SRF Ltd. — Interim / Quarterly Report 2025

Jul 23, 2024

The Corporate Relationship Department, BSE Limited

Ist Floor , New Trading Ring Rotunda Building, P.J. Towers Dalal Street,

National Stock Exchange of India Limited “Exchange Plaza” Bandra-Kurla Complex Bandra (E)

Mumbai 400 051

Mumbai 400 001

Scrip Code- 503806

Scrip Code-SRF

SRF/SEC/BSE/NSE

23.07.2024

Dear Sir,

Unaudited Financial Results for the quarter ended 30.06.2024 alongwith Limited Review Report for the quarter ended 30.06.2024

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 23[rd] July, 2024 (commenced at 10.30 a.m. and concluded at 2.10 p.m.) has inter-alia considered and approved –

1. Unaudited Standalone Financial Results for the quarter ended 30.06.2024 (copy enclosed alongwith Limited Review Report by Statutory Auditors for quarter ended 30.06.2024)

2. Unaudited Consolidated Financial Results for the quarter ended 30.06.2024 (copy enclosed alongwith Limited Review Report by Statutory Auditors for quarter ended 30.06.2024)

Thanking you,

Yours faithfully,

For SRF LIMITED

RAJAT Digitally signed by RAJAT LAKHANPAL LAKHANPAL Date: 2024.07.23 14:21:24 +05'30' Rajat Lakhanpal Sr. VP (Corporate Compliance) & Company Secretary

Encl: As above

Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phase - 1 1 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 standalone financial results of SRF Limited for the quarter ended 30 June 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 1 0 August 2021 , as amended

To the Board of Directors of SRF Limited

• 1 . 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 June 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/DDHS/P/CIR/2021 /613 dated 1 0 August 2021, 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 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.

• Attention is drawn to the fact that the figures for the three months ended 31 March 2024 as rcportcd In thc Ctatcmcnt arc thc balancing flgurco bctwcon audited figurou in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

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Registered Office:

B S R & C o . (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited 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 2

B S R & Co. LLP

Limited Review Report (Continued)

SRF Limited

1. 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 1 0 August 2021, as amended including the manner in which it is to be disclosed, or that it contains any material misstatement.

Gurugram 23 July 2024

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SRF LIMITED

STANDALONE FINANCIAL RESULTS

FOR THE QUARTER ENDED JUNE 2024

SRF . 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.srf.com CIN - L 18101 DL 1970PLC005197

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2024

			(Rs.in	Crores, except	Crores, except	per share data)
			Standalone
5.No.	Pariculars	30-Jun-24	Quarer Ended 31-Mar-24	30-Jun-23		Year Ended 31-Mar-24
		(1)	(2)		(3)	(4)
		Unaudited	Audited#	Unaudited		Audited
1	Revenue fom operations
	a. Sale of prducts	2676.63	2857.61		276.51	10565.92
	b.Other operating revenues	59.67	62.02		47.21	220.75
	Total Revenue from operations	2736.30	2919.63		2773.72	10786.67
2	Other income	35.07	32.55		20.97	119.2
3	Total Income	271.37	2952.18		2794.69	10906.09
4	Expenses
	a.Cost of materials consumed	1357.95	1357.07		1370.11	5196.28
	b.Purchases of stock-in-trade	29.12	20.96		20.26	83.61
	c.Changesin inventories of fnished goods,work-in-progress and stock in trade	(39.06)	23.72		(61.80)	(114.32)
	d. Employee benefts expense	2 1 1 . 1 7	208.9		181.96	790.33
	e.Finance cost	75.70	68.00		52.50	235.60
	f.Depreciation and amorisation expense	155.05	152.68		128.64	555.85
	g.Power and fuel	284.50	276.85		298.52	1134.90
	h.Exchange currency fluctuation (gain)/ loss	23.13	18.50		22.0	78.93
	iOther expenses	337.51	366.87		291.03	1227.03
	Total expenses	2435.07	2493.14		2303.62	9188.21
5	Proft befre tax fr the period	336.30	459.04		491.07	1717.88
6	Tax expense
	- Tax expense	86.36	120.00		125.67	444.3
	- Tax adjustmentrelated to earlier years	-	(98.06)		-	(100.58)
7	Net Proft afer tax for the period	249.94	437.10		365.40	1374.03
8	Other ComprehensiveIncome
	AItems thatwil not bereclassified to proft or loss
	(i)(a)Gain /(loss)on remeasurement of defnedbeneftoblgation	(3.8)	(0.8)		(9.72)	(4.59)
	(i)(b) Income tax on item (i)(a)above	0.88	0.13		2.5	1 . 1 6
	B.Items that wil be reclassifed to prft or loss
	(i)(a) Efectiveporion of gain / (loss) on hedging instruments in a cash flow hedge	51.86	54.9		103.52	127.90
	(i)(b) Income tax on item (i)(a) above	(13.05)	(13.72)		(26.05)	(32.19)
	(ii)(a)Cost of hedging resere	(0.91)	0.10		1.06	(1.70)
	(i)(b) Income tax on item (ii)(a) above	0.23	(0.02)		(0.27)	0.3
9	Total Other Comprehensive Income/ (loss) fr the period	35.53	40.50		70.99	91.01
1 0	Total Comprehensive Income fr the period	285.47	47.60		436.39	1465.04
1 1	Paid up equity share capital (Rs.10 each fulypaid up)	296.2	296.2		296.2	296.2
12	Other equityexcludingrevaluation resere	10503.86	10216.27		9394.62	10216.27
1 3	Net Worh	10800.28	10512.69		9691.04	10512.69
14	Capital Redemption Resere	10.8	10.8		10.8	10.8
1 5	Basic andDiluted EPSfor the period (not annualised)	8.43	14.75		12.33	46.35

Net Worth = Paid up share capital (excluding forfeited shares) + Other equity # Refer note 6

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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, 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 C I N - L 18101 DL 1970PLC005197

STATEMENT OF STANDALONE UNAUDITED SEGMENT INFORMATION FOR THE QUARTER ENDED JUNE 30, 2024

STATEMENT OF STANDALONE UNAUDIED SEGM	ENT INFORMATION FOR	THEQUARTE	R ENDED JU	NE 30, 2024
				(Rs.inCrores)
		Stndalone
		Quarer Ended		Year Ended
Pariculars	30-Jun-24	31-Mar-24	30-Jun-23	31-Mar-24
	(1)	(2)	(3)	(4)
	Unaudited	Audited#	Unaudited	Audited
Segment Revenue
a) Technical Textiles Business (TTB)	525.29	468.85	464.65	1898.01
b) Chemicals Business (CB)	1467.52	1800.2	1647.23	6237.33
c) Packaging Fim Business (PFB)	622.96	547.89	543.7	2197.18
d) Others	12616	106.16	118.71	465.30
Totl Segment Revenue	2741.93	2923.32	274.06	10797.82
Less:Inter Segment Revenue	5.63	3.69	0.34	1 1.1 5
Revenue fom Operations	2736.30	2919.63	273.72	10786.67
Segment Result
(Prftbefre interest and taxfom eachSegment)
a) TechnicalTextiles Business (TTB)	67.56	69.69	60.51	273.68
b) Chemicals Business (CB)	307.05	497.97	46067	1628.8
c)Packaging FilmBusiness (PFB)	46.73	17.21	31.24	122.55
d)Others	23.57	15.56	23.16	93.02
Totl Segment Result	444.91	600.43	575.58	2117.73
Less/(Add):
i) FinanceCost	75.70	68.00	52.50	23560
ii)OtherUnallocable Expenses (net of income)	32.91	7339	32.01	164.25
Proft befre tx fr the period	336.30	459.04	491.07	171.88
Segment Asset
a) Technical TextilesBusiness (TTB)	2102.89	2041.96	1857.30	2041.96
b)ChemicalsBusiness (CB)	1072930	1689.28	10141.39	10689.28
c) Packaging Film Business(PFB)	24798	2321.37	2 1 9 1.1 6	2321.37
d) Others	197.0	178.30	159.87	178.30
Totl segment asset	15502.57	15230.91	14349.72	15230.91
e) Unalocable	2211.02	213373	1399.13	2133.73
Totl	1713.59	17364.64	15748.85	17364.64
Segment Labilities
a) Technical Textiles Business (TTB)	557.6	525.38	487.60	525.38
b)Chemicals Business (CB)	105.76	1033.67	1055.08	1033.67
c) Packaging FilmBusiness (PFB)	648.18	622.3	605.07	622.3
d)Others	57.75	41.60	49.69	41.60
Totl segment liabilities	2269.15	2223.08	2197.44	2223.08
e) Unallocable	4643.13	4627.85	3859.35	4627.85
Totl	6912.28	6850.93	6056.79	6850.93

Refer note 6

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SRF - 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.comWebsite:www.srf.com CIN - L 18101 DL1970PLC005197

NOTES TO STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2024

• The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 23, 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 www.srf.com and financial results at "Corporates Announcements" section of www.nseindia.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 Board at its meeting held today has approved first interim dividend for 2024-25 of Rs. 3.60 per fully paid up equity share of Rs.1 o each aggregating Rs.106. 71 Crores.

• 4 The listed commercial papers aggregating to Rs. 450 crores were outstanding as on June 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 June 30, 2024, the Company has repaid all commercial papers due and payable on the respective due dates.

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

				(Ratios/ percentages	(Ratios/ percentages	(Ratios/ percentages	as applicable)	as applicable)
				Standalone
SI No.	Pariculars	30-Jun-24		Quarer Ended 31-Mar-24	30-Jun-23		Year Ended 31-Mar-24
		(1)		(2)		(3)	(4)
		Unaudited		Audited#	Unaudited		Audited
1	Debtserice coverage ratio[(Earings before depreciaton,interest andtax­		2.07	4.17		3.02		3.34
	curent tax) / (Gross interest and lease payments+scheduled principal
	repayment of longtermdebts)] - Notannualised
2	Interest serice coverage ratio[(Earings before depreciation,interest andtax­		5.80	8.17		7.90		7.35
	current tax)IGross interest and leasepayments]-Notannualised
3	Bad debts to accounts receivable rato% (Bad debts includingprovision for		-			0.01%
	doubtul debts/Average tradereceivables) - Notannualised
4	Debtors turover(Sale of products/Average tradereceivables) - Annuaised		6.84	7.65		7.38		7.10
5	Inventorturover(Sale of prducts/Averageinventor) - Annualised		5.9	5.92		5.74		5.64
6	Operating margin%(Earings before interest and tax/Total revenuefom	15.06%		18.05%		19.60%	1	8 . 1 1 %
	operations including other operatingincome) - Notannualised
7	Netprft margin% (Prft afer tax /Total revenue from operatons including		9.13%	14.97%		13.17%	12.74%
	other operatngincome) - Notannnualsed
8	Debt equity ratio(Total debt including lease liabilities/Total equity)		0.34	0.35		0.31		0.35
9	Longtermdebt to working capital[(Non current borrowings+current maturities		2.37	2.83		1.67		2.83
	of longtermborrowings + lease liabilities)/Working capital]
10	Total debts to total assets(Total debt includinglease liabilities/Total assets)		0.21	0.21		0.19		0.21
1 1	Curent ratio(Total current assets/Total current liabilites)		1.25	1.23		1.36		1.23
12	Currentlability rato(Total current liabilites/Total liabilities)		0.61	0.59		0.57		0.59

Refer note 6

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SRF . 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.srf.com CIN -- L 18101 DL 1970PLC005197

NOTES TO STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2024

• 6 The figures for the quarter ended March 31, 2024 are the balancing figures between the audited figures in respect of full financial year and published year to date figures upto third quarter of the relevant financial year The figures upto the end of the third quarter had only been reviewed and not subject to audit

• 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 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 : July 23, 2024

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For and on behalf of the Board
Ashish Bharat Ram
Chairman and Managing Director
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Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phase - II Gurugram - 122 002, India Tel: +91 124 719 1 0 Fax: +91 124 235 8613

Chartered Accountants

B S R & Co. LLP

Limited Review Report on unaudited consolidated financial results of SRF Limited for the quarter ended 30 June 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 1 0 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 June 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 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/DDHS/P/CIR/2021 /6 1 3 dated 10 August 2021, as amended.

• 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, 2013, 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 1 0 August 2021 , as amended. Our responsibility is to express a conclusion 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 of lridia. 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 of India under Regulation 33(8) of the Listing Regulations, to the 777

Registered Office:

B S R & C o . ([ a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

14th Floor, Central 8 Wing and North C Wing, NescoIT 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

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

Parent:

SRF Limited

Subsidiaries:

• a. SRF Global BV

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

• c. SRF Industries (Thailand) Limited

• d. SRF lndustex Belting (Pty) Limited

• 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)

• Attention is drawn to the fact that the figures for the three months ended 31 March 2024 as reported in the Statement are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

• 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 7 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 1 0 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 3tatemeit, whose interim fitatuial information refleuls lolal revenues (Lefore consolidation adjustments) of Rs. 695.40 crores, total net profit after tax (before consolidation adjustments) of Rs. 13.34 crores and total comprehensive income (before consolidation adjustments) of Rs. 12.89 crores for the quarter ended 30 June 2024, as considered in the Statement. These interim financial information have 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 uditors and tl ve procedures performed by us as stated in paragraph 3 above.

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B S R & Co. LLP

Limited Review Report (Continued)

SRF Limited

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.

1. The Statement includes the interim financial information of four Subsidiaries which have not been reviewed, whose interim financial information reflects total revenues (before consolidation adjustments) of Rs. 31 . 97 crores, total net profit after tax (before consolidation adjustments) of Rs. 3.65 crores and total comprehensive income (before consolidation adjustments) of Rs. 3.65 crores, for the quarter ended 30 June 2024, as considered in the Statement. According to the information and explanations given to us by the Parent's management, these interim financial information are not material to the Group.

Our conclusion is not modified in respect of this matter.

Gurugram 23 July 2024

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Membership No.:
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SRF LIMITED

CONSOLIDATED FINANCIAL RESULTS

FOR THE QUARTER ENDED JUNE 30, 2024

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

SRF

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SRF LIMITED

Registered Office: The Galleria, DLF Mayur Vihar. Unit No. 236 &237 . Second Floor, Mayur Yihar Place. Noida Link Road, Mayur Vihar Phase I Extn, Delhi - 1 1 0 0 9 1 Tel. No (Regd office): ( + 9 1 - 1 1 ) 49482870 F ax : ( + 9 1 - 1 1 ) 49482900

E-mail: info@srf.com Website: www.srf.com CIN - L 1 8 1 0 IDL 1970PLC005197

STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2024

								(Rs. in Crores,	(Rs. in Crores,	except per share dat)	except per share dat)	except per share dat)
								Consolidated
						Quarer Ended					Year Ended
S.No.	Pariculars			30-Jun-24 (1)			31-Mar-24 (2)		30-Jun-23 (3)		31-Mar-24 (4)
				Unaudited			Audited#		Unaudited		Audited
	Revenue fom operations
1	a) Sale of prducts			3402.23				3505.92		3288.97	1291.35
	b) Oter operatng revenues				61.89			63.82		49.41		228.17
	Total Revenue fom operations			3464.12				3569.74		3338.38	13138.52
2	Other income				25.26			23.39		11.76		83.02
3	Total Income			3489.38				3593.13		3350.14	13221.54
4	Expenses
	a) Cost of materials consumed			1824.50				1791.01		1732.75		6695.60
	b) Purchases of stock-in-trade				40.13			24.		25.56		118.56
	c) Changes in inventories of fnished goods,	work-in-prgress and stock	in trade		(37.57)			18.06		(57.79)		(105.38)
	d) Employee benefts expense				252.19			246.60		217.97		935.03
	e) Finance costs				96.54			90.00		65.63		302.29
	fDepreciationand amorisation expense				188.16			185.89		156.61		672.62
	g) Power and fuel				341.73			328.80		352.80		1344.81
	h) Exchangecurency fuctuation (gain) / loss				17.24			15.79		23.73		76.71
	i) Oter expenses				422.8			449.22		347.11		1489.08
	Totl expenses			3145.40				3149.81		2864.37	11529.32
5	Prof befre tax for the period				343.98			443.32		485.7		1692.22
6	Tax expense
	- Tax expense				91.76			121.85		126.8		459.77
	-Tax adjustment relatedto earlier years				-			(100.74)		-		(103.26)
7	Net Prof afer tx fr the period				252.22			422.21		359.29		1335.71
8	Other Comprehensive Income
	A Items that wil not bereclassifed to prf orloss
	(i) Gain /(loss) onremeasurements of the defned beneft obligation				(3.54)			(1.67)		(9.86)		(5.92)
	Income tax on item (i)above				0.89			0.13		2.7		1.1 9
	B Items that wil be reclassifed to prf or loss
	(i)Efective porion of gain/ (loss)on hedginginstruments ina cash fow hedge				51.1			55.59		13.52		128.7
	Income tax onitem (i) above			(13.05)				(13.7)		(26.05)		(32.19)
	(ii) Cost of hedging resere				(0.91)			0.1		0.99		(1.7)
	Income tax on item (ii) above				0.23			(0.02)		(0.27)		0.3
	(iii) Exchange diferences on translation	of freign operations			7.81			(62.85)		(60.61)		(69.08)
9	Total Other Comprehensive Income /(loss) fr the period				42.84			(22.44)		10.19		21.13
10	Total Comprehensive Income/ (loss) for the period				295.06			399.7		369.48		1356.84
1 1	Paid up equit share capital (Rs.10 each fuly paid up)				296.2			296.42		296.2		296.42
12	Other equit excluding revaluaton resere			11478.90				1 1 1 8 1.5 8		10401.24	1	1 1 8 1.5 8
13	Net Worh*			1175.32				11478.00		1697.66	11478.00
14	Capital Redemption Resere				10.8			10.48		10.8		1.8
15	Basic and Diluted EPS for the period (not annualised)		I		8.51			14.24		12.12 /	5 8 9 ,
pp y p *Net worh= Paid up share capital(excluding freited shares)+Other equit #Refer note no 6 ral Restricted use-This mail documentcanbe used breci ients fr itsintended urose onl			' �		/	, s < I '		.> } ­ y"		h ±5 0 O [4[ U R U G R+ O g % ¢ %aAs"

SRF - G eneral Restricted use - This mail document can be used b y reci ients for its p intended p ur p ose onl

SF€

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SRF LIMITED

Registered Office: The Ga eria. DLF Mayur Vihar. Unit No. 236 & 237. Second Floor. Mayur Vihar Place. Noida Link Road, Mayur Vihar Phase I Extn. Delhi - 1 1 0 0 9 1

Tel. No (Regd office) : ( + 9 1 - 1 1 ) 49482870 Fax : ( + 9 1 - 1 1 ) 49482900

E-mail: info@srf.com Website: www.srf.com CIN LI8101DL1970PLC005197

STATEMENT OF CONSOLIDATED UNAUDITED SEGMENT INFORMATION FOR THE QUARTER ENDED JUNE 30, 2024

					(Rs. in Crores)
			Consolidated
			Quarer Ended		Year Ended
	Pariculars	30-Jun-24 (1)	31-Mar-24 (2)	30-Jun-23 (3)	31-Mar-24 (4)
		Unaudited	Audited#	Unaudited	Audited
Segment Revenue
a)Technical Texiles Business(TTB)		525.29	468.85	464.65	189801
b) Chemicals Business(CB)		1482.00	1816.05	1660.54	6297.02
c) Packaging Film Business (PFB)		1336.30	1182.37	1094.81	4489.34
d)Others		126.16	106.16	118.71	465.30
Total Segment Revenue		3469.75	3573.43	3338.71	13149.67
Less: Inter Segment Revenue		5.63	3.69	0.33	1 1 . 1 5
Revenue from Operations		3464.12	3569.74	3338.38	13138.52
Segment Results
(Prft befre InterestandTax	fom each Segment)
a) Technical Texiles Business	(TTB)	67.70	69.82	60.65	274.22
b)Chemicals Business(CB)		306.1	497.69	460.07	1627.38
c)Packaging Film Business(PFB)		86.75	33.07	51.30	206.50
d) Ohers		23.57	15.56	23.16	93.02
Total Segment Results		484.43	616.14	595.18	2201.12
Less/(Add):
i)FinanceCosts		96.54	90.00	65.63	302.29
ii) Other Unalocable Expenses (net of income)		43.91	82.82	43.78	206.61
Proft befre tax for the period		343.98	443.32	485.7	1692.22
Segment Assets
a)Technical Textiles Business	(TTB)	2091.51	2030.5	1845.37	2030.5
b) Chemicals Business(CB)		10771.61	10745.87	10225.24	10745.87
c) Packaging Film Business(PF)		6499.20	6 1 8 1 . 1 5	5911.87	6 1 8 1.1 5
d) Others		197.0	178.30	159.87	178.30
Total segment assets		19559.72	19135.7	18142.35	19135.7
e) Unalocable		1399.28	1346.17	1070.07	1346.17
Total		20959.00	20481.94	19212.42	20481.94
Segment Labilities
a) Technical Textiles Business	(TTB)	557.6	525.38	487.60	525.38
b) Chemicals Business (CB)		112.94	1042.58	1060.11	1042.58
c) Packaging Film Business (PFB)		1494.89	1392.08	1303.06	1392.08
d) Others		57.75	41.60	49.69	41.60
Total segment liabilities		3123.04	3001.64	2900.46	3001.64
e) Unalocable		6059.62	6001.28	5613.28	6001.28
Total		9182.66	9002.92	8513.74	9002.92

Refer Note no.6

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

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•
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sarures

SSFF 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): ( + 9 1 - 1 1 ) 49482870 Fax : ( + 9 1 - 1 1 ) 49482900

• E-mail: info@srf.com Website: www.srf.com CIN - L 1 8 1 0 1 DL 1970PLC005 I 97

NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 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 July 23. 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.srf.com 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, 2 0 1 3 read with relevant rules issued thereunder and other accounting principles generally accepted in India.

• 3 The listed commercial papers aggregating to Rs. 450 crores were outstanding as on June 30, 2024. The Company's commercial paper programme has been rated as CRIS IL A 1 + by CRIS IL and IND A 1 + by India Ratings. During the quarter ended June 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, 20 I 5 :

					(Ratios/ percentages as	(Ratios/ percentages as	(Ratios/ percentages as	(Ratios/ percentages as	applicable)	applicable)
					Consolidated
				Quarter Ended					Year Ended
	SNo.	Particulars	30-Jun-24		31-Mar-24		30-Jun-23		31-Mar-24
			(1)		(2)		(3)		(4)
			Unaudited		Audited#		Unaudited		Audited
	I	Debt serice covergeratio {(Earings befre depreciation,interest		182		3 . 1 7		2.64		2.71
		and tax - currentTax)/(GrssInterestand leasepayments+
		scheduled principalrepayment oflong term debts)}- Not
		annualised
	2	Interestserice coverge ratio {(Earingsbefre depreciation,		5.28		6.87		6.63		6.I I
		interest and tax - curent tax)/Grss interest and lease payments)}­
		Not annualised
	3	Baddebts to accounts receivable rtio% (Bad debts including		-		0.12%	0.01%		0.16%
		prvisionfr doubtfl debts/Averge trde receivables) - Not
		annualised
	4	Debtor turover (Sale of prducts/Avergetrde receivables)­		6.7		7.50		7 . 1 1		6.93
		Annualised
	5	Inventor turover(Saleof prducts/AvergeInventor)­		5.67		5.96		5.71		5.61
		Annualsed
	6	Opertingmargin% (Earingsbefre interestand tax/Total	12.72%		14.94%		16.52%		1 5	. 1 8 %
		revenue fomopertionsincludingother opertingincome) - Not
		annualised
	7	Net prft margin % (Prft afer tax/Total revenuefom		7.28%	I	1.83%	10.76%		10.17%
		opertions including otheropertingincome) - Notannualised
	8	Debtequitrtio(Ttal debt including lease liabilities/Total		0.3		0.4		0.4		0.4
		equit)
	9	Longterm debt toworkingcapital		10.54		20.0		6.66	20.0
		{(Noncurent borowings+curent matuity oflong ter
		borrwings+lease liabilities)/Workingcapital}
	10	Total debts to Total assets		0.24		0.25		0.25		0.25
		(Total debt including lease liabilities/ Total assets )
	I I	Curentrtio(Totalcurent assets/ Total curent liabilities)		105		103		108		103
SRF-General[	12 #Refr Restricted use]	Current liability Ratio(Total currentliabilities/Total liabilities) , Noteno 6 /,.,.,-� • • ....) l ) - This mail documentcan be usedbyrecpientsbritsintendedpuroseonly.		0.63	~ 48 ¢ 8 [ + ( G U R G R+ k 8, « 8Ac					0.61

SRF LIMITED SF 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 I 0091 Tel. No (Regd office): (+91-1 I ) 49482870 Fax: (+91-1 I ) 49482900

E-mail: info@srf.com Website: www.srf.com CIN - L 1 8 IO I DLI 970PLC005 I 97

NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RES UL TS FOR THE QUARTER ENDED JUNE 30, 2024

• 5 The Board at its meeting held today has approved first interim dividend for 2024-25 of Rs.3.60 per fully paid up equity share of Rs. IO each, aggregating Rs. I 06. 7 I crores.

• 6 The figures of the quarter ended March 3 I , 2024 are the balancing figures between the audited figures in respect of full financial year and published unaudited year to date figures upto third quarter of the relevant financial year. The figures upto the end of the third quarter had only been reviewed and not subject to audit.

• 7 Limited Review:

The Limited Review, as required under Regulation 33 and Regulation 5204) of SEBI (Listing Obligations and Disclosure Requirements) Regulations. 20 15 , as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 202 I as amended has been completed by the Statutory Auditors.

Place: Gurugram Date: July 23, 2024

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For nd on behalf of the Board
Ashish Bharat Ram
Chairman and Managing Director
1'
l.
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