mayur Vihar Place, Noida Link Road, Mayur Vihar Phase I Extn, Delhi- 110091

Tel No (Regd office): (+91-11) 49482870 Fax : (+91-11) 49482900

E-mail: info@srf com Website: www srf.com CIN -- L181010L1970PLC005197

NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2024

• 5 CONSOLIDATED UNAUDITED STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2024

				(Rs In	Crres)
		As at		As at
	Paricular	30.Sep-24		31-Mar24
		Unaudited		Audited
ASSETS
Non-urent a ets
Propery pant and equipment		1308652		1284546
Righi-of-use assets			262 23		276 64
Capita wor-n-progress			836.73		805 33
Other intangible assets			116 67		119 52
Financal assets
Investments			122 13		1 2 1 1 2
Loans			51 32		so04
Othersfnancial assets			171 5		19760
Defered ta assets			3,8		275
Non Curent taxassets(net)			239 44		210 9
Other non-curent assets			2037		17842
Total non-curent asset		15131.42		1432.65
Curnt assets
Inventores			2653 47	232647
Financial Assets
Investments			45681		405 58
Trade receivables			2036 76	194282
Cas and csh equivalents			13769		399 33
Bankbalances other than above			16 82		821
Loans			1 4 1 2		13 09
Other fnanca assets			23480		198 03
Othercurentassets			394 67		355.76
Total curent asset			5945.14	569.29
Total asset		21056		208.9
EQUIT AND LABILITIES
Equit
Equity share cpital			29744		297 44
Other equity		1169987		11181 58
Totalequity		11997.31		11479.02
Lia bi ties
Non-curent labites
Financalliabltes
Borowngs		200221		225114
Lease liabilities			6.8		82.79
OIher fnancal liablities			13.5		0.80
Prvisions			78 80		71.39
Defertaxliablites (net)			98926		938 72
Other non-rent lablites			174.71		177 31
fatal non.crant Iiahiliti0s			332727	352215
Curent labities
Fnancial Labilites
Borowings		3146 95		266910
Lease liabilites			2844		2751
Tradepayables
a) Totaloutstanding dues of	micro enterrses and smallenterrses		6159		8 57
b) Totaoutstandingdues of and smal enterrses	creditors otherthanmicenterrses	2269 36		2113 19
Otherfnancal liabities			13 51		467 42
Othercrentliabilities			86 43		9361
Provisons			9 94		8 77
Curent tax liabilites(net)			1276		1660
Total curentliabilities		5751.98		5480.7
Total liabilities Totalequit andliabilites		9079.25 21076.56		9002.92 20481.94		LIM/} � a
						F LE	4
						Np\P

$9¢ General [Re eduse]. is ml document tan be used b recipients for ts intended purpose only

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SRF LIMITED

Registered Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place, Noida Link Road, Mayur Vihar Phase I Extn, Delhi- 110091

Tel. No (Regd office) : (+91-11) 49482870 Fax: (+91-11) 49482900

E-mail: info@srf.comWebsite:www.srf.com CIN -- L181010L1970PLC005197

NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2024

6 CONSOLIDATED UNAUDITED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMEBER 30, 2024

			(Rs. in Crores)
		Half Year	Ended
	Pariculars	30-Sep-24	30-Sep-23
		Unaudited	Unaudited
A	CASH FLOW FROM OPERATING ACTIVITIES
	Proft before tax	627.64	900.58
	Adjustments for:
	Finance costs	190.32	144.92
	Interest Income	(20.27)	(16.22)
	Net (gain) / loss on sale of prper, plant and equipment	0.03	(0.05)
	Net gain on fnancial assets measured at fair value through proft and loss	(17.72)	(11.54)
	Credit impaired assets prvided/ (writen back)	1.19	0.0
	Amorisation of grant income	(568)	(12.54)
	Depreciation and amorisaton expense	382.09	317.84
	Proper, plant and equipment /inventor and other assets prvided /writen of /(writen back)	2.22	13.94
	Provision / liabilites no longer required writen back	(10.84)	(3.56)
	Net currency exchange fuctuations (gain) / loss	31.98	(13.89)
	Employee share based payment expense	4.26	4.7
	Stamp dut on purchase of Investments	0.05	0.07
	Insurance income against Proper, plant and equipment	(937)	-
	Changes in working capital:
	Adjustments for (increase)Idecrease in operating assets :
	Trade receivables	(60.77)	26.22
	Inventories	(280.78)	(36.63)
	Loans (Current)	(1.25)	(0.15)
	Loans (Non-current)	(1.11)	(2.75)
	Other assets (Current)	(11.19)	57.39
	Other assets (Non-curent)	4.81	(8.11)
	Adjustments for increase/ (decrease) in operatng labites:
	Trade payables	57.29	(126.53)
	Provisions	6.91	7.20
	Other labilities (Non-current)	1.29	0.22
	Other liabilites (Current)	(116.62)	(51.52)
	Cash generated from operations	74.48	1,189.56
	Income taxes paid (net of refunds)	(167.21)	(196.94)
	Net cash generated fom operating activites	607.27	992.62
B	CASH FLOW FROM INVESTING ACTIVITIES
	Purchase of non-curent investments	(1.27)	(51.67)
	Sale of non-current investments		(0.07)
	Net Sale/ {purchases) of current investments	(3351)	4.11
	Stamp dut on purchase of Investments	(0.05)	(19.33)
	Interest received	5.13	8.87
	Bank balances not considered as csh and csh equivalents	(10.06)	0.2
	Payment for purchase of proper, plant, equipment, cpital work-in-progress and intangible	(598.57)	(1,3779)
	assets
	Deposits made with Non Banking Financial Company	(50,00)	-
	Goverment grant received	17.52	.
	Proceeds frm disposal of proper, plant and equipment	3.51	1.6
	Net cash used in investng activites	(667.30)	(1,42900)

• £ • «» @gr SRF -General 'Restrirtf a] . FHr,' ml, document can be used by recipients for its intended purpose only.

0[�'< ] LIMt,>-� a'J 4 S E # 'ND>

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SRF LIMITED

Registered Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor, Mayur Vihar Place, Naida Link Road, Mayur Vihar Phase I Extn, Delhi- 110091

Tel. No (Regd office) : (+91-11) 49482870 Fax : (+91-11) 49482900

E-mail: info@srf.com Website: www.srf.com CIN -- L18101DL1970PLC005197

NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2024

6 CONSOLIDATED UNAUDITED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMEBER 30, 2024

			(Rs. in Crores)
		Half Year	Ended
	Paricular	30-Sep-24	30-Sep-23
		Unaudited	Unaudited
C	CASH FLOW FROM FINANCING ACTIVITIES
	Proceeds from long term borowings	47.0	453.78
	Repayment of long term borowings	(392.7)	(275.39)
	Net proceeds of shor term borrowings	466.69	340,54
	Dividends on equit share cpital paid	(106.67)	(107.36)
	Principalpayment towards lease liabilt	(17.62)	(17.69)
	Finance costs paid	(200 84)	(172 38)
	Net cash generated /(usedin)from fnancing activities	(203.51)	221.50
D	EFFECT OFEXCHANGE RTE MOVEMENTS	1.90	(3.56)
	Net (decrease) in cash and cash equivalent	(261.64)	(218.4)
	Cash andcsh equivalents at thebeginning ofthe year	399.33	607.98
	Cash and cash equivalent at the end of the period	137.69	389.54

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5RF- General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.

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SRF LIMITED

Registered Office: The Galleria, DLF Mayur Vihar, Unit No, 236 & 237, Second Floor, Mayur Vihar Place, Noida Link Road, Mayur Vihar Phase I Extn, Delhi - 110091

Tel. No (Regd office): (+91-11) 49482870 Fax: (+91-11) 49482900

E-mail: info@srf.com Website: www.srfcom CIN-Ll8101DLl970PLC005197

NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2024

7 Limited Review :

The Limited Review, as required under Regulation 33 and Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 as amended has been completed by the Statutory Auditors.

Place : Gurugram Date : October 22, 2024

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For a d on behalf of the Board
Ashish Bharat Ram
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