Exploring SRF Ltd’s Financial Performance in Q4FY24
As a cryptocurrency enthusiast, you are keen to stay informed about various industries and their financial performances. Let’s dive into the financial results of SRF Ltd in the fourth quarter of FY24 to gain insights into the company’s earnings and operations.
Reviewing SRF Ltd’s Quarterly Performance
– SRF Ltd reported a 25% decline in net profit to Rs 422 crore in Q4FY24
– Profit After Tax (PAT) decreased by 25% compared to the previous year
– The consolidated revenue of the company witnessed a 6% decline to Rs 3,570 crore in the last fiscal quarter
– For the entire fiscal year 2023-24, SRF’s revenue dropped by 12% to Rs 13,139 crore
Key Takeaways from SRF Ltd’s Financial Statements
– Profit after tax plunged by 38% to Rs 1,336 crore in the last fiscal year
– SRF Chairman and Managing Director, Ashish Bharat Ram, highlighted a reasonable recovery in the chemicals business in Q4FY24
– Predicts a pickup in recovery pace for the second half of FY25
– Celebrating 50 years in manufacturing, SRF boasts an annual turnover of Rs 12,910 crore
– The company’s diverse portfolio includes fluorochemicals, specialty chemicals, packaging films, technical textiles, and coated fabrics
– SRF operates 13 manufacturing plants in India and facilities in Thailand, South Africa, and Hungary, exporting products to over 100 countries
Hot Take: Understanding SRF Ltd’s Growth Trajectory
By analyzing SRF Ltd’s financial performance, you can gauge the trajectory of a leading chemical firm in India. As a crypto enthusiast, staying informed about various industries contributes to your overall market knowledge and investment decisions. Keep exploring and learning from different sectors to enhance your financial acumen and make informed choices in the crypto space.
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