SRF503806Chemicals
SRF shares fell about 6% after the company missed on margins and chemicals business growth in its quarterly results
By ScoutQuest · · 1 min read
- Stock price decline
- 6 percent
- Margin decline YoY
- 200 basis points
- Current margin
- 19 percent
- Expected margin
- 22.5 percent
- Profit shortfall
- 100 crore rupees
Heard on business television between 14:59:53 - 15:02:53 IST.
- Margins declined 200 basis points YoY to about 19%, versus street expectation of 22.5%.
- Profits came in about 100 crore rupees lower than expected; revenues were slightly better than expected.
- Chemicals business, expected to drive growth with around 30-33% YoY growth, grew only 25%, causing the biggest disappointment.
- Packaging films grew 25% against an expected 42%, and technical textiles grew about 25.5% against an expected 32%.
- Stock fell 6% in a weak market; management commentary on demand and pricing was awaited via press release.
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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
Brokerages stayed cautious to negative on SRF after Q2 results missed estimates on chemical margin pressure and weak demand
23 Oct 2026
Source: Live TV News Channel · 21 Oct 2026
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