ANI
04 Jun 2020, 18:33 GMT+10
Gurugram (Haryana) [India], June 4 (ANI): SRF Ltd on Thursday reported a profit after tax of Rs 194 crore in the January to March quarter, up 8 per cent from Rs 179 crore in the corresponding period of the previous financial year.
The consolidated revenue decreased by 4 per cent to Rs 1,858 crore from Rs 1,937 crore while earnings before interest and tax (EBIT) increased by 2 per cent from Rs 325 crore in Q4 FY19 to Rs 332 crore in Q4 FY20.
"The demand for speciality chemicals has been robust and the business has contributed as per expectations," said Managing Director Ashish Bharat Ram.
"The packaging films business has also done well and continues to increase its footprint across the globe. All the business segments were adversely affected due to the lockdown announced by the government in March 2020," he said in a statement.
In FY20, SRF's revenue increased by 2 per cent from Rs 7,100 crore to Rs 7,209 year-on-year. The EBIT increased by 16 per cent from Rs 1,079 crore to Rs 1,250 crore and profit after tax increased by 55 per cent from Rs 592 crore to Rs 916 crore.
As of March 31, the company has applied for 205 patents. The company's diversified business portfolio covers fluorochemicals, speciality chemicals, packaging films, technical textiles, coated and laminated fabrics.
(ANI)Get a daily dose of Barbados Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Barbados Bulletin.
More InformationNEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
New Delhi [India], July 11 (ANI): Indian stock markets opened under pressure on Friday as continued tariff tensions led by US President...
Washington DC [US], July 11 (ANI): The response to the April 22 Pahalgam attack reflects a significant shift in India's counterterrorism...
The United States is sending weapons to Ukraine through NATO, US President Donald Trump said on July 10, a week after the Pentagon...
Tel Aviv [Israel], July 11 (ANI/TPS): Israeli Prime Minister Benjamin Netanyahu spoke Thursday afternoon with the head of the Gush...
By Reena Bhardwaj Washington, DC [[US], July 11 (ANI): US President Donald Trump on Thursday (local time) announced that the US will...
New Delhi [India], July 11 (ANI): Ahead of his 100th Test of his career, Australian pacer Mitchell Starc said it's quite funny that...
Representatives of women's organizations and networks that were part of the first delegation of gender experts at the talks in Havana...
New Delhi [India], July 11 (ANI): South African all-rounder Wiaan Mulder has revealed that legendary West Indies batter Brian Lara...
Kingston [Jamaica], July 10 (ANI): As Mitchell Starc gears up to become just the second Australian fast bowler after Glenn McGrath...
Kingston [Jamaica], July 10 (ANI): Australian batting coach Michael Di Venuto has brushed off Stuart Broad's recent criticism of Australia's...
Chandigarh (Punjab) [India], July 10 (ANI): Punjab Chief Minister Bhagwant Mann on Thursday welcomed Prime Minister Narendra Modi's...