SRF Ltd. — Regulatory Filings 2018

Nov 1, 2018

The Corporate Relationship Department, BSE Limited 1st Floor , New Trading Ring Rotunda Building, P.J. Towers Dalai Street, Mumbai 400 001

National Stock Exchange of India Limited "Exchange Plaza" Bandra-Kurla Complex Bandra (E) Mumbai 400 051

Scrip Code- 503806 Scrip Code-SRF

SRF/SEC/BSE/NSE 01.11.2018

Dear Sir,

Press Release

We enclose a copy of the Press Release issued by the Company

Thanking you,

Yours faithfully,

for SRF LIMITED

ANOOP K. SHI PRESIDEN , CFO & COMPANY SECRETARY

Encl: As above

SRF LIMITED

Block-C Sector-45 Gurugram 122 003 Haryana India Tel: +91-124-4354400 Fax: +91-124-4354500 E-mail: info@srf.com Website: www.srf.com

Regd. Office: Unit No. 236 & 237, 2nd Floor DLF Galleria, Mayur Place Noida Link Road Mayur Vihar Phase-1 Extension Delhi 110091

For immediate release

SRF Limited ,%nnounces Q2 and H1 FY19 Financial Results

Gurugrani, November 01, 2013.SRF Limited, a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates today announced its consolidated financial results for the second quarter and half year ended September 30, 2018.

Consolidated Q2 Financialc

The consolidated gross sales of the Company grew by 48% from 11,270 crore to 11,882 crore in Q2FY19 when compared with Corresponding Period Last Year (CPLY). The Company reported an increase of 47% in its consolidated Profit after Tax (PAT) from 1103 crore to 1151 crore in Q2FY19 over CPLY.

Commenting on the results, Managing Director, Ashish Bharat Ram said "We have had a good start to the year. With the revival of the Specialty Chemicals Business from the second half of the current year, we are optimistic of an overall healthy performance going forward."

Consolidated Q2FY1.3 Segment Results

The Technical Textiles Business reported an increase of 30% in its segment revenue from 1417 crore to 1544 crore during Q2FY19 over CPLY. The operating profit of the Technical Textiles Business increased by 74% from 151 crore to 188 crore in Q2FY19 over CPLY. The Business has performed well on account of better volumes, operational cost savings and a favourable exchange movement.

The Chemicals Business reported an increase of 57% in its segment revenue from 1346 crore to 1542 crore during Q2FY19 over CPLY. The operating profit of the Chemicals Business increased by 42% from 144 crore to 163 crore in Q2FY19 over CPLY. The Fluorochemicals Business continued to maintain its market leadership position offering the widest portfolio of refrigerants and value-added products to its customers. The Specialty Chemicals Business performed in line with expectations and revival is expected in the agrochemicals market in the second half.

The Packaging Films Business reported an increase of 69% in its segment revenue from 1411 crore to 1696 crore during Q2FY19 when compared with CPLY. The operating profit of the Packaging Films Business increased by 143% from 150 crore to 1120 crore in Q2FY19 over CPLY on account of higher volumes and better margins. The new plants capitalized in the calendar year 2017 have contributed significantly to the growth of the Business.

Other Businesses' reported an increase of 19% in its segment revenue from 1114 crore to 1135 crore during Q2FY19 over CPLY. The operating profit of the Other Businesses decreased by 16% from U5 crore to 112 crore in Q2FY19 over CPLY.

SRF Limited

Corporate Office: Block C, Sector 45, Gurugram, Haryana-122003 Regd. Office: Unit No. 236 & 237, 2nd Floor, DLF Galleria, Mayur Place, Mayur Vihar Phase I Extn, Delhi- 110 091

HI Financals

In the first six months of FY19, the Company's PAT increased by 38% from X207 crore to 285 crore over CPLY. SRF's revenue increased by 42% from X25432 crore to 13599 crore over CPLY.

innovata_ ;In fnterectlial Property

As of September 30, 2018, the Company has applied for 149 patents, with four patents applied during the quarter. The Company has been granted twenty-one patents at the close of business on September 30, 2018.

Awards and Recognition

SRF's Chemicals Business sites in Bhiwadi and Dahej have been granted permission to use the Responsible Care Logo by the Indian Chemical Council for a period of three years.

SRF's Packaging Films Business (Indore SEZ facility) received the Sword of Honour and 5-Star rating for Occupational Health and Safety from the British Safety Council, a first-of-itskind recognition in the Indian Packaging Films Industry.

***

About SRF Limited

Established in 1970, SRF Limited with an annual turnover of X5,600 crore (US\$ 860 million) is a chemical based multibusiness entity engaged in the manufacturing of industrial and specialty intermediates. The company's diversified business portfolio covers Technical Textiles, Fluorochemicals, Specialty Chemicals, Packaging Films and Engineering Plastics. Anchored by a strong workforce of more than 6,300 employees from different nationalities working across twelve manufacturing plants in India, two in Thailand and one in South Africa, the company exports to more than 75 countries. Equipped with State-of-the-Art R&D facilities, SRF has filed 149 patents for R&D and technology so far, of which twentyone have been granted. A winner of the prestigious Deming Prize for two of its businesses namely Tyre Cord and Chemicals, SRF continues to redefine its work and corporate culture with TQM as its management way.

For further information, please contact:

Nitika Dhawan Head of Corporate Communications Mobile — 9910158528 nitika.dhawanOsrf.com

¹From Q1FY19, the Coated Fabrics, Laminated Fabrics and Engineering Plastics Business have been combined into the segment "Others" for a better representation of our Business segments.

²The revenue numbers for H1 FY18 includes excise duty. For other periods, the revenue reported is net of GST.

SRF Limited

SRP Corporate Office: Block C, Sector 45, Gurugram, Haryana-122003 Regd. Office: Unit No. 236 & 237, 2nd Floor, DLF Galleria, Mayur Place, Mayur Vihar Phase I Extn, Delhi- 110 091