SRF quarterly results and financials

SRF (SRF)₹2,460−0.42%(9 Nov 2026 close)Commodity Chemicals

Key facts

In the Sep 2026 quarter (consolidated), SRF reported sales of ₹4,918 Cr, up 34.8% from Sep 2025, and net profit of ₹507 Cr, up 31.3% year on year. For the year to Mar 2026, sales were ₹15,833 Cr and net profit ₹1,830 Cr.

Sales (Sep 2026): ₹4,918 Cr
Net profit (Sep 2026): ₹507 Cr
Sales (FY Mar 2026): ₹15,833 Cr
Net profit (FY Mar 2026): ₹1,830 Cr
EPS (Sep 2026): ₹17.24
Borrowings (Mar 2026): ₹5,088 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

SRF quarterly results

₹ crore unless stated; each column is a quarter.

SRF Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	3,061	3,583	3,472	3,435	3,500	4,325	3,830	3,648	3,721	4,628	5,044	4,918
Expenses	2,488	2,875	2,864	2,889	2,872	3,356	2,990	2,867	2,936	3,592	3,800	3,958
Operating Profit	564	695	601	537	619	954	828	772	779	1,023	1,233	944
OPM %	19.0%	19.0%	17.0%	16.0%	18.0%	22.0%	22.0%	21.0%	21.0%	22.0%	25.0%	19.0%
Other Income	19.01	22.99	25.01	33.01	40.01	34.02	28.99	26.01	−46.03	13.01	33.98	24.99
Interest	67.12	90.20	97.30	94.21	96.22	89.21	80.23	71.17	66.14	62.18	69.21	71.24
Depreciation	169	186	188	194	194	195	203	212	217	220	223	229
Profit before tax	349	445	345	285	370	708	577	518	453	758	981	672
Tax %	27.0%	5.0%	27.0%	29.0%	26.1%	26.0%	25.0%	25.0%	4.0%	23.1%	22.1%	24.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−70.08	−9.02	0.00	0.00
Net Profit	252	420	251	200	270	525	431	387	431	580	757	507
EPS (Rs)	8.57	14.27	8.54	6.80	9.16	17.79	14.61	13.14	14.63	19.67	25.67	17.24

SRF profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

SRF Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	4,608	4,837	5,609	7,122	7,232	8,424	12,479	14,919	13,187	14,733	15,833	18,312
Expenses	3,634	3,856	4,686	5,805	5,758	6,266	9,332	11,343	10,559	11,974	12,387	14,286
Operating Profit	961	966	904	1,293	1,451	2,128	3,096	3,520	2,579	2,710	3,400	3,979
OPM %	21.0%	20.0%	16.0%	18.0%	20.0%	25.0%	25.0%	24.0%	20.0%	18.0%	22.0%	21.7%
Other Income	28.02	73.03	115	77.99	152	66.03	116	74.96	82.99	133	22.01	25.95
Interest	130	102	124	199	201	134	116	205	303	377	279	269
Depreciation	275	283	316	358	389	454	518	576	673	772	853	890
Profit before tax	586	659	583	821	1,021	1,617	2,592	2,834	1,698	1,707	2,306	2,866
Tax %	27.0%	22.0%	21.1%	22.0%	0.0%	26.1%	27.1%	23.1%	21.0%	27.0%	20.1%	—
Exceptional items	2.01	0.00	0.00	0.00	12.01	0.00	2.01	4.01	3.01	1.01	−68.16	−79.10
Net Profit	429	513	460	640	1,015	1,194	1,882	2,154	1,330	1,248	1,830	2,276
EPS (Rs)	15.00	17.97	16.11	22.37	35.58	40.53	63.90	73.13	45.15	42.28	62.04	77.21
Dividend payout %	14.1%	14.1%	15.1%	11.1%	8.0%	12.0%	26.1%	10.1%	16.1%	17.1%	15.1%	—

SRF balance sheet

₹ crore, at each year end.

SRF Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	58.16	58.17	58.12	58.13	58.11	58.11	60.10	298	297	298	298	298
Reserves	2,245	2,713	3,132	3,516	4,083	4,889	6,813	8,294	10,053	11,212	12,358	13,783
Borrowings	2,440	2,521	2,401	3,149	3,735	4,142	3,472	3,663	4,482	5,040	4,733	5,088
Other Liabilities	1,158	1,152	1,396	1,665	2,038	1,804	2,598	3,561	3,950	3,964	4,189	4,995
Total Liabilities	5,901	6,444	6,988	8,389	9,914	10,892	12,944	15,817	18,783	20,512	21,578	24,164
Fixed Assets	3,934	4,127	4,418	5,137	5,622	6,383	7,848	8,455	10,074	13,277	13,759	13,962
CWIP	104	117	260	561	756	1,398	774	1,678	2,413	808	814	1,895
Investments	93.88	165	196	122	101	203	416	320	493	526	825	686
Other Assets	1,767	2,034	2,116	2,569	3,435	2,910	3,905	5,365	5,803	5,902	6,180	7,620
Inventories	762	669	835	955	1,220	1,198	1,461	2,131	2,266	2,319	2,342	2,777
Trade receivables	610	514	657	680	1,028	890	1,274	1,789	1,784	1,940	2,168	2,559
Cash & equivalents	107	390	96.14	97.27	199	125	283	460	618	409	355	612
Total Assets	5,901	6,444	6,988	8,389	9,914	10,892	12,944	15,817	18,783	20,512	21,578	24,164

SRF cash flow

₹ crore, for each year.

SRF Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	542	1,091	645	679	896	1,304	1,772	2,106	2,903	2,095	2,487	2,555
Cash from investing activity	−502	−669	−615	−1,179	−1,043	−1,184	−1,505	−1,591	−2,973	−2,239	−1,488	−1,594
Cash from financing activity	−17.99	−182	−284	494	246	−199	−251	−207	220	−71.90	−1,070	−708
Net cash flow	24.01	241	−252	−0.99	103	−73.02	21.99	312	158	−209	−64.95	256
Capex	510	587	673	1,297	1,054	1,387	1,212	1,827	2,861	2,211	1,228	1,810
Free cash flow	57.74	509	4.98	−603	−156	−68.78	565	288	49.84	−108	1,260	744
CFO / OP %	87.0%	124.9%	78.9%	88.0%	81.0%	99.0%	95.0%	81.0%	97.0%	96.0%	104.0%	90.0%

SRF ratios

Working-capital days and returns, by year.

SRF Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	49	41	50	44	53	45	55	53	44	54	54	59
Inventory days	109	104	125	114	112	118	132	128	111	126	110	130
Days payable	83	112	122	126	127	110	144	126	110	120	111	121
Cash conversion cycle	75	34	54	34	38	54	45	55	46	61	55	69
Working capital days	11	2	−14	−20	−16	−36	−13	2	−5	−17	−8	−11
ROCE %	11.0%	14.0%	14.0%	11.0%	14.0%	14.0%	18.0%	24.0%	22.0%	13.0%	12.0%	15.0%

SRF: frequently asked questions

What are the latest quarterly results of SRF?

For the Sep 2026 quarter, SRF reported sales of ₹4,918 Cr, up 34.8% year on year and net profit of ₹507 Cr, up 31.3% year on year. The operating margin was 19.0%.

What is the annual revenue of SRF?

SRF's sales for the year to Mar 2026 were ₹15,833 Cr; over the last twelve months they were ₹18,312 Cr.

What is the net profit of SRF?

Net profit for the year to Mar 2026 was ₹1,830 Cr, and ₹2,276 Cr over the last twelve months. Earnings per share over the same trailing period were ₹77.21.

How much debt does SRF have?

SRF reported borrowings of ₹5,088 Cr at Mar 2026, against cash and equivalents of ₹612 Cr.

What is the free cash flow of SRF?

Cash from operations was ₹2,555 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹744 Cr.

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