Indian chemicals maker SRF's profit jumps on robust demand

SRF

27/10/2025 10:05

Oct 27 (Reuters) - Indian chemicals and polymers maker SRF SRFL.NS posted a 93% year-on-year jump in second-quarter profit on Monday, boosted by higher demand in its mainstay chemicals business.

The company's consolidated profit after tax rose to 3.88 billion rupees ($44.1 million) for the quarter ended September 30.

SRF's chemical business, which consists of specialty chemicals, fluorochemicals and agrochemicals and accounts for nearly half of its revenue, rose 22.8%.

Overall revenue rose 6.3% to 36.4 billion rupees.

KEY CONTEXT

Analysts expect SRF to benefit from robust demand for refrigerant gases and continued growth in its specialty chemicals business.

However, they anticipate the broader Indian chemicals sector to report mixed second-quarter results, citing muted pricing, margin pressure for commodity players and selective gains in export-focused segments.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth(%)
Profit growth(%)
Mean rating*
# of analysts
Stock to price target**
Div yield (%)
SRF
SRFL.NS
40.57
22.91
13.30
36.47
Hold
25
1.01
0.25
Coromandel International
CORF.NS
24.61
16.01
9.97
28.44
Buy
10
0.82
0.55
Deepak Fertilisers and Petrochemicals Corp
DPFE.NS
15.19
8.58
NULL
NULL
Buy
1
0.80
0.69
PI Industries
PIIL.NS
30.77
21.28
9.51
7.88
Hold
23
0.91
0.45

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JULY-SEPTEMBER STOCK PERFORMANCE

-- All data from LSEG IBES

-- ($1 = 87.8950 Indian rupees)

SRF https://tmsnrt.rs/4326AMW

 (Reporting by Aleef Jahan; Editing by Sumana Nandy)

 ((aleefjahan.cs@thomsonreuters.com))