SRF Ltd Reports 53.8% Net Profit Growth in Q1 FY23

SRF Limited., a chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022.

Q1 Results- QoQ

The company reported 0.4% growth in net profit of Rs 6.08 billion for the period ended June 30, 2022 as against net profit of Rs 6.05 billion for the previous quarter.

Net sales increased 9.8% to Rs 39.04 billion during the period ended June 30, 2022 as com-pared to Rs 35.56 billion during the previous quarter.

Q1 Results- YoY

The company reported 53.8% growth in net profit of Rs 6.08 billion for the period ended June 30, 2022 as against net profit of Rs 3.95 billion for the prior-year quarter.

Net sales increased 43.9% to Rs 39.04 billion during the period ended June 30, 2022 as com-pared to Rs 27.13 billion during the prior-year quarter.

SRF Limited is an Indian chemical company and is engaged in the manufacture and sale of fluorochemicals, specialty chemicals, packaging films, technical textiles, coated and laminated fabrics.