SRF Limited , a multi-business chemicals conglomerate, has released its financial results for the second quarter, showing mixed performance against market expectations.

Revenue Growth

SRF reported a revenue of ₹3,640.00 crore for Q2, representing a year-over-year increase of 6.4% from ₹3,420.00 crore in the same period last year. However, this figure fell short of the market's estimated revenue of ₹3,852.00 crore.

Profit Surge

Despite the revenue miss, SRF's bottom line showed significant improvement:

The company's consolidated net profit nearly doubled, reaching ₹390.00 crore compared to ₹200.00 crore in the same quarter of the previous year. This represents a substantial 95% increase year-over-year.

Market Expectations

While the profit growth is impressive, it's worth noting that SRF's financial performance didn't fully meet market expectations:

The company's net profit, despite its significant year-over-year growth, fell short of the estimated ₹454.00 crore by about 14.1%.

Conclusion

SRF's Q2 results present a mixed picture. While the company has shown strong profit growth and moderate revenue increase compared to the previous year, it has not met the market's higher expectations. This performance suggests that while SRF is improving its profitability, it may be facing challenges in achieving the growth rates anticipated by market analysts.

Investors and analysts will likely be keen to understand the factors behind the revenue shortfall and the drivers of the improved profitability in SRF's upcoming investor communications.

SRF Limited , a diversified chemical company, has been hit with an anti-dumping duty order and associated penalties totaling Rs. 4.20 crore. The order, issued by the Commissioner of Customs, Chennai-II, relates to the import of Adhesive Activated High Tenacity Polyester Yarn of 900D.

Details of the Order

The order breaks down as follows:

Dispute Over Classification

The crux of the issue lies in the classification of the imported yarn:

• SRF's Position: The company imported the yarn with nil anti-dumping duty, classifying it under 'Yarns having denier below 1000'.
• Customs Authority's Stance: The authority rejected this assessment, imposing differential duty along with applicable interest and penalties.

Company's Response

SRF Limited has taken a firm stance on the matter:

• Legal Position: Based on legal advice, the company's management considers the demand legally untenable.
• Next Steps: SRF plans to contest the order in appropriate legal forums.

Regulatory Disclosure

In compliance with SEBI regulations, SRF Limited has made a formal disclosure to the stock exchanges regarding this development. The disclosure, made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provides detailed information about the order and its potential impact.

Trading Window Closure

In a separate but related development, SRF Limited has also announced the closure of its trading window:

• Period: From October 1, 2025, until 48 hours after the declaration of Unaudited Financial Results for the Quarter and Half year ended September 30, 2025.
• Purpose: This is in line with the company's Code of Conduct and SEBI regulations to prevent insider trading.

The date for the Board Meeting to consider these financial results will be announced separately.

As this situation unfolds, stakeholders will be keenly watching how SRF Limited navigates these regulatory challenges and their potential impact on the company's financial position.