SRF - Strong Show Continues In Q3: Motilal Oswal  
Packaging films facility at SRF Ltd. (Source: Company website)

SRF - Strong Show Continues In Q3: Motilal Oswal  

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.

Motilal Oswal Report

SRF Ltd.’s Q3 FY21 operating performance was robust on the back of a margin expansion seen across segments (on a YoY basis).

Specialty chemicals drove overall revenue in the chemicals segment as the fluorochemicals business revenue remained flat YoY.

On a QoQ basis, Ebit margin moderated (down 310 basis point QoQ) in the packaging segment, but expanded 340 basis point in technical textiles.

We largely maintain our FY21/FY22/FY23 estimates as operating performance was broadly in line with our estimates.

Click on the attachment to read the full report:

Motilal Oswal SRF Q3FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.