SRF503806Specialty chemicals
Brokerages stayed cautious to negative on SRF after Q2 results missed estimates on chemical margin pressure and weak demand
By ScoutQuest · · 1 min read
- Stock decline YTD/6-months
- 24-25 percent
Heard on business television between 08:52:26 - 08:55:26 IST.
- SRF's Q2 results missed estimates, dragged by weak performance in the chemicals business and performance films and foils segment.
- Jefferies maintained 'hold', citing chemicals segment hit by margin pressure from overcapacity in China, though refrigerant gas performance remained strong.
- Morgan Stanley maintained 'underweight', citing non-fluoro vertical drag, raw material cost inflation and sequential demand softness after a strong Q1; expects India's R32 supply to expand materially in 2027.
- UBS maintained 'sell', noting chemical revenue grew but margins declined due to pricing pressure and Chinese overcapacity, though refrigerant volumes were robust.
- Stock is down nearly 24-25% over the last six months/YTD.
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Also from SRF
Morgan Stanley maintained underweight on SRF after Q2 results showed margin pressure
23 Oct 2026
Jefferies maintained a hold rating on SRF citing chemical margin pressure from Q2 results
23 Oct 2026
UBS maintained a sell rating on SRF citing pricing pressure and Chinese overcapacity despite robust refrigerant volumes
23 Oct 2026
Source: Live TV News Channel · 23 Oct 2026
The call above is Jefferies's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.