ANI
22 Jan 2021, 14:07 GMT+10
Gurugram (Haryana) [India], Jan 22 (ANI): Industrial and specialty intermediates manufacturer SRF Ltd has reported 6 per cent fall in its profit after tax to Rs 324 crore in Q3 FY21 as compared to Rs 345 crore in the corresponding period of previous fiscal.
However, net of one-time tax adjustments, the profit increased by 46 per cent from Rs 221 crore to Rs 324 crore. The company's earnings before interest and tax increased by 42 per cent from Rs 337 crore to Rs 479 crore in Q3 FY21.
The consolidated revenue grew by 16 per cent from Rs 1,850 crore to Rs 2,146 crore in the same period.
"We have seen all business segments return to normal operations. I remain cautiously optimistic going forward," said Managing Director Ashish Bharat Ram.
The board of directors approved a second interim dividend at the rate of 190 per cent amounting to Rs 19 per share. Earlier on July 30, 2020, the board had approved the first interim dividend at the rate of Rs 5 per share.
SRF said its chemicals business reported an increase of 12 per cent in segment revenue from Rs 812 crore to Rs 906 crore during Q3 FY21.
The packaging films business reported an increase of 26 per cent from Rs 638 crore to 802 crore while technical textiles business reported an increase of 9 per cent in revenue from Rs 336 crore to Rs 367 crore during Q3 FY21.
SRF's diversified business portfolio covers fluorochemicals, specialty chemicals, packaging films, technical textiles, coated and laminated fabrics. (ANI)Get a daily dose of Paris Guardian news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Paris Guardian.
More InformationLONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
MOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...