India's SRF rises after upbeat fourth-quarter results

SRF

06/05/2026 04:42

** Chemicals manufacturer SRF Limited shares rise 3.3% to 2,605 rupees in pre-open trade

** Co reports an 11% jump in net profit after tax to 5.82 billion rupees ($61.15 million) from 5.26 billion rupees last year

** Revenue from operations rises 7% to 46.15 billion rupees from 43.13 billion rupees a year earlier

     ** "Exports to the Middle East were impacted during the quarter. While we remain confident about the path ahead, the prevailing geopolitical uncertainty continues to be a key concern," says Chairman and MD Ashish Ram

** Jefferies analysts said the outperformance was led by strong Refgas performance, with export volumes and prices rising sharply

** 15 of 27 brokerages rate the stock "buy" or higher; their median PT is 3,245 rupees

** YTD, the stock is down 17.9% vs a 7.9% fall in the Nifty 50 Index .NSEI

($1 = 95.1800 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.Parmar@thomsonreuters.com;))