SRF Limited — PPTs, 30-01-2025: Investor Presentation

**Financial Highlights**: For Q3 FY25, SRF reported a gross operating revenue of ₹3,491.3 cr., a 14.4% increase year-on-year. EBITDA rose 15.1% to ₹693.4 cr., with margins slightly improving to 19.9%. Profit After Tax (PAT) increased by 7.0% to ₹271.1 cr., resulting in a margin of 7.8%. For the first nine months, revenues reached ₹10,379.7 cr., up 8.5%, although PAT decreased 20.7% to ₹724.7 cr.

**Strategic Initiatives and Growth Drivers**: The company continues to enhance its specialty chemicals segment through R&D and product development, achieving record quarterly sales for several products. Additionally, the ramp-up of new facilities is expected to drive future growth, particularly in the specialty chemicals sector.

**Business Developments**: SRF’s chemicals segment saw a 7.3% rise in revenues, benefiting from improved demand in agro-chemicals and ongoing innovation. The packaging films business recorded a significant 27.0% revenue growth, supported by strong sales of high-impact films, particularly BOPET.

**Market Position and Competitive Advantage**: SRF retains a leading position in the domestic market across key segments, leveraging a strong foreign distribution network and robust R&D capabilities. The company is also focusing on sustainability, which is increasingly vital in the chemicals industry.

**Investor Implications**: Investors should view SRF favorably, particularly given the growth momentum across its segments and consistent innovation efforts, reflecting a positive outlook in the face of market challenges. Continuous enhancements in operational efficiencies also position the company well for future profitability.