SRF Limited has announced its financial results for the third quarter ending December 31, 2024, reporting a steady rise in revenue and profitability. The company’s revenue from operations surged 14.5% year-on-year (YoY) to ₹3,491.31 crore in Q3 FY25, up from ₹3,053.04 crore in Q3 FY24. On a quarter-on-quarter (QoQ) basis, revenue saw a marginal increase of 2% from ₹3,424.30 crore in Q2 FY25. Total income, including other income of ₹39.64 crore, stood at ₹3,530.95 crore, marking a 15% YoY increase from ₹3,071.79 crore and a 2.1% QoQ rise from ₹3,457.63 crore.
Total expenses rose to ₹3,162.25 crore in Q3 FY25, reflecting a 15.9% YoY increase from ₹2,723.47 crore and a 1.3% QoQ rise from ₹3,173.97 crore. The cost of materials consumed stood at ₹1,868.97 crore, up from ₹1,631.18 crore in Q3 FY24 and ₹1,885.87 crore in Q2 FY25. Employee benefits expenses increased to ₹260.75 crore, compared to ₹243.83 crore in Q3 FY24. Depreciation and amortization stood at ₹194.26 crore, up from ₹168.89 crore in the corresponding quarter last year.
Profit before tax (PBT) rose 5.8% YoY to ₹368.70 crore, compared to ₹348.32 crore in Q3 FY24. On a QoQ basis, PBT grew 30.1% from ₹283.66 crore. Net profit for Q3 FY25 increased 7% YoY to ₹271.08 crore, compared to ₹253.43 crore in the same quarter last year, while registering a 34.5% QoQ increase from ₹201.42 crore in Q2 FY25. The company’s tax expense for the quarter stood at ₹99.05 crore, up from ₹97.41 crore in Q3 FY24 and ₹82.24 crore in Q2 FY25.
For the nine months ended December 31, 2024, SRF reported total income of ₹10,477.96 crore, a 9.9% YoY growth from ₹9,628.41 crore in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹724.72 crore, down from ₹913.50 crore in 9MFY24, reflecting a 20.7% YoY decline.
The company’s Q3 performance was supported by revenue growth and improved cost efficiencies, with stable demand across key business segments. SRF remains optimistic about maintaining its growth momentum in the upcoming quarters.
