- SRF’s net income for the second quarter was 2.01 billion rupees, which is a 33% decrease compared to the previous year and missed the estimated 2.85 billion rupees.
- Revenue increased by 7.5% year-over-year to 34.2 billion rupees but fell short of the forecasted 34.83 billion rupees.
- The Technical Textiles segment generated revenue of 5.36 billion rupees, growing by 5.9% year-over-year with estimates close at 5.38 billion rupees.
- Revenue from the Chemicals sector declined by 4.9% to 13.6 billion rupees, failing to meet the estimated 14.64 billion rupees.
- Packaging Films revenue significantly increased by 27% to 14.2 billion rupees, surpassing the expected 13.03 billion rupees.
- The ‘Others’ category saw revenue decreasing by 15% to 1.1 billion rupees, missing the estimate of 1.24 billion rupees.
- Total costs rose 14% year-over-year to reach 31.7 billion rupees.
- Other income grew 14%, reaching 333.3 million rupees.
- SRF’s share price fell by 4.9% to 2,167 rupees, with 463,587 shares traded.
- Analyst recommendations include 14 buys, 10 holds, and 9 sells.
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A look at SRF Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SRF Ltd, a multi-business Indian multinational company, shows a balanced outlook for its long-term prospects as indicated by the Smartkarma Smart Scores. With solid scores of 3 across the board in Value, Dividend, Growth, Resilience, and Momentum, the company appears to be positioned for steady performance in the foreseeable future. SRF Ltd‘s diversified business portfolio, spanning technical textiles, chemicals, packaging films, and engineering plastics, contributes to its resilience and growth potential.
The Smart Scores suggest that SRF Ltd is maintaining a stable position in key areas, signaling a well-rounded performance trajectory. This consistent performance across different factors indicates that the company is likely to continue its growth and deliver value to investors. Overall, despite not scoring at the highest level on any single factor, SRF Ltd‘s balanced ratings across the board bode well for its future outlook and market positioning.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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