Up to date: Jul 30, 2020 16:28 IST
Gurugram (Haryana) [India], July 30 (ANI): SRF Ltd on Thursday reported 1 per cent improve in its earnings before interest and tax (EBIT) at Rs 295 crore in Q1 FY21 as in comparison with Rs 291 crore within the corresponding interval of earlier fiscal.
The profit after tax additionally rose by 1 per cent from Rs 175 crore to Rs 177 crore however consolidated revenue dipped by 12 per cent from Rs 1,763 crore to Rs 1,545 crore.
The chemical substances enterprise reported a rise of 17 per cent in income from Rs 603 crore to Rs 705 crore throughout Q1 FY21.
However the packaging movies enterprise reported a decline of three per cent in income from Rs 702 crore to Rs 677 crore.
The technical textiles enterprise reported a plunge of 63 per cent in income from Rs 382 crore in Q1 FY20 to Rs 140 crore in Q1 FY21. Different companies income additionally dipped by 69 per cent from Rs 77 crore to Rs 24 crore.
Managing Director Ashish Bharat Ram stated each enterprise needed to cope with distinctive challenges through the Covid-19 disaster however discovered methods of delivering outcomes. “I stay cautiously optimistic of a wholesome efficiency going ahead.”
The board of administrators declared an interim dividend on the price of fifty per cent amounting to Rs 5 per share.
The board additionally accredited organising of a further facility to supply one lakh tonnes of chloromethanes per 12 months at Dahej in Gujarat at a projected value of Rs 315 crore.
Earlier, the corporate was organising an built-in facility for polytetrafluoroethylene (PTFE) at a value of Rs 424 crore which has been delayed as a consequence of a difficult international financial atmosphere.
SRF’s diversified enterprise portfolio covers fluorochemicals, specialty chemical substances, packaging movies, technical textiles, coated and laminated materials.