SRF Q2 Net Profit Surges 31% To Rs 509 Crore, Company Approves Rs 600 Crore Investment For New Battery Foil Manufacturing Plant

SRF Limited reported a substantial surge in its net profit for Q2 FY27, increasing by 31% to ₹509 crore, compared to ₹388 crore in the same period last year. The company's revenue also saw a significant rise of 35% to ₹4,904 crore, up from ₹3,640 crore. Operating earnings before interest and tax (EBIT) grew by 26% to ₹816 crore, while revenue for the first half of FY27 increased by 33% to ₹9,937 crore.

Chairman and Managing Director Ashish Bharat Ram attributed this strong performance to the business's ability to deliver robust results despite a volatile global environment. In a bid to expand its manufacturing capabilities, SRF has approved an investment of approximately ₹600 crore to establish a new battery-grade aluminium foil manufacturing facility in India.

This facility will have a capacity of 12,000 metric tons per annum and will cater to lithium-ion and sodium-ion battery applications. The investment is planned in two phases, with Phase I scheduled for completion by September 2028, followed by Phase II by September 2030. The company's profitability across various segments has also witnessed a notable uptick, with the Chemicals Business registering a 25% revenue increase to ₹2,079 crore and its operating profit rising by 10% to ₹528 crore.

The Performance Films & Foil Business saw a 51% revenue rise to ₹2,122 crore, with its operating profit climbing by 73% to ₹206 crore. Meanwhile, the Technical Textiles Business reported a 25% revenue growth to ₹595 crore, and its operating profit increased by 71% to ₹72 crore. Other Businesses also experienced an 18% increase in segment revenue to ₹107 crore, while operating profit expanded by 29% to ₹10 crore.