India's SRF drops to nine-month low on third-quarter revenue miss

SRF

21/01/2026 04:50

** Shares of SRF SRFL.NS extends fall, down 4.5% to 2,752 rupees, its lowest since April 9, 2025

** Stock on track for sixth straight session of losses

** Indian chemicals conglomerate's third-quarter missed revenue view, weighed by weak demand for its specialty chemicals

** However, co's third-quarter profit jumped nearly 60%, helped by a tax provision write-back of 991.2 million rupees

** Brokerage UBS says SRF's medium‑term growth looks constrained due to elevated refrigerant prices, continued Chinese pricing pressure, ongoing weakness in agri‑chem, and management abandoning its 20% specialty‑chem growth target

** SRFL rated "hold" on avg by 26 analysts covering it; median PT at 3272 rupees- data compiled by LSEG

** In 2025, SRFL gained 37%

(Reporting by Urvi Dugar and Komal Salecha in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))