On Thursday SRF Limited has been gaining attention. On January 9, 2025, SRF share price (NSE: SRF) opened at ₹2,500.00, up from its previous close of ₹2,350.95. At 11:26 AM, the share price of SRF was trading at ₹2,679.10, up by 13.96% on the NSE. As of the same time, the stock price touched its day’s high so far at ₹2,680.00.
This surge was followed by news reports about a sharp rise in global refrigerant gas prices. The rally follows warnings from a major U.S. distributor with significant quotas, which highlighted severe supply constraints for key refrigerant gases, R32 and R125. These shortages are creating challenges for the HVAC (Heating, Ventilation, and Air Conditioning) industry, which relies heavily on these gases for its operations.
The company’s consolidated revenue grew by 8%, from ₹3,177 crore to ₹3,424 crore in Q2 FY25 compared to the corresponding period last year. However, its Earnings Before Interest and Tax (EBIT) fell by 22%, from ₹533 crore to ₹417 crore in Q2 FY25 when compared to CPLY. The Profit After Tax (PAT) also declined by 33%, from ₹301 crore to ₹201 crore in Q2 FY25 compared to the corresponding period last year.
SRF Limited launched its first plant in 1974 and since then the company has grown into a manufacturing leader with diverse business segments. With an annual turnover of ₹12,910 crore (US$ 1.6 billion), SRF’s expansive portfolio includes Fluorochemicals, Specialty Chemicals, Packaging Films, Technical Textiles, and Coated and Laminated Fabrics.
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Published on: Jan 9, 2025, 1:11 PM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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