Srf Ltd Q4fy23 Pat Down 7 13 Yoy As Input Costs Hit Opms At Packaging And Technical Textiles Business

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

SRF Ltd Q4FY23 PAT down -7.13% yoy as input costs hit OPMs at packaging and technical textiles business

ri-calendar-2-lineMay 10, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

SRF Ltd reported 6.44% growth in total revenues for the March 2023 quarter on consolidated basis at Rs3,778cr. On a sequential basis, the revenues were up by 8.58%. In terms of segmental sales, the company showed strong growth traction in the chemicals business. However, the technical textiles business and the packaging business saw a sharp fall in sales on yoy basis due to weak global demand.

On the operating profits front, it was once again the chemicals business that saw operating profits expanding from Rs504 crore to Rs739 crore yoy. The operating numbers of the Technical Textiles business almost halved to Rs48.40 crore while the operating profits of the packaging business fell from Rs276 core to just Rs41 crore. This segment put the most pressure on the overall profit growth for the quarter.

Financial highlights for Mar-23 compared yoy and sequentially

 SRF Ltd    

Rs in Crore

Mar-23

Mar-22

YOY

Dec-22

QOQ

Total Income (Rs cr)

₹ 3,778

₹ 3,549

6.44%

₹ 3,480

8.58%

Operating Profit (Rs cr)

₹ 840

₹ 876

-4.08%

₹ 726

15.71%

Net Profit (Rs cr)

₹ 562

₹ 606

-7.13%

₹ 511

10.09%

 

 

 

 

 

 

Diluted EPS (Rs)

₹ 18.97

₹ 20.43

 

₹ 17.24

 

OPM

22.23%

24.67%

 

20.86%

 

Net Margins

14.89%

17.06%

 

14.68%

 

 

It was the pressure on the operating performance of the packaging and the technical textiles business that led to fall in profits in the quarter. The operating margins fell over 240 bps to 22.23% while the net margins fell by over 210 bps to 14.89% on a yoy basis.

Related News

News Thumbnail
Quarterly Result

BLS's Q2FY24 Financial Performance Review

2 mins read. November 6, 2023 at 08:56 AM

News Thumbnail
Quarterly Result

Interglobe Aviation's Q2FY24 Financial Performance Review

2 mins read. November 3, 2023 at 11:31 AM

News Thumbnail
Quarterly Result

Titan's Q2FY24 Financial Performance Review

2 mins read. November 3, 2023 at 10:59 AM

News Thumbnail
Quarterly Result

Zomato's Q2FY24 Financial Performance Review

3 mins read. November 3, 2023 at 09:50 AM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions