Srf Limited Announces Consolidated and Standalone Unaudited Earnings Results for the First Quarter Ended June 30, 2018; Provides Capex Guidance for Fiscal 2019
August 07, 2018 at 01:11 pm
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SRF Limited announced consolidated and standalone unaudited earnings results for the first quarter ended June 30, 2018. For the quarter, on standalone basis, the company reported total revenue from operations of INR 14,458.8 million as compared to INR 11,330.3 million a year ago. Profit before tax was INR 1,569.1 million as compared INR 1,090.1 million a year ago. Profit for the period was INR 1,108.8 million as compared to INR 884.8 million a year ago. Diluted and basic earnings per share were INR 19.31 as compared to INR 15.41 a year ago. EBITDA was INR 2,180 million compared to INR 2,960 million a year ago.
For the quarter, on consolidated basis, the company reported total revenue from operations of INR 17,412.5 million as compared to INR 13,891.1 million a year ago. Profit before tax was INR 1,822.5 million as compared INR 1,265.9 million a year ago. Profit for the period was INR 1,338.4 million as compared to INR 1,038.1 million a year ago. Diluted and basic earnings per share were INR 23.31 as compared to INR 18.08 a year ago. The consolidated gross sales of the Company grew by 35% from INR 12,730 million to INR 17,180 million in first quarter of fiscal year 2019 when compared with Corresponding Period Last Year.
The company already maintained about maybe INR 8,000 million or so be spending in this year based on the CapEx proposals, which are in pipeline or have been approved. So INR 7,500 million to INR 8,000 million is what it will realize at this point. The company expects tax maybe 29% on a stand-alone India basis, and 28% or so on consolidated.
SRF Limited is a chemical-based multi-business company engaged in the manufacturing of industrial and specialty intermediates. The Company's segments include Technical Textiles Business (TTB), Chemicals Business (CB), Packaging Film Business (PFB) and Others. The TTB segment's business includes nylon tire cord fabric, belting fabric, polyester tire cord fabric and industrial yarns and its research and development. The CB segment's business includes refrigerant gases, industrial chemicals, specialty chemicals, fluorochemicals and allied products and its research and development. The PFB segment's business includes polyester films and polypropylene films. The others segment includes coated fabric, laminated fabric and other ancillary activities. The Company has around 12 manufacturing plants in India and one each in Thailand, South Africa and Hungary. The Company exports to over 90 countries. It serves various industries, such as automotive, pharmaceuticals, manufacturing and chemicals.
Srf Limited Announces Consolidated and Standalone Unaudited Earnings Results for the First Quarter Ended June 30, 2018; Provides Capex Guidance for Fiscal 2019