Q3 2026 SRF Ltd Earnings Call Transcript
Key Points
- SRF Ltd (BOM:503806) reported a 6% increase in gross operating revenue to INR3,713 crores for Q3 FY26.
- The Chemicals business saw a 22% revenue growth, driven by higher refrigerant volumes and operational efficiencies.
- The company is making significant progress in its AI development journey and has a robust pipeline for new agrochemical molecules.
- SRF Ltd (BOM:503806) is expanding its Pharma segment with a new plant, indicating positive traction and growth potential.
- The Fluorochemicals business delivered a record quarter, with strong performance in the Refrigerant Gas segment despite seasonal challenges.
- The company faces persistent pricing pressure from Chinese competitors, affecting its core product categories.
- There is continued deferment and offtake for certain key products by agro-majors, impacting the Specialty Chemicals business.
- The Performance Films & Foil business reported a 3% decline in revenue year on year due to lower volumes in the domestic market.
- The Technical Textiles business experienced pressure from aggressive Chinese pricing and reduced demand.
- Forward positions on rupee-dollar hedges negatively impacted financials due to rupee depreciation.
Ladies and gentlemen, good day and welcome to the SRF Limited Q3 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Ankur Periwal from Axis Capital. Thank you, and over to you, sir.
Yeah. Thanks, Steve, and good afternoon, everyone, for joining in SRF's Q3 and nine-month FY26 post-result earnings call. The management team will be represented by Mr. Ashish Bharat Ram, Chairman and Managing Director. The call will start with a brief management discussion on the earnings performance. followed by an interactive Q&A session. I'll hand over the floor to Nitika for her initial comments, post which we can start the call in the Q&A.
Over to you, Nitika. Thank you.
Good evening, everyone, and welcome to SRF Limited's quarter three and nine months' financial year 2026 results conference call. Joining us today
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