SRF Share Price Records Sharpest Single-Day Rally; Refrigerants Capex More Than Doubles

On Wednesday, May 6, 2026, SRF share price has jumped nearly 8 per cent, marking its sharpest single day rally in over a year. The rally in the SRF share price has been accompanied by sharp surge in the volumes. On NSE, total traded volume has jumped over 32 lakh shares, which is highest since January last year.

Here’s Why SRF Share Price is Rallying on Wednesday

SRF Limited reported a 7 per cent year-on-year rise in consolidated revenue to Rs 4,615 crore for the quarter ended March 31, 2026, while profit grew at a faster pace amid improved operating performance across key segments.

Operational Earnings Before Interest and Tax (EBIT) increased 12 per cent to Rs 1,011 crore from Rs 906 crore a year earlier. Profit After Tax (PAT) rose 11 per cent to Rs 582 crore compared with Rs 526 crore in the corresponding quarter last year.

For the full year FY26, consolidated revenue increased 7 per cent to Rs 15,787 crore from Rs 14,693 crore. Operational EBIT climbed 29 per cent to Rs 3,008 crore from Rs 2,336 crore, while PAT surged 47 per cent to Rs 1,835 crore from Rs 1,251 crore.

Commenting on the results, Chairman and Managing Director, Ashish Bharat Ram, said, ‘It was a good quarter for the Company, particularly in the context of the volatile environment in which we are operating. Exports to the Middle East were impacted during the quarter. While we remain confident about the path ahead, the prevailing geopolitical uncertainty continues to be a key concern.’

The Chemicals Business recorded a 4 per cent increase in revenue to Rs 2,448 crore, while operating profit rose 5 per cent to Rs 783 crore. The Fluorochemicals Business was supported by higher domestic and export volumes and improved realisations in HFCs, along with steady performance in Industrial Chemicals and Fluoropolymers. The Specialty Chemicals Business delivered improved sequential performance despite pricing pressure and deferred orders, aided by cost and efficiency initiatives, new product launches, and progress in Active Ingredients development.

The Performance Films & Foil Business posted a 13 per cent rise in revenue to Rs 1,596 crore, with operating profit jumping 47 per cent to Rs 154 crore, driven by improved volumes and margins in BOPET and BOPP Films and a focus on sustainable and value-added products. The Technical Textiles Business saw revenue increase 5 per cent to Rs 483 crore, while operating profit climbed 63 per cent to Rs 65 crore. Revenue from Other Businesses was marginally higher at Rs 89 crore, though operating profit declined 25 per cent to Rs 9 crore.

The Board approved the indefinite deferment of a proposed Rs 490 crore BOPP Film manufacturing facility at Indore, citing changes in the operating environment. It also revised the capital outlay for the new generation Refrigerants project to approximately Rs 2,300 crore from Rs 1,100 crore, following land acquisition in Odisha. The phased project, expected to be completed by February 2028, will include a 20,000 tons per annum HFO facility, a 30,000 tons per annum HF plant, value-added HF derivatives, and related infrastructure. Additionally, an Rs 88 crore project to expand HFC capacity at Dahej was approved, raising capacity to 65,000 tons per annum after debottlenecking.

SRF Limited, incorporated in 1970 and listed on the BSE and NSE, manufactures technical textiles, chemicals, performance films & foil, and other polymers. Headquartered in India with manufacturing operations in India, Thailand, South Africa, and Hungary, the company serves customers in over 100 countries and operates across chemicals, performance films, and technical textiles segments.

SRF Ltd.'s shares were trading at Rs 2,727.6 as of May 6, 2026, 12:30 PM, versus a previous close of Rs 2,527.6, implying the stock was up 7.91 per cent on the day. The 52-week high stood at Rs 3,286.90 and the 52-week low at Rs 2,388.05. The stock declined 14.65 per cent over one year, declined 0.87 per cent over two years, and rose 0.59 per cent over three years; the one-year return of -14.65 per cent underperformed the BSE 500 one-year change of 3.23 per cent. Face value is Rs 10. Foreign institutional holding was 16.67 per cent (previously 17.48 per cent, down 0.81 percentage points) while domestic institutional holding was 21.16 per cent (previously 20.17 per cent, up 0.99 percentage points).

Disclaimer: The article is for informational purposes only and not investment advice.