{
  "id": 15875384,
  "title": "SRF Q2 Net Profit Surges 31% To Rs 509 Crore, Company Approves Rs 600 Crore Investment For New Battery Foil Manufacturing Plant",
  "url": "https://urgent.news/2026/10/21/srf-q2-net-profit-surges-31-to-rs-509-crore-company-approves-rs-600",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T09:55:48.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/srf-q2-net-profit-surges-31-to-rs-509-crore-company-approves-rs-600-crore-investment-for-new-battery-foil-manufacturing-plant"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Mumbai: SRF Limited on October 21, 2026, announced its consolidated net profit increased 31% to ₹509 crore for the second quarter of financial year 2027, compared to ₹388 crore in the corresponding period last year. Consolidated revenue for the quarter rose 35% to ₹4,904 crore from ₹3,640 crore. Operational Earnings The company's operational earnings before interest and tax (EBIT) grew 26% to…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}