Moneycontrol
Last Updated : May 18, 2018 11:45 AM IST | Source: PTI

SRF Q4 profit down 4% at Rs 124 cr

Total income rose to Rs 1,625.30 crore in the fourth quarter from Rs 1,442.37 crore in the corresponding period of the previous year.

 
 
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Chemicals firm SRF Ltd has reported a 4 percent decline in its consolidated net profit at Rs 124 crore for the quarter ended March. Its net profit stood at Rs 129 crore in the year-ago period, the company said in a statement.

Total income rose to Rs 1,625.30 crore in the fourth quarter from Rs 1,442.37 crore in the corresponding period of the previous year.

For the full last financial year, SRF's net profit fell by 10 percent to Rs 462 crore from Rs 515 crore in 2016-17.

Total income increased to Rs 5,753.67 crore in the 2017-18 fiscal from Rs 5,182.05 crore in the previous year.

SRF's Managing Director Ashish Bharat Ram said: "While this has been a reasonably good quarter on the operations front, the recovery in the agrochemicals sector is taking longer than expected. We expect things to start looking up only towards the end of this calendar year."

SRF Ltd is a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates. The company's diversified business portfolio covers technical textiles, fluorochemicals, specialty chemicals, packaging films and engineering plastics. The company has 12 manufacturing plants in India, two in Thailand and one in South Africa.
First Published on May 18, 2018 11:42 am
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