SRF Q2 FY27: revenue up 35% to INR 4,904.2 crore, PAT up 31% as films and foil revenue jumps 51%
Q2 FY27 revenue up 35% to INR 4,904.2 crore, operational EBIT up 26% to 816.0 crore, PAT up 31% to 509.1 crore.
By ScoutQuest · · 1 min read
- Revenue from operations
- INR 4,904.2 crore in Q2 FY27, up 35% from 3,640.2 crore
- Operational EBIT
- 816.0 crore, up 26%, margin at 17% versus 18%
- PAT
- 509.1 crore, up 31%, at a 10% margin
- Period
- Q2 FY27
- Positioning
- SRF presents itself as a diversified manufacturer across Chemicals, Performance Films & Foil and Technical Textiles, with chemicals contributing 42.4% of Q2 FY27 revenue.
📈 Consolidated revenue from operations rose 35% to INR 4,904.2 crore in Q2 FY27 from 3,640.2 crore; operational EBIT rose 26% to 816.0 crore with margin at 17% versus 18%, and PAT rose 31% to 509.1 crore at a 10% margin. Sequentially, revenue and profit were below Q1 FY27 levels of 5,033 crore and 759 crore PAT.
📉 Performance Films & Foil was the standout: revenue up 51% to 2,122 crore and operational EBIT up 73% to 206 crore, lifting its EBIT share to 25.3%. Chemicals revenue grew 25% to 2,079 crore but EBIT margin fell to 25% from 29%; Technical Textiles EBIT rose 71% to 72 crore.
🏭 Management states PVDF commissioning is on track for Q3 FY27 capitalization, next-gen HFO capex is progressing with key regulatory approvals secured, and Chemours projects remain on track. The company expects refrigerant demand and pricing to remain stable, with new markets offsetting softer US demand.
🏭 The presentation lists strategic priorities of Make in India, building for sunrise sectors, value-addition, cross-business platforms and synergies. It says foil is expanding into energy storage and aseptic packaging, and FY26 ratios show net debt to equity of 0.27 and EBIDTA margin of 23.47%.
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
Brokerages stayed cautious to negative on SRF after Q2 results missed estimates on chemical margin pressure and weak demand
23 Oct 2026
More numbers
- Revenue from operations, Q2 FY274,904.2 (INR Crores)
- Revenue from operations, Q2 FY263,640.2 (INR Crores)
- Revenue growth YoY, Q2 FY2735%
- Operational EBIT, Q2 FY27816.0 (INR Crores)
- PBT, Q2 FY27671.0 (INR Crores)
- PAT, Q2 FY27509.1 (INR Crores)
- PAT growth YoY, Q2 FY2731%
- CB revenue, Q2 FY272,079.5 (INR Crores)
- PFB revenue, Q2 FY272,122.4 (INR Crores)
- TTB revenue, Q2 FY27595.1 (INR Crores)
- PFB operational EBIT, Q2 FY27206.2 (INR Crores)
- CB operational EBIT margin, Q2 FY2725%
- EBIDTA margin, FY2623.47%
- Net debt to equity, FY260.27
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