Home / Knowledge / News / Textiles / Sales & profits slide at SRF in Q3FY'13
Sales & profits slide at SRF in Q3FY'13
Feb '13
SRF Limited reported Q3 results fiscal year 2013
-Q3 revenue at Rs. 889 crore, a fall of 6% year-on-year
-Q3 PAT, a reduction of Rs. 21 crore year-on-year
-Exchange Currency Fluctuation loss of Rs. 20 crore during Q3
-Board approved second interim dividend of Rs. 5 per share
SRF Limited, a multi-business entity engaged in the manufacture of chemical based industrial intermediates, maintained the upward trend in quarterly profits during the year with a net profit after tax (PAT) of Rs. 89 crore for the third quarter of 2012-13, a 19 per cent increase over the previous quarter’s figure of  Rs.  75 crore. Sequentially, the second quarter’s PAT was itself higher by 240 per cent over the Q1 PAT of Rs. 22 crore. 
In spite of the continuing economic slowdown, SRF’s revenue declined marginally by 6 per cent, from Rs. 949 crore during October-December 2012 to Rs. 889 crore recorded during the corresponding period last year (CPLY). The profitability of the company too reflected the economic conditions on year-on-year basis with its PAT reducing from Rs. 111 crore to Rs. 89 crore, a decline of 19 per cent during the same period.  
The Board also approved second interim dividend in the current financial year at the rate of 50% amounting to Rs. 5 per share. Earlier in November 2012, the board had approved the first interim dividend at the same rate of Rs. 5 per share.  
Reflecting on the financial performance of the company, Mr. Ashish Bharat Ram, Managing Director, SRF Limited, commented: “The business environment both domestically and globally is extremely weak. The demand sentiment remains a major concern area.”
Helped by the stabilisation of Laminated Fabric plant and better realisation from Tyre Cord Fabrics, the segment revenue of the Technical Textiles Business declined by 7 per cent, from Rs. 427 crore to Rs. 397 crore even as its operating profit grew by 31 per cent from Rs. 19 crore to Rs. 26 crore during the quarter ended December 2012 over CPLY.
While the segment revenue of the Chemicals & Polymers Business declined by 5 per cent to Rs. 352 crore, its operating profit reduced by 29 per cent from Rs. 219 crore to Rs.  156 crore during the same period.  The revenue from the Packaging Films Businesses declined by 10 per cent from Rs. 157 crore to Rs. 141 crore and its operating loss increased from Rs. 4 crore to Rs. 5 crore during Q3 of 2012-13 over CPLY. 

Must ReadView All

Textiles | On 26th Apr 2017

Kering's consolidated revenue growth rises 31.2% in Q1

The consolidated revenue growth for luxury group Kering for the first ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search