SRF Ltd., a chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit declined 3.3% to Rs 382.45 crores ($50.9 million) for the period ended September 30, 2021 as against net profit of Rs 395.28 crores ($52.6 million) for the previous quarter.
Net sales increased 5.1% to Rs 2850.09 crores ($379.2 million) during the period ended September 30, 2021 as compared to Rs 2713.18 crores ($361 million) during the previous quarter.
Q2 Results- YoY
The company’s net profit grew 21.3% to Rs 382.45 crores ($50.9 million) for the period ended September 30, 2021 as against net profit of Rs 315.2 crores ($41.9 million) for the prior-year quarter.
Net sales increased 35.1% to Rs 2850.09 crores ($379.2 million) during the period ended September 30, 2021 as com-pared to Rs 2110.58 crores ($280.8 million) during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit grew 58% to Rs 777.73 crores ($103.5 million) for the 6 months period ended September 30, 2021 as against net profit of Rs 492.29 crores ($65.5 million) for the prior-year 6 months period.
Net sales increased 52% to Rs 5563.27 crores ($740.2 million) during the 6 months period ended Septem-ber 30, 2021 as compared to Rs 3665.83 crores ($487.7 million) during the prior-year 6 months period.
Managing Director, Ashish Bharat Ram said, “This has been another good quarter for the company. Although we have witnessed an increase in prices of key raw materials and logistics costs due to many domestic and international factors, and despite various challenges linked to COVID-19 and supply chain disruptions, we were able to deliver good numbers.”