SRF Limited , a multi-business chemical conglomerate, has received a significant boost for its expansion plans in Madhya Pradesh. The company has secured approval under the Emergency Credit Line Guarantee Scheme (ECLGS) for an investment of ₹496 crore in the state.

Investment Impact

This strategic investment is expected to yield substantial returns for SRF and contribute to the economic growth of Madhya Pradesh:

The approval under the ECLGS, a government initiative designed to support businesses, particularly in the wake of economic challenges, underscores the confidence in SRF's growth potential and its ability to contribute to the local economy.

Production and Employment Boost

The investment is poised to significantly enhance SRF's production capabilities in Madhya Pradesh. With an expected production value of ₹1,311.00 crore, the project aims to strengthen the company's manufacturing output and market presence.

Moreover, the creation of 225 new jobs highlights the project's potential to stimulate local employment and contribute to the state's socio-economic development.

Strategic Expansion

This approval comes at a time when SRF has been actively pursuing growth opportunities. The new investment in Madhya Pradesh aligns with SRF's strategy to expand its production capabilities and maintain its competitive edge in the chemical sector.

Conclusion

The ECLGS approval for SRF's ₹496.00 crore investment in Madhya Pradesh marks a significant milestone for the company. It not only reinforces SRF's commitment to growth but also aligns with government initiatives to boost industrial development and employment generation. As the project unfolds, it will be interesting to observe its impact on SRF's market position and the local economy of Madhya Pradesh.

SRF Limited , a leading multi-business chemicals conglomerate, has announced significant changes in its leadership and reported its financial results for the second quarter of fiscal year 2026. The company's Chief Financial Officer (CFO) is set to step down, marking a transition in its financial leadership.

Q2 FY26 Financial Highlights

SRF Limited reported a substantial year-over-year increase in its Q2 EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization):

Despite the significant growth, the Q2 EBITDA fell short of market expectations, which were pegged at ₹837.00 crore.

Segment-wise Performance

The company's financial results reveal a mixed performance across its business segments:

1. Chemicals Business:

   • Revenue increased by 23% year-over-year to ₹1,667.00 crore
   • Operating profit surged by 96% to ₹481.00 crore

2. Technical Textiles Business:

   • Revenue decreased by 11% to ₹474.00 crore
   • Operating profit declined by 41% to ₹42.00 crore

3. Performance Films & Foil Business:

   • Revenue marginally decreased to ₹1,408.00 crore
   • Operating profit increased by 44% to ₹119.00 crore

Strategic Developments

SRF Limited has entered into a strategic collaboration with The Chemours Company for the manufacturing, supply, and distribution of certain fluoropolymers and fluoroelastomers. This partnership is expected to contribute to the company's future growth, particularly in the Chemicals Business segment.

Leadership Change

The company announced that Rahul Jain, President and Chief Financial Officer, will be stepping down from his role on December 12, 2025. During his tenure, Jain played a crucial role in strengthening SRF's financial structure and ensuring high standards of governance and compliance. The company is currently in the process of identifying a successor to ensure a smooth transition.

Capital Expenditure Update

In line with its strategic collaboration and project scope revisions, SRF's Board has approved an increase in previously sanctioned capital expenditure from ₹595.00 crore to ₹745.00 crore. The project is expected to be completed in phases, with the final stage scheduled for completion by December 2026.

Market Challenges

The Technical Textiles Business faced significant headwinds due to aggressive import pricing of Nylon Tyre Cord Fabrics and Belting Fabrics from China, as well as low demand for Polyester Industrial Yarn. These factors contributed to the segment's decreased revenue and operating profit.

SRF Limited continues to navigate a complex global environment while maintaining its focus on strategic growth initiatives and operational efficiency. The company's diverse business portfolio and strategic partnerships position it to address market challenges and capitalize on emerging opportunities in the chemical and industrial intermediates sector.