Q2 2026 SRF Ltd Earnings Call Transcript
Key Points
- SRF Ltd (BOM:503806) reported a 6% increase in gross operating revenue to INR3,640 crore and a 56% rise in EBIT year-on-year, reflecting strong financial performance.
- The Chemicals business saw a 23% growth, driven by higher volumes for refrigerants and positive trends in realizations.
- The Specialty Chemicals segment benefited from higher volumes, a favorable product mix, and continued cost optimization, leading to improved performance.
- SRF Ltd's strategic collaboration with Chemours for fluoropolymers and fluoroelastomers is expected to leverage manufacturing expertise and global technology leadership.
- The company maintained its leadership position in the domestic market for room air conditioning and mobile air conditioner segments, demonstrating strong market presence.
- The Technical Textiles business faced challenges due to aggressive import pricing from China, impacting margins.
- There was a noted sequential softness in refrigerant sales volumes in the domestic market due to seasonality and a weaker RAC market.
- The Performance Films and Foil business reported flat revenue year-on-year, with lower volumes and realizations for BOPET.
- The weakening of INR against USD and euro negatively impacted the overall Q2 results.
- Demand deferment in the Specialty Chemicals segment was observed, affecting growth expectations.
Ladies and gentlemen, good day, and welcome to SRF Limited Q2 FY26 conference call hosted by Nuvama Wealth Management Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Archit Joshi. Thank you, and over to you, sir.
Thank you. Good afternoon, everyone, and thank you for joining us today. We, at Nuvama Institutional Equities, are pleased to host SRF Limited's Q2 and H1 FY26 results conference call. We have with us today, Mr. Rahul Jain, President and CFO of SRF Limited.
I would now like to invite Ms. Nitika Dhawan, Head of Corporate Communications at SRF Limited, to initiate proceedings for the results con call. Over to you, ma'am, and thank you.
Good afternoon, everyone, and thank you for joining us on SRF Limited's quarter two and first half FY26 results conference call. We will begin this call with brief opening
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