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SRF Ltd. — Interim / Quarterly Report 2026
Oct 27, 2025
61903_rns_2025-10-27_75c0632f-8071-4077-b23d-20f55c776e69.pdf
Interim / Quarterly Report
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The Corporate Relationship Department, BSE Limited 1[st] 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
27.10.2025
Dear Sir,
Unaudited Financial Results for the quarter and half year ended 30.09.2025 alongwith Limited Review Report for the quarter and half year ended 30.09.2025
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. 27[th] October 2025 (commenced at 10.30 a.m. and concluded at 02.55 p.m.) has inter-alia considered and approved –
-
Unaudited Consolidated Financial Results for the quarter and half year ended 30.09.2025 (copy enclosed alongwith Limited Review Report by Statutory Auditors for quarter and half year ended 30.09.2025)
-
Unaudited Standalone Financial Results for the quarter and half year ended 30.09.2025 (copy enclosed alongwith Limited Review Report by Statutory Auditors for quarter and half year ended 30.09.2025)
Thanking you,
Yours faithfully,
For SRF LIMITED
Digitally signed by RAJAT RAJAT LAKHANPAL LAKHANPAL Date: 2025.10.27 14:59:45 +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: [email protected] 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
B S R & Co. LLP
Chartered Accountants
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
Limited Review Report on unaudited standalone financial results of SRF Limited for the quarter ended 30 September 2025 and year to date results for the period from 01 April 2025 to 30 September 2025 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 2025 and year to date results for the period from 01 April 2025 to 30 September 2025 (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 IO 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) 24 IO "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.
-
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. t 0 August 2021, as amended, including the ma er in which it is to be disclosed, or that it contains any material misstatement.
For B S R & Co. LLP Chartered Accountants Firm's Registration No.:101248W/W-100022 �:=· Partner Gurugram Membership No.: 077569 27 October 2025 UDIN: 25077569BMOVVD6964
Registered Office: B S R & C o . {a partnership firm with Registration No. BA61223) converted into B SR &Co. LLP (a Limited 14th Floor, Central 3 Wing and North C Wing, NescoIT Park 4, Nesco Center, Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 Western Express Highway, Goregaon (East), Mumbai - 4 3 Page 1 of 1
vO SSFRF
SRF LIMITED
STANDALONE FINANCIAL RESULTS
FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
SRF • General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
.;O SF¢
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: [email protected] Website: www.sf.com CIN -- L 18101DL 1970PLC005197
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
| (Rs. in Crors, except | (Rs. in Crors, except | pershardata) | |||||
|---|---|---|---|---|---|---|---|
| Standalone | |||||||
| S.No. | Paricular |
30-Sp-25 | QuarerEnded 30-Jun-25 |
30-Sep-24 | Hal Year Ended 30-Sep-25 30-Sep-24 |
YearEnded 31-Mar-25 |
|
| (1) | (2) | (3) | (4) | (5) | (6) | ||
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | ||
| f | Revenuefrom operations | ||||||
| a.Sale of products | 2751.33 | 296601 | 2615.87 | 5717.34 | 529250 | 11377.27 | |
| b. Other operating revenues | 11.63 | 74.16 | 87.66 | 175.79 | 147.33 | 320.70 | |
| TotalRevenue from oprtons | 2852.96 | 304017 | 2703.53· | 5893.13 | 5439.83 | 11697.97 | |
| 2 | Otherincome | 30.05 | 3.95 | 43.55 | 65.00 | 78.62 | 17497 |
| 3 | TotalIncom | 2883.01 | 3075.12 | 2747.08 | 5958.13 | 5518.4 | 11872.94 |
| 4 | Expenses | ||||||
| a.Cost ofmaterals consumed | 1427.14 | 1409.03 | 1382.55 | 2836.17 | 2740.50 | 5602.99 | |
| b.Purchasesofstock-in-trade | 43.18 | 33.71 | 18.74 | 76.89 | 47.86 | 95.89 | |
| c.Changesin inventoresof fnishedgoods,wor-in-prgressand stock in trade |
(19952) | (23.92) | (5029) | (223.4) | (89.35) | 23 27 | |
| d.Empoyee beneftsexpense | 228.72 | 229.60 | 211.16 | 45832 | 42233 | 869.11 | |
| e. Financecost | 52.37 | 60.37 | 72 01 | 11274 | 14771 | 2935 | |
| fDeprecationand amorsationexpense | 170.11 | 16551 | 158.39 | 33562 | 313.44 | 62996 | |
| g.Powerandfel | 288.85 | 309.94 | 28522 | 598.79 | 59.72 | 112706 | |
| h.Exchange curency fuctuaton (gan) /loss | 29.41 | (455) | 16.59 | 24.86 | 39.72 | 113.43 | |
| i.Otherexpenses | 360.19 | 32.4 | 349.35 | 72263 | 686.86 | 1410.50 | |
| Totl expenses | 24 .4 | 252.13 | 243.72 | 4942.58 | 4878.79 | 10168.56 | |
| 5 | Proft bfor tx for the perod | 42.56 | 532.99 | 303.36 | 1015.55 | 639.66 | 1704.38 |
| 6 | Tax expnse | ||||||
| -Taxexpense | 119.90 | 135.99 | 7825 | 255.89 | 16461 | 439.57 | |
| -Tax adjustment related to earier years | (326) | ||||||
| 7 | Net Prft afer tx for the prod | 362.66 | 397.00 | 225.11 | 759.66 | 475.05 | 126807 |
| 8 | Oher ComprhensiveIncom | ||||||
| A. Itemsthatwilnotbe reclassifed toprftorloss | |||||||
| (i)a)Gain/(loss)on remeasurement of defnedbeneftobligaton | 2.13 | (3.58) | 5.09 | (1.5) | 1.61 | (0.28) | |
| (i)(b)Incometaonitem ()(a)above | (053) | 0.90 | (128) | 0.37 | (0.0) | 0.07 | |
| B.Itemsthatwiberecassifedtoprft orloss | |||||||
| (i)(a)Efectiveporon ofgain/(loss)on hedginginstrmentsina csh fow hedge |
(22891) | (10.18) | (36.98) | (239.09) | 14.88 | (6.08) | |
| (i)(b) Income tax onitem (i)(a)above | 5761 | 2.5 | 9.31 | 60.17 | (374) | 1.53 | |
| (ii)(a)Cost ofhedging resere | (2.05) | (2.9) | (4.54) | ||||
| (ii)(b)Incme taonitem (ii)(a)above | 0.52 | 0.75 | 1.14 | ||||
| 9 | Totl Oher ComprehensiveIncome /(loss) fortheperod | (169.70) | (10.30) | (25.39) | (180.00) | 10.14 | (8.16) |
| 1 | Totl Comprhensive Incom for the prod | 192.96 | 386.70 | 199.72 | 579.66 | 45.19 | 1259.91 |
| 11 | Paidup equitsharecptal (Rs10eachfuly paidup) | 29.42 | 296.2 | 296.2 | 296.42 | 29.42 | 29.2 |
| 12 | Otherequitexcuding revaluaton resere | 117356 | 1160.0 | 10598.99 | 1173656 | 10598.99 | 11271.21 |
| 13 | NetWorh* | 12032.98 | 11956.4 | 10895.1 | 1203298 | 10895.1 | 1157.63 |
| 14 | CapitalRedempton Resere | 10.48 | 1.8 | 1.48 | 10.48 | 10.48 | 10.4 |
| 15 | Basic andDilutedEPSfr theperod(notannualised) | 1223 | 13.39 | 759 | 2562 | 16.03 | 42.78 |
• Net Worth= Paid up share capital (excluding forfeited shares)+ Other equity
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SRF - General [Restricted use] - This mail, document can be used by recipients for its int purpose only.
N SSE
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: [email protected] Website: www.srf.com CIN-- L 18101DL 1970PLC005197
STATEMENT OF STANDALONE UNAUDITED SEGMENT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
| (Rs. in Crores) | ||||||
|---|---|---|---|---|---|---|
| Standalone | ||||||
| Quarer Ended | Hal Year | Ended | Year Ended | |||
| Paricular | 30-Sep-25 | 30-Jun-25 | 30-Sep-24 | 30-Sep-25 | 30-Sep-24 | 31-Mar-25 |
| (1) | (2 | (3) | (4) | (5) | (6) | |
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |
| Segment Revenue | ||||||
| a) TechnicalTextles Business(TB) | 474.34 | 466.55 | 535.53 | 940.89 | 160.82 | 202905 |
| b) Chemcals Busness(CB) | 167757 | 1832.53 | 1345.10 | 3510.10 | 2812.62 | 6649.59 |
| c) PeroranceFilmsand Foilbusiness (PFB) | 61. | 646.17 | 712.51 | 1256.39 | 1335.7 | 2599.86 |
| d)Others | 90.83 | 94.92 | 112.81 | 185.75 | 23897 | 427.54 |
| Total Segment Revenue | 2852.96 | 3040.17 | 2705.95 | 5893.13 | 57.88 | 1106.04 |
| Less:InterSegment Revenue | 2.2 | 8.05 | 8.07 | |||
| Revenue fom Operations | 285296 | 3040.17 | 2703.53 | 5893.13 | 5439.83 | 11697.97 |
| Segment Resul | ||||||
| (Prftbeforeinterestand tax fomeachSegment) | ||||||
| a)TechniclTexilesBusiness (TB) | 42.16 | 37.51 | 71.21 | 79.67 | 138.77 | 237.51 |
| b) ChemicalsBusiness (CB) | 475.46 | 495.7 | 246.3 | 971.18 | 553.8 | 1659.50 |
| c)Perorance FilmsandFoilbusiness(PFB) | 68.7 | 88.43 | 77.02 | 15720 | 123.75 | 254.85 |
| d)Others | 7.50 | 13.43 | 17.19 | 20.93 | 40.76 | 68.83 |
| Totl Segment Results | 593.89 | 635.09 | 411.85 | 1228.98 | 856.76 | 2220.69 |
| Less/(Add): | ||||||
| i)Finance Cost | 52.37 | 60.37 | 7.01 | 112.74 | 147.71 | 29.35 |
| i)Oter Unaocbe Expenses (netof incme) | 58.9 | 41.73 | 36.48 | 100.69 | 69.39 | 219.96 |
| Proft before tax fortheperod | 482.56 | 532.99 | 303.36 | 1015.55 | 639.66 | 104.38 |
| Segment Asset | ||||||
| a) TechniclTexiles Business (TB) | 2118.19 | 2181.77 | 2152.3 | 2118.19 | 215243 | 2210.05 |
| b) ChemclsBusiness (CB) | 11453.06 | 11220.91 | 10703.36 | 11453.06 | 1703.36 | 10858.57 |
| c)PeroranceFilmsand Foilbusiness(PFB) | 26761 | 2424.14 | 2483.80 | 2647.61 | 2483.80 | 2374.07 |
| d)Others | 231.88 | 257.20 | 204.6 | 231.88 | 204.4 | 217.12 |
| Total segmen asets | 16450.74 | 16084.02 | 155.05 | 1650.74 | 155.05 | 15659.81 |
| e)Unallocble | 1837.32 | 2173.68 | 2101.30 | 1837.32 | 211.30 | 2370.61 |
| Total | 18288.06 | 18257.70 | 165.35 | 1828806 | 1765.35 | 18030.42 |
| SegmentLabiliies | ||||||
| a) Technicl Texiles Business(TB) | 327.0 | 380.80 | 41.36 | 327.20 | 461.36 | 410.91 |
| b) Chemicals Business (CB) | 1121.11 | 1151.27 | 8978 | 112 1.11 | 897.84 | 1109.55 |
| c) Perorance Films andFoilbusiness(PFB) | 518.34 | 481.31 | 590.9 | 518.34 | 590.9 | 480.95 |
| d)Oters | 33.47 | 58.49 | 42.32 | 33.7 | 42.32 | 43.77 |
| Total segmenliabiiies | 2000.12 | 2071.87 | 1992.01 | 2000.12 | 1992.01 | 204.18 |
| e)Unaocble | 4253.94 | 4228.35 | 475691 | 4253.9 | 475.91 | 4416.59 |
| Total | 62506 | 6300.22 | 674.92 | 625.06 | 674.92 | 661.7 |
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SRF - General [Restricted use]. This mail, document can be used by recipients for its intended purpose only.
FE
:;Q
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: [email protected]:www.srf.com CIN - L18101DL 1970PLC005197
NOTES TO STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 27, 2025. 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 ofwww.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 listed commercial papers aggregating to Rs. 250 crores were outstanding as on September 30, 2025. 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, 2025, 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) | ||||||
|---|---|---|---|---|---|---|---|---|
| Stndalone | ||||||||
| SI No. |
Paricular | 30-Sep-25 | Quarer Ended 30-Jun-25 |
30Sep-24 | Hal Year 30-Sep-25 |
Ended 30-Sp-24 |
Year Ended 31-Mar-25 |
|
| (1) | (2) | (3) | (4) | (5) | (6) | |||
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |||
| 1 | Debt seric coverage ratio[Earings before depreiation,interest andta | 3.33 | 3.13 | 2.11 | 322 | 2.09 | 1.82 | |
| curenttax) /(Grossinterest and lease payments+scheduled prncipal | ||||||||
| repaymentof long ter debts)]-Notannualised | ||||||||
| 2 | Interest serice cverageratio [(Earings beforedepreciation,interest andtax | 1 |
9.39 | 5.63 | 9.70 | 5.71 | 6.89 | |
| curentta)/Grss interest and leasepayments] - Notannualised | ||||||||
| 3 | Bad debts to accounts recivable rato%(Bad debts includingprovision for | 0.01% | 0.0% | 0.01% | 0.0% | 0.0% | ||
| doubtldebts/Average tradereceivables)-Notannualised | ||||||||
| 4 | Debtors turover(Sale of products/ Averagetadereceivabes) - Annualised | 6.33 | 6.57 | 6.53 | 6.73 | 6.7 | 6.89 | |
| 5 | Inventorturover (Sale ofprducts/ Average inventor)- A ualised | 5.60 | 6.9 | 5.13 | 5.89 | 5.32 | 6.14 | |
| 6 | Operating margin%(Earings beforeinterest and tax/Total revenue frm | 18.75% | 19.52% | 13.88% | 19.15% | 14.47% | 17.1% | |
| operationsincluding other operatingincome)- Notannualised | ||||||||
| 7 | Netproftmargin%(Proft afer ta /Total revenuefom operations including | 12.71% | 13.06% | 8.33% | 12.89% | 8.73% | 1.84% | |
| other operatngincome)- Notannnualised | ||||||||
| 8 | Debt equitrato(Ttal debtincludinglease liabiltes/Total equit) | 0.25 | 0.26 | 0.35 | 0.25 | 0.35 | 0.29 | |
| 9 | Longterdebt toworingcpital[Non curent borowings+ crent maturtes | 1.57 | 1.27 | 2.32 | 1.57 | 2.32 | 1.4 | |
| of long terborowings+leaseliabilities)/ Worng cpital] | ||||||||
| 1 | Totaldebts to total assets(Totaldebtincluding leaseliabiltes/Totalassets) | 0.17 | 0.17 | 0.22 | 0.17 | 022 | 0.19 | |
| 11 | Curent rato(Total curent assets/Totalcrentliabilites) | 1.37 | 1.46 | 1.25 | 1.37 | 1.25 | 1.2 | |
| 12 | Curentliabilitratio(Total curent liabilities/Total liabiites) | 0.58 | 0.57 | 0.61 | 0.58 | 0.61 | 0.56 |
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SRF .General [Restricted use] - This mail, document can be used by recipients for its intended purpose only
N GS=
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: [email protected] Website: www.srf.com CIN -- L 18101DL 1970PLC005197
NOTES TO STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ,
ENDED SEPTEMBER 30, 2025
5 Standalone unaudited statement of assets and liabilities as at September 30, 2025
| (Rs. in Crores) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| As | at | ||||||||
| Paricular | 30-Sep-25 | 31-Mar25 | |||||||
| Unaudited | Audited | ||||||||
| ASSETS | |||||||||
| Non-urrent asset | |||||||||
| Proper, plant and equipment | 1481.23 | 10483.00 | |||||||
| Right-of-use assets | 214.26 | 221.22 | |||||||
| Capital wor-in-prgress | 1132.09 | 701.91 | |||||||
| Other intangibleassets | 102.08 | 105.09 | |||||||
| Financial assets | |||||||||
| Investments | 785.63 | 782.54 | |||||||
| Loans | 52.80 | 52.06 | |||||||
| Other fnancialassets | 112.44 | 137.87 | |||||||
| Other tax assets (net) | 213.90 | 202.96 | |||||||
| Oternon-curentassets | 267.96 | 185.73 | |||||||
| Totl non-urrentassets | 13362.39 | 12872.38 | |||||||
| Current asset | |||||||||
| Inventores | 207784 | 1804.88 | |||||||
| Financialassets | |||||||||
| Investments | 412.29 | 704.53 | |||||||
| Trade receivables | 1631.08 | 1765.14 | |||||||
| Cashand cashequivalents | 146.98 | 313.85 | |||||||
| Bank balances other than above | 27.99 | 15.25 | |||||||
| Loans | 48.65 | 142.47 | |||||||
| Other fnancialassets | 240.70 | 158.63 | |||||||
| Other curent assets | 340.14 | 25329 | |||||||
| Totl current assets | 4925.67 | 5158.04 | |||||||
| Totlassets | 18288.06 | 18030.42 | |||||||
| EQUIT ANDLABILTIES | |||||||||
| Equit | |||||||||
| Equitsharecpital | 297.4 | 297.4 | |||||||
| Other equit | 11736.56 | 11271.21 | |||||||
| Totl equit | 12034.00 | 11568.65 | |||||||
| Labities | |||||||||
| Non-urrent labilities | |||||||||
| Financial liabilities | |||||||||
| Borowngs | 1372.26 | 1566.60 | |||||||
| Leaseliabilites | 48.55 | 55.01 | |||||||
| Other fnancialliabilities | 61.43 | 18.45 | |||||||
| Prvisions | 70.25 | 67.63 | |||||||
| Deferedtax liabilies(net) | 976.15 | 993.20 | |||||||
| Othernon-curent liabites | 12578 | 127.33 | |||||||
| Total non-urrent liabities | 2654.42 | 2828.22 | |||||||
| Current labities | |||||||||
| Financialliabilites | |||||||||
| Borowings | 1618.26 | 168687 | |||||||
| Leaselabilities | 28.45 | 28.74 | |||||||
| Trade payables | |||||||||
| (a) Total outstandingdues ofmicr | enterrsesand smalenterrses | 11.59 | 93.24 | ||||||
| (b)Totaloutstandingdues of creditorotherthan | micro enterrses and smalenterrses | 1504.51 | 14701 | ||||||
| Other fnancal liabilities | 238.74 | 248.01 | |||||||
| Otercurentlabilites | 81.99 | 75.33 | |||||||
| Prvisions | 9.50 | 7.75 | |||||||
| Curent taliabilities(net) | 16.60 | 16.60 | |||||||
| Totl currentlabilities | � | ; | 3599.64 | 3633.55 | |||||
| / | R | u | � | ||||||
| Totl labities | /oK | G| | 6254.06 | 6461.77 | |||||
| I0/ | \ | ||||||||
| Totlequit and liabities | l | s Icipcpnl | l | 18288.06 | 18030.42 | ||||
| kl' 9 8 % , dA |
. |
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SRF - General Restricted use. This mail, document can be used by recipIp ients for its intended ur e onl.
v-0 SFE
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: [email protected] Website: www.srf.com CIN - L 18101DL 1970PLC005197
NOTES TO STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
6 Standalone unaudited cash flow statement for the half year ended September 30, 2025
| (Rs. in Crores) | (Rs. in Crores) | ||||
|---|---|---|---|---|---|
| HalfYear Ended | |||||
| Paricular | 30-Sep-25 | 30-Sep-24 | |||
| Unaudited | Unaudited | ||||
| A | CASH FLOW FROM OPERTING ACTIVITIES | ||||
| Prft before ta | 1015.55 | 639.66 | |||
| Adjustments for: | |||||
| Finance costs | 11274 | 14774 | |||
| InterestIncome | (17.2) | (31.96) | |||
| Net gain on sale of propery,plant and equipment | (3.21) | (0.08) | |||
| Netgain on fnancial assets measured at fairvalue throughprft and loss | (1.0) | (1772) | |||
| Credit impairedassetsprvided/writen ofI(witen back) | - | 0.17 |
1.08 | ||
| Amorisation ofgrantincome | (9.55) | (4.80) | |||
| Depreciation and amorisationexpense | 335.62 | 313. | |||
| Propery,plant and equipment andinventordiscrdedIprovided/ (writen back) | 6.30 | 2.18 | |||
| Insuranceincome againstPrpery,plantand equipment | (1.94) | (937) | |||
| Provision/liabilities nolonger requiredwritenback | (0.67) | (1084) | |||
| Netexchange currencyfluctuation loss | 31.85 | 30.82 | |||
| Employee sharebased payment expense | 4.26 | 4.26 | |||
| Stampduty on purchase ofinvestments | 0.09 | 005 | |||
| Adjustments for (increase) Idecrease inoperating assets: | |||||
| Tradereceivables | 149.93 | (71.53) | |||
| Inventories | (273.87) | (17894) |
|||
| Loans | (032) | (1.69) | |||
| Other assets | (148.08) | (0.35) | |||
| Adjustments for increase/(decrease)inoperating liabilities: | |||||
| Trade payables | 20.8 | 54.79 | |||
| Prvisions | 4.36 | 5.10 | |||
| Otherliabiities | (9510) | (119.22) |
|||
| Cash generated fom operations | 114.15 | 752.59 | |||
| Income taxespaid (net of refunds) | (21251) | (15445) |
|||
| Netcash generated frm operating activities | 901.6 | 598.14 | |||
| B | CASHFLOW FROMINVESTING ACTIVITIES | ||||
| Net(purchase)/sale ofcurrent investments | 308.14 | (33.51) | |||
| Income tax paidon sale ofinvestments | (1083) | ||||
| Stampduty on purcase of investments | (009) | (0.05) | |||
| Purchase of non-urent investments | (1.27) | ||||
| Interest received | 9.9 | 16.28 | |||
| Bankbalancesnotcnsidered ascshandcsh equivalents | 0.02 | (8.57) | |||
| DepositmadewithNonBankingFinancialCompany(NBFC) | (50.00) | ||||
| Paymentfor purchase ofprpery,plantand equipment,capitalwork-in- | (825.4) | (545.9) | |||
| prgress andotherintangible assets | |||||
| Prceeds from disposal of prpery,plant and equipment | 4.58 | 2.94 | |||
| Govermentgrant received | 1.08 | 17.52 | |||
| Loans given tosubsidiar | (37.60) | (5.00) | |||
| Repayment ofloans by subsidiaries | 131.00 | ||||
| Net cash used in investng activities | (4192) | (658.62) |
|||
| C | CASH FLOW FROM FINANCING ACTIVITIES | ||||
| Proceedsfrmlongterborowings | 40.00 | ||||
| Repayment of longtermborrwings | (259.54) | (29.1) |
|||
| Net prcedsfrmI(repayment ofshorterborrowings | (1721) | 381.31 | |||
| Dividendson equitysharecpital paid | (118.35) | (10 7) |
|||
| Payment towardslease liability | (17.92) | (1759) | |||
| Financcostspaid | (116.27) | (1563) | |||
| Net cash usedin fnancing activties | (69.29) | (195.99) |
|||
| Net decrease in cash and cash equivalents | (166.87) | (256.47) |
|||
| Cashandcsh equivalents atthebeginningoftheyear | 31385 | 361.77 | |||
| Cash and cash equivalents atte end of te perod | 146.98 | 105.30 |
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SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
SF¢
:;Q
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: [email protected]:www.srf.com CIN - L 18101 DL1970PLC005197
NOTES TO STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
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.
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Place : Gurugram Date : October 27, 2025
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----- Start of picture text -----
Ashish Bharat Ram
Chairman and Managing Director
----- End of picture text -----
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SRF . General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
B S R & Co. LLP Chartered Accountants
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
Limited Review Report on unaudited consolidated financial results of SRF Limited for the quarter ended 30 September 2025 and year to date results for the period from 01 April 2025 to 30 September 2025 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 oflndia operational circular SEBJ/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 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 2025 and year to date results for the period from 01 April 2025 to 30 September 2025 (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.
-
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 13, 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/ HS/P/CIR/2021/613 dated IO 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 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.
-
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
Registered Office:
8 S R & C o . { a partnership firm with Registration No. BA61223) converted into3SR &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 - 4 3 Page 1 of 3
B S R & Co. LLP
Limited Review Report (Continued) SRF Limited
Subsidiaries (continued):
-
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 b_elow, 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 ofRegulation 33 and Regulation 52(4) of the Listing Regulations, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/ HS/P/CIR/2021 /613 dated l O 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 a ets (before consolidation adjustments) of Rs. 3,830.04 crores as at 30 September 2025 and total revenues (before consolidation adjustments) of Rs. 726.28 crores and Rs. 1,445.89 crores, total net profit after tax (before consolidation adjustments) of Rs. 27.78 crores and Rs. 52.44 crores and total comprehensive income (before consolidation adjustments) of Rs. 28.36 crores and Rs. 53.07 crores, for the quarter ended 30 September 2025 and for the period from 0 1 April 2025 to 30 September 2025 respectively, and cash inflows (net) (before consolidation adjustments) of Rs. 21.86 crores for the period from 0 1 April 2025 to 30 September 2025 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 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 genera y 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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Page 2 of 3
B S R & Co. LLP
Limited Review Report (Continued)
SRF Limited
- The Statement includes the interim financial information of four Subsidiaries which have not been reviewed, whose interim financial information reflect total assets (before consolidation adjustments) of Rs. 94.99 crores as at 30 September 2025 and total revenues (before consolidation adjustments) of Rs. 54.38 crores and Rs. 101.76 crores, total net profit after tax (before consolidation adjustments) of Rs. 3.53 crores and Rs. 9.82 crores and total comprehensive income (before consolidation adjustments) of Rs. 3.53 crores and Rs. 9.82 crores, for the quarter ended 30 September 2025 and for the period from 01 April 2025 to 30 September 2025 respectively, and cash inflows (net) (before consolidation adjustments) of Rs. 0.10 crores for the period from O 1 April 2025 to 30 September 2025 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.
For B S R & Co. LLP
Chartered Accountants
Gurugram 27 October 2025
Firm's Registration No.:101248W/W-100022 -1 Ashish Bansal Partner Membership No.: 077569 UDIN: 25077569BMOVVE4449
Page 3 of 3
N SSE
SRF LIMITED
CONSOLIDATED FINANCIAL RESULTS
FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
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SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
SSE •
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@srfcom Website: w .srf.com CIN - LI8101DLl970PLC005197
STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
| (Rs. in Crores,except per share dat) | (Rs. in Crores,except per share dat) | (Rs. in Crores,except per share dat) | (Rs. in Crores,except per share dat) | |||||
|---|---|---|---|---|---|---|---|---|
| Consolidated | ||||||||
| Quarer Ended | Half Year | Ended | Year Ended | |||||
| S.No. | Paricular | 30-Sep-25 | 30-Jun-25 | 30-Sep-24 | 30-Sep-25 | 30-Sep-24 | 31-Mar25 | |
| (1) | (2) | (3) | (4) | (5) | (6) | |||
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |||
| Revenue from operations | ||||||||
| 1 | a) Sale of prducs | 3534.46 | 3738.58 |
3334.06 | 7273.04 | 6736.29 | 14358.15 |
|
| b)Other operatingrevenues | 105.73 | 80.0 |
90.24 | 185.7 | 152.13 | 334.92 |
||
| Total Revenue from operations | 3640.19 | 3818.62 |
3424.30 | 7458.81 | 6888.42 | 14693.07 | ||
| 2 | Other income | 25.71 | 29.12 | 33.33 | 54.83 | 58.59 | 132.7 |
|
| 3 | Totl Income | 3665.90 | 3847.74 | 3,457.63 | 7513.64 | 6947.01 | 14825.79 | |
| 4 | Expenses | |||||||
| a) Cost of materialsconsumed | 1925.09 | 1931.22 |
1885.87 | 3856.31 | 3710.37 | 7574.20 |
||
| b) Purchases of stock-in-trde | 96.02 | 41.00 | 33.94 | 137.02 | 74.07 | 124.86 |
||
| c) Changesin inventores of fnished goods,work-in-prgress and stockintrade | (252.12) | (61.52) |
(85.76) | (313.6) | (123.33) | 0.10 |
||
| d)Employee benefs expense | 277.14 | 2726 |
253.38 | 554.0 | 505.57 | 142.7 |
||
| e) Finance costs | 70.68 | 79.90 | 93.78 | 150.58 | 190.32 | 375.96 |
||
| fDepreciaton and amorisaton expense | 212.13 | 203.24 |
193.93 | 415.37 | 382.09 | 771.50 |
||
| g)Power and fuel | 32.06 | 362.73 |
345.07 | 704.79 | 686.80 | 1351.87 |
||
| h) Exchange curencyfuctuaton (gain) / loss | 30.63 | (8.69) |
22.59 | 21.9 | 39.83 | 119.17 |
||
| i) Other expenses | 47.22 | 46.78 |
431.17 | 894.00 | 853.65 | 1761.96 |
||
| Totl expenses | 3148.85 | 3271.92 |
313.97 | 6420.7 | 6319.37 | 13122.09 |
||
| 5 | Prof before tx for theperiod | 517.05 | 575.82 |
283.66 | 1092.87 | 627.64 | 103.70 |
|
| 6 | Tax expense | |||||||
| - Tax expense | 128.87 | 143.50 |
82.24 | 272.37 | 174.00 | 456.18 |
||
| - Ta adjustmentrelatedto earier years | - | - | (3.26) |
|||||
| 7 | Net Proft afer txfor the period | 388.18 | 42.32 |
201.42 | 820.50 | 453.64 | 1250.78 |
|
| 8 | Other Comprehensive Income | |||||||
| A Items that wi not be reclassifed to profor loss | ||||||||
| (i) (a)Gain/(loss)on remeasurements of the defned benef obligation | 2.13 | (3.75) |
5.10 | (1.62) | 1.56 | (0.73) |
||
| (i) (b) Incme tax on item () (a)above | (0.5) | 0.93 | (1.29) | 0.39 | (0.0) | 0.07 |
||
| B Iemsthatwilbe reclassied to prft orloss | ||||||||
| (i) (a)Efective porion of gain/ (loss) on hedginginstrmentsinacsh fow hedge |
(228.32) | (1.13) | (36.99) | (238.45) | 14.2 | (716) |
||
| (i) (b) Income taonitem (i) (a)above | 57.61 | 2.56 | 9.31 | 60.1 | (3.74) | 1.53 |
||
| (ii) (a)Cost of hedgingresere | - | - |
(2.05) | (2.96) | (4.54) |
|||
| (ii) (b) Income tax on item (ii) (a) above | - | - |
0.52 | - | 0.75 | 1.14 |
||
| (iii) Exchange diferencson trnslationofforeignoperations | 61.00 | 49.7 |
149.52 | 110.72 | 157.33 | 111.07 |
||
| 9 | Total Other Comprehensive Income /(loss) for the period | {108.12) | 39.33 | 124.12 | (68.79) | 166.96 | 101.38 |
|
| 10 | Total Comprehensive Income / (loss) for the period | 280.06 | 471.65 | 325.5 | 751.71 | 620.60 | 1352.16 | |
| 1 1 | Paidup equitysharecpital (Rs.10 eachflypaid up) | 296.2 | 296.2 | 296.42 | 296.2 | 296.2 | 296.2 | |
| 12 | Otherequityexcludingrevaluaton resere | 12966.18 | 12802.56 |
11699.87 | 12966.18 | 11699.87 | 1232876 |
|
| 13 | Net Worh | 13262.60 | 13098.98 | 11996.29 | 13262.60 | 11996.29 | 12625.18 |
|
| 14 | CapitalRedemptionResere | 10.8 | 10.48 | 10.48 | 10.8 | 10.8 | 10.8 |
|
| 15 | Basic andDiluted EPSfor the perod (notannualised) | 13.10 | 14.58 |
6.79 | 27.68 | 15.30 | 42.20 |
Net worth= Paid up share capital (excluding forfeited shares)+ Other equity
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SRF . General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
O SF
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@srfcom Website: www.srf.com CIN -L18101DL1970PLC005197
STATEMENT OF CONSOLIDATED UNAUDITED SEGMENT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
| (Rs.in Crores) | ||||||
|---|---|---|---|---|---|---|
| Consoldated | ||||||
| Quarer Ended | Half Year | Ended | Year Ended | |||
| Pariculars | 30-Sep-25 (1) |
30-Jun-25 (2) |
30-Sep-24 (3) |
30-Sep-25 (4) |
30-Sep-24 (5) |
31-Mar-25 (4) |
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |
| Segment Revenue | ||||||
| a) Technicl Texiles Business(TTB) | 474.34 | 466.55 |
535.53 | 940.89 | 1060.82 | 2029.05 |
| b)Chemicls Business(CB) | 1666.88 | 1838.95 |
1357.79 | 3505.83 | 283979 | 6690.75 |
| c) Perormance Films &Foil Business (PFB) | 1408.14 | 141820 |
1420.59 | 2826.34 | 2756.89 | 5553.80 |
| d) Others | 90.83 | 94.92 |
11281 | 185.75 | 23897 | 427.54 |
| Totl Segment Revenue | 3640.19 | 3818.62 |
3426.7 | 7458.81 | 6896.47 | 14701.14 |
| Less: Inter SegmentRevenue | - | - |
2.2 | - | 8.05 |
8.07 |
| Revenue from Opertions | 3640.19 | 3818.62 |
3424.30 | 7458.81 | 6888.42 | 14693.07 |
| Segment Result | ||||||
| (ProfbeforeInterestand Tax from each Segment) | ||||||
| a) Technicl Texiles Business(TTB) | 42.30 | 37.64 |
71.34 | 79.94 | 139.04 | 238.05 |
| b) Chemicls Business(CB) | 481.31 | 502.92 |
246.14 | 984.23 | 552.55 | 1664.80 |
| c) PerormancFilms & Foil Business(PFB) | 118.95 | 140.20 |
82.81 | 259.15 | 169.56 | 364.53 |
| d) Others | 7.50 | 13.3 |
17.19 | 20.93 | 40.76 | 68.83 |
| Totl SegmentResult | 650.06 | 694.19 |
41.4 | 134.25 | 901.91 | 2336.21 |
| Less/(Add): | ||||||
| i) Finance Costs | 70.68 | 79.90 |
93.78 | 150.58 | 190.32 | 375.96 |
| ii)Other Unalocble Expenses(netof income) | 62.33 | 38.7 |
40.04 | 100.80 | 83.95 | 256.55 |
| Proft before t forthe period | 517.05 | 575.82 |
283.66 | 1092.87 | 627.64 | 103.70 |
| Segment Asset | ||||||
| a) Technical Texiles Busness (TTB) | 217.8 | 2170.93 |
2141.18 | 2107.8 | 2141.18 | 2199.07 |
| b) Chemicls Business (CB) | 11507.26 | 11268.31 |
10748.7 | 1150726 | 10748.77 | 1087520 |
| c) Perormanc Films & Foil Business (PFB) | 7 8.99 | 6926.69 |
67 .70 | 7228.99 | 6722.70 | 6645.73 |
| d)Others | 231.88 | 257.20 |
204.6 | 231.88 | 204.6 | 21712 |
| Totl segment asset | 21075.61 | 20623.13 | 19817.11 | 21075.61 | 19817.11 | 19937.12 |
| e) Unalocble | 1185.84 | 1498.63 |
1259.5 | 1185.84 | 1259.5 | 1620.00 |
| Totl | 22261.45 | 22121.76 |
21076.56 | 22261.45 | 21076.56 | 21557.12 |
| Segment Labities | ||||||
| a) TechniclTexies Business(TTB) | 327.20 | 380.80 |
461.36 | 327.20 | 461.36 | 41.91 |
| b) Chemicls Business(CB) | 1143.9 | 1173.07 |
906.11 | 1143.9 | 906.11 | 1114.53 |
| c)Perormanc Films &FoilBusiness(PFB) | 1631.7 | 1599.57 |
1411.04 | 1631.7 | 1411.04 | 1494.26 |
| d)Others | 33.7 | 58.9 |
4232 | 33.7 | 4232 | 43.7 |
| Totl segment labities | 3135.63 | 3211.93 |
2820.83 | 3135.63 | 2820.83 | 3063.47 |
| e) Unalocble | 5862.20 | 5809.83 |
6258.2 | 5862.20 | 6258.2 | 5867.5 |
| Totl | 8997.83 | 9021.76 |
9079.25 | 8997.83 | 9079.25 | 8930.92 |
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==> picture [142 x 82] intentionally omitted <==
SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
O SF
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 - 110091
Tel. No (Regd office) : ( + 91-11) 49482870 Fax : ( + 91-11) 49482900
E-mail: [email protected]:www.srf.com CI N- Ll8101DLl970PLC005197
NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
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 27, 2025. Following entities are subsidiaries of the Company:
-
i. SRF Holiday Home Limited
-
ii. SRF Altech Limited
-
iii. SRF Employees Welfare Trust ( Controlled Trust)
-
iv. SRF Global BY
-
v. SRF Europe Kft
-
vi. SRF Industries (Thailand) Limited
-
vii. SRF Middle East LLC
-
viii. SRF Flexipak (South Africa) (Pty) Limited
-
ix. SRF lndustex Belting (Pty) Limited
The Limited 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.
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.
The listed commercial papers aggregating to Rs. 250 crores were outstanding as on September 30, 2025. The Company's commercial paper programme has been rated as CRISIL Al+ by CRISIL and IND Al+ by India Ratings. During the quarter and half year ended Septemer 30, 2025, the Company has repaid all commercial papers due and payable on the respective due dates.
Additional disclosures as per Clause 52 (4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 20 15 :
| (Ratos/ percentages as applicable) | (Ratos/ percentages as applicable) | (Ratos/ percentages as applicable) | |||||
|---|---|---|---|---|---|---|---|
| Consoldated | |||||||
| Quarer Ended | Haf Year | Ended | Yea Ended | ||||
| S No. | Parcular | 3-Sep-2 | 3Jun-25 | 3Sep-24 | 30-Sep-25 | 30-Sep24 | 31-Mar-25 |
| (1) | (2) | (3) | (4) | (5) | (6) | ||
| Unaudite | Unaudite | Unaudite | Unaudite | Unaudite | Audited | ||
| I | Debt serce cverage rato{Ea gs befre depreiaton,iterest ad | 2.77 | 2.58 | 1.75 | 267 | 1.79 | 1.57 |
| ta -curent Ta)/(Goss Iterest ad leae payment+scheduled | |||||||
| prcipa repayent of long ter debt)} - Notauaised | |||||||
| 2 | Iteret serce cverae rato{ (Eaig befre depreciaton, interest | 8.99 | 8.55 | 4.81 | 8.76 | 504 | 6.14 |
| ad ta-cuentt)/Grossinteret ad leae payent)}-Not | |||||||
| auised | |||||||
| 3 | Ba debts to acouts reivale rato% (Bad debts incudig prvsion | 0.004% | 0.06% | 0.005% | 0.06% | 0.08% |
|
| fr doubtl debt/Avere tae receivale) - Not auaise | |||||||
| 4 | Debtor trover (Sae of prouct/Averagetade receivales) | 652 | 6.70 | 6.48 | 6.91 | 6.77 | 6.98 |
| Auise | |||||||
| 5 | Iventor tover(Saeofprduct/AveraeIventor)- Auaised | 5.46 | 6.23 | 5.20 | 5.73 | 5.41 | 6.14 |
| 6 | Oeratng mgin% (Eangsbfreinterest ad ta/Tota revenue | 16.15% | 17.17% | 1102% | 16.67% | 11.87% | 14.15% |
| fomoperatonsincudgoter operatgincome)-Notauised | |||||||
| 7 | Netprftmagin% (Poftaert/Totrevenuefom operaton | 10.66% | 11.32% | 5.88% | 1100% | 6.59% | 8.51% |
| icudng oter opertng incme) - Not auised | |||||||
| 8 | Debt equtrato (Ttadebticudgleeliabilites/Tota equit) | 0.35 | 035 | 0.4 | 0.35 | 0.4 | 0.37 |
| 9 | Lngterdebt toworkingcapita | 4.78 | 3.17 | 16.38 | 4.78 | 16.38 | 4 1 |
| {(Non cuent borowg+curent martoflong terbrowngs+ | |||||||
| leae liabilite)/Workig caita) | |||||||
| 10 | Tota debttoTotaset | 0.21 | 02l | 0.25 | 02l | 0.25 | 022 |
| (Totadebt incudingleaelailte/Totaset) | |||||||
| I | Cuent rato(Tota cuentaset/Totcurent liailite) | L.1 L | 17 | 1.03 | I I | 1.03 | 13 |
| 12 | CuentliailtRtio(Totcurentlailte/Ttaliabilite) | 062 | 06l | 0.63 | 062 | 0.63 | 06l |
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SF - General [Restricted use]- This mad, document can be used by recipients for ts i intended purpose only
� FI=
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 E.xtn, Delhi- 110091
Tel. No (Regd office) . (+91-1 1 ) 49482870 Fax : (+91-11) 49482900
E-mail: [email protected]:www.srf.com CIN - L 18101DL 1970PLC005197
NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
- 5 CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2025
| (Rs. in | Crores) | ||||
|---|---|---|---|---|---|
| As at | Asat | ||||
| Paricular | 30-Sep-25 | 31-Mar25 | |||
| Unaudited | Audited | ||||
| ASSETS | |||||
| Non-urent assets | |||||
| Propery,plant and equipment | 13579.98 | 13358.36 | |||
| Right-of-use assets | 241.87 | 248.98 | |||
| Capitalwork-in-prgress | 1237.69 | 811.02 | |||
| Otherintangible assets | 109.67 | 112.5 | |||
| Financial assets | |||||
| Investments | 124.54 | 122.76 | |||
| Loans | 5321 | 52.0 | |||
| Othersfnancial assets | 229.53 | 283.78 | |||
| Defered tax assets | 38.6 | 35.7 | |||
| Non Curenttax assets (net) | 214.08 | 203.60 | |||
| Other non-crrent assets | 283.73 | 198.9 | |||
| Total non-curent assets | 16112.94 | 15427.57 | |||
| Curent asets | |||||
| Inventories | 2729.67 | 238.97 | |||
| FinancialAssets | |||||
| Investments | 41229 | 704.53 | |||
| Trade receivables | 2043.3 | 2169.4 | |||
| Cash andcsh equivalents | 189.89 | 333.99 | |||
| Bankbalances otherthan above | 32.9 | 19.76 | |||
| Loans | 16.78 | 1.13 | |||
| Other fnancial assets | 269.59 | 168.14 | |||
| Othercrent assets | 454.6 | 367.57 | |||
| Total curent assets | 6148.51 | 6129.55 | |||
| Total asset | 22261.4 | 21557.12 | |||
| EQUIT AND LABILTIES | |||||
| Equit | |||||
| Equitsharecpital | 297. | 297.4 | |||
| Other equity | 1296.18 | 12328.76 | |||
| Total equit | 13263.62 | 12626.20 | |||
| Labites | |||||
| Non-curent labities | |||||
| Financial liabilities | |||||
| Borowings | 1913.54 | 1981.33 | |||
| Leaseliabilities | 49.59 | 56.05 | |||
| Otherfnancialliabilities | 61.3 | 18.5 | |||
| Prvisions | 88.93 | 82.60 | |||
| Defered taliabiities(net) | 104.68 | 1055.29 | |||
| Othernon-crentliabilities | 305.8 | 30727 | |||
| Total non-urent labities | 364.03 | 3500.99 | |||
| Curent labites | |||||
| FinancialLabilities | |||||
| Borrowings | 261339 | 2659.91 | |||
| Leaseliabilities | 28.45 | 28.74 | |||
| Trade payables | |||||
| a) Totaioutstandingdues ofmicrenterprisesand smallenterrises | 103.01 | 94.86 | |||
| b)Totaoutstanding dues ofceditors other than micro enterprises and smalenterprises |
2375.47 | 223.73 | |||
| Otherfnancial liabilities | 277.56 | 28.4 | |||
| Othercurrentliabilities | 102.15 | 98.73 | |||
| Prvisions | 11.75 | 9.81 | |||
| Curent taxliabilites(net) | 22.02 | 1671 | |||
| Totl curent labities | 5533.80 | 529.93 | |||
| Total liabilities | 8997.83 | 8930.92 | |||
| ".._- - | |||||
| Total equit and labities | / QC U0 | 22261.45 |
21557.12 | ||
| al[Retricedue]-Tismail,dumentcan beuse byreipientfoitintendepurpe only | / ; < • G IGURUGR 4 , @ eaAo" |
eral [Restricted use] - This mail, document can be used by recipients for ts i 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: [email protected]:www.srf.com CIN - L181010L1970PLC005197
NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
6 CONSOLIDATED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2025
| (Rs.in Crores) | (Rs.in Crores) | ||
|---|---|---|---|
| Half Year Ended | |||
| Paricular | 30-Sep-25 30-Sep-24 |
||
| Unaudited Unaudited |
|||
| A | CASH FLOW FROM OPER TNG ACTIVTIES | ||
| Proftbeforetax | 1,092.87 | 627.64 | |
| Adjustments for: | |||
| Finance costs | 150.58 | 190.32 | |
| Interest Income | (1.22) | (20.27) | |
| Net (gain) /loss onsale of proper plant and equipment | (2.87) | 0.03 | |
| Netgain on fnancial assets measured at fairvaluethroughproftand loss | (17.40) | (17.7) | |
| Credit impaired assetsprovided/ (writen back) | 0.10 | 1.19 | |
| Amorisationof grantincome | (13.80) | (5.68) | |
| Depreciatonand amorisation expense | 415.37 | 382.09 | |
| Proper,plant and equipment/inventorand other assets provided /writen ofI(wrtenback) | 6.25 | 2.22 | |
| Provision / liabilities no longer requiredwriten back | (0.67) | (10.84) | |
| Net exchange currency fuctuations(gain)/loss | 5.49 | 31.98 | |
| Employee share based paymentexpense | 4.26 | 4.26 | |
| Stampdutonpurchase of Investments | 0.09 | 0.05 | |
| Insurancincme againstProper, plantand equipment | (1.94) | (9.37) | |
| Changesinworking capitl: | |||
| Adjustmentsfr(increase)/decrease in operating assets: | |||
| Tradereceivables | 185.27 | (60.7) | |
| Inventories | (336.69) | (280.78) | |
| Loans | (0.20) | (2.36) | |
| Otherassets | (138.25) | (6.38) | |
| Adjustentsfr increase/ (decrease)inoperatingliabilities: | |||
| Tradepayables | 69.87 | 57.29 | |
| Provisions | 6.63 | 6.91 | |
| Other liabilities | (123.16) | (115.33) | |
| Cash generated fom operatons | 1,284.58 | 74.48 | |
| Incmetaxes paid (netofrefunds) | (223.62) | (16721) | |
| Net cash generated fom operatng activites | 1,060.96 | 607.27 | |
| B | CASH FLOW FROM INVSTING ACTIVTIES | ||
| Purchase ofnon-current investments | - | (1.27) | |
| Net(purchase) /Sale ofcurrent investents | 308.14 | (33.51) | |
| Incometax paidonsale of investments | (1.83) | - | |
| Stmpduton purhase ofInvestments | (0.09) | (005) | |
| Interestreceived | 6.11 | 5.13 | |
| Bankbalances notcnsideredascshandcsh equivalents | (0.30) | (10.06) | |
| Paymentforpurchase of prope r,plant,equipment,cpitalwork-in-progress andintngible | (879.38) | (598.57) | |
| assets | |||
| DepositsmadewithNonBanking FinancialCompany | - | (50.00) | |
| Govermentgrantreceived | 12.91 | 17.52 | |
| Proceedsfrom disposal ofproper,plant and equipment | 6.02 | 3.51 | |
| Net cash usedininvestng activites | (557.42) | (667.30) |
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SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
==> picture [56 x 22] intentionally omitted <==
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: [email protected] Website: www.srf.com CIN - L18101DL 1970PLC005197
NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
6 CONSOLIDATED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2025
| (Rs.inCrores) | (Rs.inCrores) | ||
|---|---|---|---|
| Half Year Ended | |||
| Pariculars | 30-ep-25 30-ep-24 |
||
| Unaudited Unaudited |
|||
| C | CASH FLOW FROM FINANCING ACTIVIES | ||
| Proc ds from longtermborrowings | 257.11 | 47.0 | |
| Repayment of long term borowings | (356.96) | (392.7) | |
| Netproceeds of shortermborrowings | (261.19) | 466.69 | |
| Dvidends on equit share cpitl paid | (11835) | (106.67) | |
| Paymenttowardslease liabit | (1.95) | (1762) | |
| Financ csts paid | (151.93) | (200.84) | |
| Net cash generated fom/ (used in) fnancing activities | (649.27) | (203.51) | |
| D | EFFECT OF EXCHANGE RTE MOVMENTS | 1.63 | 1.90 |
| Net increase/ (decrease) in cash and cash equivalent | (14.10) | (261.64) | |
| Cashand csh equivalents at the beginning ofte year | 333.99 | 399.33 | |
| Cash and cash equivalent at the end of the perod | 189.89 | 137.69 |
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N
SFF
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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: [email protected]:www.srf.com CIN - L18101DL1970PLC005197
NOTES TO CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2025
7 Limited Review :
The Limited Review, as required under Regulation 33 and Regulation 52(4) ofSEBI (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 I 0, 2021 as amended has been completed by the Statutory Auditors.
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Place: Gurugram
Date: October 27, 2025
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For d on behalf of the Board
Ashish Bharat Ram
Chairman and Managing Director
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SRF . General [Restricted use] - This mal, document can be used by rec«pents for s r intended purpose only