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28-Oct-2023

SRF

Destocking and inventory rationalization in Chemical business impacted performance


'Consolidated Net sales (including other operating income) of SRF has declined 14.77% to Rs 3177.36 crore.  Sales of Technical Textile Business segment has gone up 8.56% to Rs 506.15 crore (accounting for 15.91% of total sales).  Sales of Chemicals and Polymers Business segment has gone down 22.07% to Rs 1,426.30 crore (accounting for 44.84% of total sales).  Sales of Packing Film Business segment fell 15.74% to Rs 1,121.51 crore (accounting for 35.26% of total sales).  Sales of Others segment has gone up 26.38% to Rs 126.86 crore (accounting for 3.99% of total sales). 

Profit before interest, tax and other unallocable items (PBIT) has slumped 22.66% to Rs 533.07 crore.  PBIT of Technical Textile Business segment rose 19.10% to Rs 74.95 crore (accounting for 14.06% of total PBIT).  PBIT of Chemicals a...



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