Slide 1: Exchange cover letter for earnings call presentation
The Corporate Relationship Department, National Stock Exchange of India Limited BSE Limited “Exchange Plaza” Ist Floor , New Trading Ring Rotunda Bandra-Kurla Complex Building, P.J. Towers Bandra (E) Dalal Street, Mumbai 400 051 Mumbai 400 001 Scrip Code- 503806 Scrip Code-SRF SRF/SEC/BSE/NSE 20.01.
Slide 2: Q3 & 9M FY26 Results Presentation
Q3 & 9M FY26 Results Presentation January 20, 2026
Slide 3: Disclaimer
Disclaimer Some statements in this document may be forward-looking. Such statements are subject to certain risks and uncertainties like regulatory changes, local, political or economic developments, and many other factors that could cause actual results to differ materially from those contemplated b
Slide 4: Table of Contents
Table of Contents 01 02 03 04 Company Overview Q3 & 9M FY26 Q3 & 9M FY26 Outlook Results Overview Segmental Performance 3
Slide 5: Company Overview
COMPANY OVERVIEW 4 4
Slide 6: Snapshot
Snapshot 100+ 5 16 9,000+ ₹14,693 cr. Countries- Exports Countries- Manufacturing Global Workforce Revenue Operations Facilities ₹ 2,970 cr. ₹ 1,251 cr. 45% 38% 17% Performance Technical Textiles & EBIDTA PAT Chemicals Films & Foil Others On consolidated basis as on March 31, 2025 5
Slide 7: Overview - Business Profile
Overview - Business Profile Chemicals Performance Films & Foil Technical Textiles Others No of Plants - 2 No of Plants - 8 No of Plants - 4 No of Plants - 2 EBIT - ₹ 1,665 cr. EBIT - ₹ 365 cr. EBIT - ₹ 238 cr. EBIT - ₹ 69 cr. Revenue - ₹ 6,691 cr. Revenue - ₹ 5,554 cr. Revenue - ₹ 2,029 cr. Revenue
Slide 8: Manufacturing Facilities
Manufacturing Facilities FLUOROCHEMICALS & SPECIALTY CHEMICALS PERFORMANCE FILMS & FOIL 2 National Operations 5 National Operations 1. Rajasthan, India - Bhiwadi 1. Uttarakhand, India - Kashipur 2. Gujarat, India – Dahej 2. Madhya Pradesh, India - 1 1 1 International Operation a. Special Economic Zo
Slide 9: Market Leadership Across Businesses
Market Leadership Across Businesses Specialty Chemicals • Established relationship with marquee customers • Strong tech capability – pilot to commercial; creating value through operational excellence • Driving customer engagement and satisfaction through world class R&D, EHS and quality management •
Slide 10: Growth Levers
Growth Levers Build a Company known and respected for its R&D capabilities Greater focus on ESG initiatives Focus on building high-end value-added • Benefit the communities where we work products • Embrace diversity, equity & inclusion Continue to build new competencies in the Chemicals • Enhance fo
Slide 11: Q3 & 9M FY26 Results Overview
Q3 & 9M FY26 RESULTS OVERVIEW 10
Slide 12: Abridged Consolidated Results Overview
Abridged Consolidated Results Overview Particulars (Rs. Crore) Q3 FY26 Q3 FY25 % Y-o-Y 9M FY26 9M FY25 % Y-o-Y Gross Operating Revenue 3,712.5 3,491.3 6.3% 11,171.3 10,379.7 7.6% EBIDTA 847.5 693.4 22.2% 2,528.3 1,933.3 30.8% EBIDTA Margin (%) 22.8% 19.9% 22.6% 18.6% Depreciation 216.9 194.3 11.6% 6
Slide 13: Results Overview - Financial Overview
Results Overview - Financial Overview Consolidated figures Key Financial Ratios Particulars FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 EBIDTA Margin 22.13% 21.42% 17.69% 19.00% 20.90% 26.05% 25.30% 24.94% 20.88% 20.22% PAT Margin 9.51% 10.87% 8.38% 8.33% 12.70% 14.26% 15.19% 14.54% 10.17% 8.5
Slide 14: Results Overview - Revenue Share
Results Overview - Revenue Share Q3 FY25 Q3 FY26 9M FY25 9M FY26 Total – 3,491.3 Cr. Total – 3,712.6 Cr. Total – 10,387.8 Cr. Total – 11,171.4 Cr. 101.1 91.9 340.1 277.7 509.8 2.9% 1,495.7 453.6 2.5% 1,824.8 1,394.5 2.5% 5,330.6 1,570.6 3.3% 4,335.4 14.6% 12.2% 12.5% 15.1% 42.8% 41.7% 49.2% 47.7% 36
Slide 15: Results Overview - EBIT Share
Results Overview - EBIT Share Q3 FY25 Q3 FY26 9M FY25 9M FY26 Total – 528.7 Cr. Total – 652.7 Cr. Total – 1,430.6 Cr. Total – 1,996.9 Cr. 15.7 17.0 56.4 44.9 2.6% 37.9 58.9 363.8 496.0 3.9% 124.9 1.9% 1,480.2 3.0% 6.9% 198.0 916.3 11.1% 94.8 13.8% 6.3% 14.5% 353.9 17.7% 17.1% 18.2% 90.3 64.1% 68.8%
Slide 16: Q3 & 9M FY26 Segmental Performance
Q3 & 9M FY26 – SEGMENTAL PERFORMANCE Chemicals Technical Textiles Performance Films & Others Foil 15
Slide 17: Chemicals Business
WE ALWAYS FIND A BETTER WAY
Slide 18: Chemicals Business - Results Update
Chemicals Business - Results Update Consolidated figures PARTICULARS Q3 FY26 Q3 FY25 % Y-o-Y 9M FY26 9M FY25 % Y-o-Y Segment Revenues 1,824.8 1,495.7 22.0% 5,330.6 4,335.4 23.0% % Contribution 49.2% 42.8% 47.7% 41.7% to Revenues EBIT 496.0 363.8 36.4% 1,480.2 916.3 61.5% % EBIT Margins 27.2% 24.3% 2
Slide 19: Chemicals Business - Specialty Chemicals
Chemicals Business Specialty Chemicals Business Key Highlights Market Trends • Specialty Chemicals Business Q3 performance impacted when • Demand from Agro majors expected to be significantly better compared with CPLY in Q4 o Offtake for some key products deferred by Agro majors o Continued pricing
Slide 20: Chemicals Technology Group
Chemicals Business Chemicals Technology Group Chemicals Technology Group (CTG) is Equipped with state-of-the-art R&D actively engaged in the development facilities and an ingenious team of of new process technologies scientists and engineers 2 R&D centres in India – Bhiwadi, Key focus on high end mo
Slide 21: Chemicals Business - Fluorochemicals
Chemicals Business Fluorochemicals Business Key Highlights Market Trends • Fluorochemicals business delivered strong performance compared to CPLY • Global HFCs prices remain firm driven by China’s quota-led due to: supply restrictions and steady international demand o Higher volumes and realizations
Slide 22: Performance Films & Foil Business
PERFORMANCE FILMS & FOIL BUSINESS 21
Slide 23: Performance Films & Foil Business - Results
Performance Films & Foil Business - Results Consolidated figures PARTICULARS Q3 FY26 Q3 FY25 % Y-o-Y 9M FY26 9M FY25 % Y-o-Y Segment Revenues 1,342.3 1,384.8 -3.1% 4,168.6 4,141.6 0.7% % Contribution 36.2% 39.7% 37.3% 39.9% to Revenues EBIT 94.8 90.3 4.9% 353.9 259.9 36.2% % EBIT Margins 7.1% 6.5% 8
Slide 24: Performance Films & Foil Business
Performance Films & Foil Business Key Highlights Market Trends • Business delivered flattish performance in Q3 compared to CPLY due to • Short-term market disruption due to resizing and reprinting o Reduced volumes and rangebound pricing for BOPET and BOPP emanating from GST 2.0 continued; witnessin
Slide 25: Technical Textiles Business
TECHNICAL TEXTILES BUSINESS 24
Slide 26: Technical Textiles Business - Results Update
Technical Textiles Business - Results Update Consolidated figures PARTICULARS Q3 FY26 Q3 FY25 % Y-o-Y 9M FY26 9M FY25 % Y-o-Y Segment Revenues 453.6 509.8 -11.0% 1,394.5 1,570.6 -11.2% % Contribution 12.2% 14.6% 12.5% 15.1% to Revenues EBIT 44.9 58.9 -23.7% 124.9 198.0 -36.9% % EBIT Margins 9.9% 11.
Slide 27: Technical Textiles Business
Technical Textiles Business Key Highlights Market Trends • TTB performance continues to be impacted due to : • Market conditions remained challenging due to o Margin pressure in Belting Fabric (BF) due to Chinese continued influx of cheaper imports from China and US imports tariffs o US tariffs nega
Slide 28: Other Businesses
WE ALWAYS FIND A BETTER WAY
Slide 29: Others - Results Update
Others - Results Update Consolidated figures PARTICULARS Q3 FY26 Q3 FY25 % Y-o-Y 9M FY26 9M FY25 % Y-o-Y Segment Revenues 91.9 101.1 -9.1% 277.7 340.1 -18.4% % Contribution 2.5% 2.9% 2.5% 3.3% to Revenues EBIT 17.0 15.7 8.3% 37.9 56.4 -32.8% % EBIT Margins 18.5% 15.5% 13.6% 16.6% % Contribution to E
Slide 30: Others - Key Highlights
Others - Key Highlights • Domestic demand witnessed some weakness, along with pressure on margins due to cheaper imports from China Coated • Tensile and semi-tensile VAP offerings in domestic market to support margins going forward Fabrics • Overall demand expected to remain slow during off season •
Slide 31: SRF's Community Engagement
SRF’s Community Engagement Health and Community Special Well Being Connect Highlights ▪ Under SRF Swasthya Seva, ▪ Over 850 community members ▪ AI Training for Teachers: 2,542 community members were engaged through meetings 82 educators trained on AI received health check-ups and School Management t
Slide 32: Outlook
OUTLOOK Chemicals Technical Textiles Performance Films & Others Foil 31
Slide 33: Outlook - Chemicals Business
Outlook - Chemicals Business Specialty Chemicals Fluorochemicals Strong traction in pharma segment with few more products added in qualification lot. Full Continue maximizing HFCs production P&L reflection may take some time Agrochemicals going in crop protection Overall ref gas demand and prices ex
Slide 34: Outlook - Performance Films & Foil and Technical Textiles
Outlook - Performance Films & Foil Business and Technical Textiles Business Performance Films & Foil Business Uncertainty in US tariffs may impact Thailand operations expected to show South Africa to continue performing global supply chains; counter-measures marginal improvement well in place Ramp u
Slide 35: About Us
About Us Established in 1970, SRF Limited is a chemical-based, multi-business conglomerate with a For further information please contact strong global footprint. The company operates across a diversified portfolio that includes: Fluorochemicals, Specialty Chemicals, Performance Films & Foil, Technic
Slide 36: Thank You
Thank You