SRF Limited has announced its financial results for the second quarter of FY24, showing strong revenue growth but a notable decline in net profit compared to the same period last year.
Key Financial Highlights:
- Revenue: The company’s revenue for Q2 FY24 came in at ₹3,334.06 crore, representing a 6.8% year-on-year (YoY) growth from ₹3,121.43 crore in Q2 FY23. This growth is driven by the company’s steady performance across its core business segments.
- Net Profit: SRF Limited reported a net profit of ₹201.42 crore, marking a significant 33% YoY decline from ₹300.78 crore in the same quarter last year. The decline in profitability is largely attributed to increased operational costs and margin pressures.
