SRF Registers 28% Growth In H1 Revenue

SRF Limited, a multi-business entity engaged in the manufacture of chemical based industrial intermediates, posted a net profit after tax (PAT) of Rs. 107 crore for the quarter ended September 2011. Impacted by rupee depreciation, the company’s PAT de

clined by Rs. 14 crore during the quarter over the corresponding period last year (CPLY), registering 12% reduction.

The Exchange Currency Fluctuation alone had a negative impact of Rs. 34 crore to the company during the quarter. During the same period, SRF’s Profit before Interest, Exchange Currency Fluctuations and Tax improved by 22%, from Rs. 177 crore to Rs. 217 crore.

SRF’s revenue increased from Rs. 748 crore to Rs. 914 crore, recording a growth of 22% during the quarter. The unaudited financial results of SRF were taken on record by SRF’s Board in a meeting. The Board also approved an interim dividend at the rate of 70% amounting to Rs. 7 per share.

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