Latest News | SRF Q2 Profit Up 57 Pc at Rs 316 Cr

New Delhi, Nov 4 (PTI) Chemicals maker SRF on Wednesday said its consolidated net profit rose 57 per cent to Rs 316 crore for the quarter ended September.

Its net profit stood at Rs 201 crore in the year-ago period.

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"The consolidated revenue of the company increased 21 per cent from Rs 1,738 crore to Rs 2,101 crore in Q2FY21 when compared with corresponding period last year," SRF said in a statement.

SRF Managing Director Ashish Bharat Ram said, “We have had an outstanding quarter by all standards led by our packaging films and specialty chemicals businesses.

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“Going forward, the margins of the packaging films business will soften. Having said that, I am confident that the momentum in our other businesses will ensure that we have a good year.”

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)