HDFC Securities: SRF Delivers A Blockbuster Quarter
Technicians at Fluorochemicals and Speciality Chemicals Plant in Rajasthan. (Source: Company website)

HDFC Securities: SRF Delivers A Blockbuster Quarter

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

HDFC Securities SRF Q2FY21 Results Review.pdf

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