SRF Ltd. Quarterly Results: Standalone & Consolidated Reports

Quarterly Results

Results Snapshot

YoYQoQ

Figures in Cr

Consolidate Quarterly Results

Dec'25

Sep'25

Jun'25

Mar'25

Dec'24

Sep'24

Jun'24

Net Sales

3,712.53

3,640.19

3,818.62

4,313.34

3,491.31

3,424.30

3,464.12

Other Operating Income

0.00

Total Operating income

3,712.53

3,640.19

3,818.62

4,313.34

3,491.31

3,424.30

3,464.12

Raw Material Cost

1,889.91

1,925.09

1,931.22

1,994.86

1,868.97

1,885.87

1,824.50

Purchase of Finished goods

80.08

96.02

41.00

31.23

19.56

33.94

40.13

(Increase) / Decrease In Stocks

-134.37

-252.12

-61.52

206.35

-82.92

-85.76

-37.57

Employee Cost

280.84

277.14

277.26

276.15

260.75

253.38

252.19

Power Cost

325.78

342.06

362.73

333.98

331.09

345.07

341.73

Manufacturing Expenses

0.00

Selling and Distribution Expenses

0.00

Other Expenses

490.32

477.85

438.09

513.36

474.29

453.76

439.72

Total Expenditure (Excl Depreciation)

2,932.56

2,866.04

2,988.78

3,355.93

2,871.74

2,886.26

2,860.70

Operating Profit (PBDIT) excl Other Income

779.97

774.15

829.84

957.41

619.57

538.04

603.42

Other Income

27.33

25.71

29.12

34.49

39.64

33.33

25.26

Operating Profit (PBDIT)

807.30

799.86

858.96

991.90

659.21

571.37

628.68

Interest

65.50

70.68

79.90

89.39

96.25

93.78

96.54

Exceptional Items

-73.24

0.00

Gross Profit (PBDT)

668.56

729.18

779.06

902.51

562.96

477.59

532.14

Depreciation

216.89

212.13

203.24

195.15

194.26

193.93

188.16

Profit Before Tax

451.67

517.05

575.82

707.36

368.70

283.66

343.98

Tax

19.01

128.87

143.50

181.30

97.62

82.24

91.76

Provisions and contingencies

0.00

Profit After Tax

432.66

388.18

432.32

526.06

271.08

201.42

252.22

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

432.66

388.18

432.32

526.06

271.08

201.42

252.22

Share in Profit of Associates

0.00

Minority Interest

0.00

Other related items

0.00

Consolidated Net Profit

432.66

388.18

432.32

526.06

271.08

201.42

252.22

Equity Capital

296.42

Face Value

10.0

Reserves

13,445.44

12,966.18

12,802.56

12,328.76

11,820.62

11,699.87

11,478.90

Earnings per share (EPS)

14.6

13.1

14.58

17.75

9.15

6.8

8.51

Diluted Earnings per share

14.6

13.1

14.58

17.75

9.15

6.79

8.51

Operating Profit Margin (Excl OI)

21.6%

21.9%

22.2%

22.71%

18.19%

16.14%

17.74%

Gross Profit Margin

18.51%

20.63%

20.84%

21.41%

16.53%

14.32%

15.64%

PAT Margin

11.98%

10.98%

11.56%

12.48%

7.96%

6.04%

7.41%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Quarterly Analysis Highlights - QoQ

Net Sales

QoQ Growth in quarter ended Dec 2025 is 1.99% vs -4.67% in Sep 2025

Consolidate Net Profit

QoQ Growth in quarter ended Dec 2025 is 11.46% vs -10.21% in Sep 2025

Operating Profit (PBDIT) excl Other Income

QoQ Growth in quarter ended Dec 2025 is 0.75% vs -6.71% in Sep 2025

Interest

QoQ Growth in quarter ended Dec 2025 is -7.33% vs -11.54% in Sep 2025

Operating Profit Margin (Excl OI)

QoQ Growth in quarter ended Dec 2025 has fallen from Sep 2025

Compare Quarterly Results Of SRF With

Select Peers

Figures in Cr

Consolidate Quarterly Results

Change(INR)

Change(%)

Net Sales

3,712.53

3,554.44

158.09

4.45%

Other Operating Income

0.00

Total Operating income

3,712.53

3,554.44

158.09

4.45%

Raw Material Cost

1,889.91

1,351.14

538.77

39.88%

Purchase of Finished goods

80.08

222.03

-141.95

-63.93%

(Increase) / Decrease In Stocks

-134.37

24.98

-159.35

-637.91%

Employee Cost

280.84

470.72

-189.88

-40.34%

Power Cost

325.78

0.00

325.78

Manufacturing Expenses

0.00

Selling and Distribution Expenses

0.00

Other Expenses

490.32

634.84

-144.52

-22.76%

Total Expenditure (Excl Depreciation)

2,932.56

2,703.71

228.85

8.46%

Operating Profit (PBDIT) excl Other Income

779.97

850.73

-70.76

-8.32%

Other Income

27.33

50.16

-22.83

-45.51%

Operating Profit (PBDIT)

807.30

900.89

-93.59

-10.39%

Interest

65.50

13.28

52.22

393.22%

Exceptional Items

-73.24

0.00

-73.24

Gross Profit (PBDT)

668.56

887.61

-219.05

-24.68%

Depreciation

216.89

99.95

116.94

117.00%

Profit Before Tax

451.67

787.31

-335.64

-42.63%

Tax

19.01

202.71

-183.70

-90.62%

Provisions and contingencies

0.00

Profit After Tax

432.66

584.95

-152.29

-26.03%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

432.66

584.95

-152.29

-26.03%

Share in Profit of Associates

0.00

-0.35

0.35

100.00%

Minority Interest

0.00

5.37

-5.37

-100.00%

Other related items

0.00

Consolidated Net Profit

432.66

579.23

-146.57

-25.30%

Equity Capital

296.42

101.77

194.65

191.26%

Face Value

10.00

1.00

0.00

Reserves

13,445.44

0.00

13,445.44

Earnings per share (EPS)

14.60

5.69

8.91

156.59%

Diluted Earnings per share

14.60

5.69

8.91

156.59%

Operating Profit Margin (Excl OI)

21.60%

23.93%

0.00

-2.33%

Gross Profit Margin

18.51%

24.97%

0.00

-6.46%

PAT Margin

11.98%

16.45%

0.00

-4.47%

Public Share Holdings (%)

0.00%

0.00

0.00%

Pledged Promotor Holding (%)

0.00%

0.00

0.00%

Quarterly - Net Sales

Net Sales 3,712.53 Cr

in Dec 2025

Figures in Cr

QoQ Growth in quarter ended Dec 2025 is 1.99% vs -4.67% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 6.34% vs 14.36% in Dec 2024

Quarterly - Consolidate Net Profit

Consolidate Net Profit 432.66 Cr

in Dec 2025

Figures in Cr

QoQ Growth in quarter ended Dec 2025 is 11.46% vs -10.21% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 59.61% vs 6.96% in Dec 2024

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 779.97 Cr

in Dec 2025

Figures in Cr

QoQ Growth in quarter ended Dec 2025 is 0.75% vs -6.71% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 25.89% vs 9.50% in Dec 2024

Quarterly - Interest

Interest 65.50 Cr

in Dec 2025

Figures in Cr

QoQ Growth in quarter ended Dec 2025 is -7.33% vs -11.54% in Sep 2025

YoY Growth in quarter ended Dec 2025 is -31.95% vs 42.87% in Dec 2024

Quarterly - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 21.60%

in Dec 2025

Figures in %

QoQ Growth in quarter ended Dec 2025 has fallen from Sep 2025

YoY Growth in quarter ended Dec 2025 has improved from Dec 2024