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HDFC Securities Report
Robust performance of chemical segment (30%/25% YoY/QoQ), led by speciality chemicals business, the continuance of strong show of packaging films segment (26%/23% YoY/QoQ) owing to healthy demand, and sharp recovery in technical textile segment sequentially (3%/136% YoY/QoQ%) along with improved gross margin helped SRF Ltd. deliver 52%/80% beat on estimates.
The current momentum in the speciality chemicals business will continue in H2 FY21 as well.
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