SRF Q2 FY27 consolidated revenue Rs 4,904.20 cr; PAT Rs 509.12 cr
SRF Ltd’s consolidated Q2 FY27 results show revenue from operations of Rs 4,904.20 cr and net profit of Rs 509.12 cr versus Rs 3,640.19 cr and Rs 388.18 cr a year earlier.
Key takeaways
- Revenue from operations Rs 4,904.20 cr vs Rs 3,640.19 cr in Q2 FY26.
- Total income Rs 4,929.14 cr vs Rs 3,665.90 cr a year earlier.
- Total expenses Rs 4,258.10 cr vs Rs 3,148.85 cr in the prior year quarter.
- PAT Rs 509.12 cr vs Rs 388.18 cr in the corresponding quarter.
- Basic and diluted EPS 17.18 vs 13.10 a year earlier, not annualised.
Q2 FY27 · consolidated
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | Rs 4,904.20 cr | Rs 3,640.19 cr | +34.8% |
| PAT | Rs 509.12 cr | Rs 388.18 cr | +31.1% |
As reported in the filing. Figures are transcribed, not computed.
What the numbers show
- Net margin was 10.38% of revenue, down 28 bps from 10.66%.
• Revenue from operations (consolidated, Q2 FY27): Rs 4,904.20 cr (Q2 FY26: Rs 3,640.19 cr)
• Total income (consolidated, Q2 FY27): Rs 4,929.14 cr (Q2 FY26: Rs 3,665.90 cr)
• Total expenses (consolidated, Q2 FY27): Rs 4,258.10 cr (Q2 FY26: Rs 3,148.85 cr)
• Cost of materials consumed (Q2 FY27): Rs 2,623.04 cr (Q2 FY26: Rs 1,925.09 cr)
• Purchases of stock-in-trade (Q2 FY27): Rs 99.72 cr (Q2 FY26: Rs 96.02 cr)
• Changes in inventories of finished goods, work-in-progress and stock in trade (Q2 FY27): Rs (122.90) cr (Q2 FY26: Rs (252.12) cr)
• Employee benefits expense (Q2 FY27): Rs 315.72 cr (Q2 FY26: Rs 277.14 cr)
• Finance costs (Q2 FY27): Rs 70.94 cr (Q2 FY26: Rs 70.68 cr)
• Depreciation and amortisation expense (Q2 FY27): Rs 228.84 cr (Q2 FY26: Rs 212.13 cr)
• Power and fuel (Q2 FY27): Rs 404.68 cr (Q2 FY26: Rs 342.06 cr)
• Exchange currency fluctuation (gain)/ loss (Q2 FY27): Rs 63.13 cr (Q2 FY26: Rs 30.63 cr)
• Other expenses (Q2 FY27): Rs 574.93 cr (Q2 FY26: Rs 447.22 cr)
• Profit before exceptional items and tax (Q2 FY27): Rs 671.04 cr (Q2 FY26: Rs 517.05 cr)
• Exceptional item – One time Impact of New Labour Codes (Q2 FY27): Rs . (Q2 FY26: Rs .)
• Profit before tax (Q2 FY27): Rs 671.04 cr (Q2 FY26: Rs 517.05 cr)
• Current tax expense (Q2 FY27): Rs 134.40 cr (Q2 FY26: Rs 113.13 cr)
• Current tax adjustment related to earlier years (Q2 FY27): Rs . (Q2 FY26: Rs .)
• Deferred tax expense (Q2 FY27): Rs 27.52 cr (Q2 FY26: Rs 15.74 cr)
• Net Profit after tax (PAT) for the period (Q2 FY27): Rs 509.12 cr (Q2 FY26: Rs 388.18 cr)
• Basic EPS (not annualised, Q2 FY27): 17.18 (Q2 FY26: 13.10)
• Diluted EPS (not annualised, Q2 FY27): 17.18 (Q2 FY26: 13.10)
According to the statement of consolidated unaudited financial results for the quarter and half year ended September 30, 2026, SRF Ltd reported consolidated revenue from operations of Rs 4,904.20 cr for the quarter ended 30-Sep-26, compared with Rs 3,640.19 cr in the corresponding quarter ended 30-Sep-25. Total income for the quarter was Rs 4,929.14 cr versus Rs 3,665.90 cr a year earlier.
On the cost side, cost of materials consumed increased to Rs 2,623.04 cr from Rs 1,925.09 cr in the year-ago quarter. Purchases of stock-in-trade were Rs 99.72 cr compared with Rs 96.02 cr. Changes in inventories of finished goods, work-in-progress and stock in trade stood at Rs (122.90) cr versus Rs (252.12) cr. Employee benefits expense rose to Rs 315.72 cr from Rs 277.14 cr, while finance costs were Rs 70.94 cr against Rs 70.68 cr. Depreciation and amortisation expense was Rs 228.84 cr compared with Rs 212.13 cr.
Power and fuel expenses for the quarter were Rs 404.68 cr, up from Rs 342.06 cr in the same quarter last year. Exchange currency fluctuation (gain)/ loss was reported at Rs 63.13 cr versus Rs 30.63 cr. Other expenses increased to Rs 574.93 cr from Rs 447.22 cr. Total expenses for the quarter were Rs 4,258.10 cr, compared with Rs 3,148.85 cr in the corresponding prior period.
Profit before exceptional items and tax for the quarter ended 30-Sep-26 was Rs 671.04 cr, against Rs 517.05 cr a year earlier. There was no exceptional item related to the one time impact of New Labour Codes in the current or corresponding quarter in this table. Profit before tax was Rs 671.04 cr versus Rs 517.05 cr in the year-ago quarter.
After accounting for a current tax expense of Rs 134.40 cr (Q2 FY26: Rs 113.13 cr) and deferred tax expense of Rs 27.52 cr (Q2 FY26: Rs 15.74 cr), net profit after tax for the period stood at Rs 509.12 cr, compared with Rs 388.18 cr in the corresponding quarter. Basic and diluted earnings per share (not annualised) were 17.18, up from 13.10 in the same quarter last year, as per the statement of financial results.
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