Slide 1: Exchange filing cover letter
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 30.01.
Slide 2: Q3 & 9M FY25 Results Presentation
Q3 & 9M FY25 Results Presentation January 30, 2025
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 Q3 & 9M FY25 Q3 & 9M FY25 Outlook Overview Results Overview Segmental Performance 3
Slide 5: Company Overview
COMPANY OVERVIEW
Slide 6: Snapshot
Snapshot 100+ 4 16 ~9,000 Countries- Countries- Manufacturing Global Exports Operations Facilities Workforce ₹ 13,139 cr. ₹ 2,744 cr. ₹ 1,336 cr. Revenue EBITDA PAT 48% 34% 18% Chemicals Packaging Technical Films Textiles & Others Note: On Consolidated basis as on 31st March 2024 5
Slide 7: Overview - Business Profile
Overview - Business Profile No of Plants - 2 Specialty Chemicals Fluorochemicals • Intermediates for AI/API/Specialized • Refrigerants • Industrial Chemicals EBIT - ₹ 1,627 cr. • Pharma Propellants Applications • Fluoropolymers Revenue - ₹ 6,297 cr. • Contract Development & Manufacturing Chemicals N
Slide 8: Manufacturing Facilities
Manufacturing Facilities FLUOROCHEMICALS & SPECIALTY CHEMICALS 2 National Operations LAMINATED FABRICS 1. Rajasthan, India - Bhiwadi 1 National Operation 2. Gujarat, India - Dahej 1. Uttarakhand, India - Kashipur TECHNICAL TEXTILES 1 4 National Operations 1 1 COATED FABRICS 1. Madhya Pradesh, India
Slide 9: Market Leadership Across Businesses
Market Leadership Across Businesses 01 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 managemen
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 • Benefit the communities where we work value-added products • Embrace diversity, equity & inclusion Continue to build new • Enhance focus on the 3R’s- Recycle, Reus
Slide 11: Q3 & 9M FY25 Results Overview
Q3 & 9M FY25 RESULTS OVERVIEW
Slide 12: Abridged Results Overview
Abridged Results Overview Consolidated figures Particulars (Rs. Crore) Q3 FY25 Q3 FY24 % Y-o-Y 9M FY25 9M FY24 % Y-o-Y Gross Operating Revenue 3,491.3 3,053.0 14.4% 10,379.7 9,568.8 8.5% EBITDA 693.4 602.7 15.1% 1,933.3 2,008.8 -3.8% EBITDA Margin (%) 19.9% 19.7% 18.6% 21.0% Depreciation 194.3 168.9
Slide 13: Results Overview - Financial Overview
Results Overview - Financial Overview Consolidated figures Key Financial Ratios Particulars FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 EBITDA Margin 20.43% 22.13% 21.42% 17.69% 19.00% 20.90% 26.05% 25.30% 24.94% 20.88% PAT Margin 8.78% 9.51% 10.87% 8.38% 8.33% 12.70% 14.26% 15.19% 14.54% 10.1
Slide 14: Results Overview - Revenue Share
Results Overview - Revenue Share Q3 FY24 Q3 FY25 9M FY24 9M FY25 Total – 3,056.7 Cr. Total – 3,491.3 Cr. Total – 9,576.2 Cr. Total – 10,387.8 Cr. 113.6 101.1 359.1 340.1 458.4 3.7% 1,394.1 509.8 2.9% 1,495.7 1,429.2 3.8% 4,481.0 1,570.6 3.3% 4,335.4 15.0% 14.6% 14.9% 15.1% 42.8% 41.7% 45.6% 46.8% 35
Slide 15: Results Overview - EBIT Share
Results Overview - EBIT Share Q3 FY24 Q3 FY25 9M FY24 9M FY25 Total – 456.7 Cr. Total – 528.7 Cr. Total – 1,585.0 Cr. Total – 1,430.6 Cr. 21.2 15.7 77.5 56.4 68.8 4.6% 321.8 58.9 3.0% 363.8 204.4 4.9% 1,129.7 198.0 3.9% 916.3 11.1% 12.9% 13.8% 15.1% 17.1% 10.9% 9.8% 44.9 90.3 173.4 18.2% 64.1% 70.5%
Slide 16: Q3 & 9M FY25 - Segmental Performance
Q3 & 9M FY25 - SEGMENTAL PERFORMANCE Chemicals Packaging Films Technical Textiles Others
Slide 17: Chemicals Business
a | CHEMICALS BUSINES —_— WE ALWAYS FIND A BETTER WAY
Slide 18: Chemicals Business - Results Update
Chemicals Business - Results Update Consolidated figures PARTICULARS Q3 FY25 Q3 FY24 % Y-o-Y 9M FY25 9M FY24 % Y-o-Y Segment Revenues 1,495.7 1,394.1 7.3% 4,335.4 4,481.0 -3.2% % Contribution to 42.8% 45.6% 41.7% 46.8% Revenues EBIT 363.8 321.9 13.0% 916.3 1,129.7 -18.9% % EBIT Margins 24.3% 23.1% 2
Slide 19: Chemicals Business - Specialty Chemicals
Chemicals Business Specialty Chemicals Business Key Highlights Market Trends • Business reported strong revenue and margin growth over previous • Agro segment showing some signs of improvement quarter • Demand deferment for certain key agro intermediates now o Recently launched products gained notab
Slide 20: Chemicals Technology Group
Chemicals Business Chemicals Technology Group • Chemicals Technology Group (CTG) is actively engaged in the development of new process technologies • Key focus on high end molecules • Strong internal competencies and capabilities • Equipped with state-of-the-art R&D facilities and an ingenious team
Slide 21: Chemicals Business - Fluorochemicals
Chemicals Business Fluorochemicals Business Key Highlights Market Trends Fluorochemicals Business delivered better performance in Q3 compared to • Refrigerant gas demand and pricing expected to remain strong previous quarter owing to: globally • Healthy growth in volumes of ref gases in domestic mar
Slide 22: Packaging Films Business
PACKAGING FILMS BUSINESS Es WE ALWAYS FIND A BETTER WAY
Slide 23: Packaging Films Business - Results Update
Packaging Films Business - Results Update Consolidated figures PARTICULARS Q3 FY25 Q3 FY24 % Y-o-Y 9M FY25 9M FY24 % Y-o-Y Segment Revenues 1,384.8 1,090.7 27.0% 4,141.6 3,307.0 25.2% % Contribution to 39.7% 35.7% 39.9% 34.5% Revenues EBIT 90.3 44.9 101.4% 259.9 173.4 49.9% % EBIT Margins 6.5% 4.1%
Slide 24: Packaging Films Business
Packaging Films Business Key Highlights Market Trends • Packaging Films Business witnessed stable performance and registered slight • In India, BOPET demand and prices remained stable, while BOPP increase in margins over Q2 experienced demand growth o SRF continues to be the largest exporter of BOPE
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 FY25 Q3 FY24 % Y-o-Y 9M FY25 9M FY24 % Y-o-Y Segment Revenues 509.8 458.4 11.2% 1,570.6 1,429.2 9.9% % Contribution to 14.6% 15.0% 15.1% 14.9% Revenues EBIT 58.9 68.8 -14.4% 198.0 204.4 -3.2% % EBIT Margins 11.6% 15.0%
Slide 27: Technical Textiles Business
Technical Textiles Business Key Highlights Market Trends • Technical Textiles Business performance was muted compared • Demand outlook for NTCF and PIY is expected to remain to Q2 as Belting Fabrics (BF) segment under-performed due to stable, while BF demand may experience moderate growth lower dema
Slide 28: Other Businesses
OTHER BUSINESSES 27
Slide 29: Others - Results Update
Others - Results Update Consolidated figures PARTICULARS Q3 FY25 Q3 FY24 % Y-o-Y 9M FY25 9M FY24 % Y-o-Y Segment Revenues 101.1 113.6 -10.9% 340.1 359.1 -5.3% % Contribution to 2.9% 3.7% 3.3% 3.8% Revenues EBIT 15.7 21.2 -26.1% 56.4 77.5 -27.1% % EBIT Margins 15.5% 18.7% 16.6% 21.6% % Contribution t
Slide 30: Others - Key Highlights
Others - Key Highlights • SRF retains its dominant position in the domestic market, driving growth through strong volume and pricing power • Q3 performance negatively impacted due to weak demand in Coated Fabrics domestic market • Domestic demand expected to remain stable, with strategic focus on dr
Slide 31: SRF's Community Engagement
SRF’s Community Engagement Anganwadi Development Program Madhya Pradesh Rajasthan • We organised door-to-door visits and community The Anganwadi Centre in meetings to strengthen programs and retain students in Khijuriwas was inaugurated in Bhopal December’24 with children, • We held a two-day traini
Slide 32: Outlook
OUTLOOK
Slide 33: Outlook - Chemicals Business
Outlook - Chemicals Business Specialty Chemicals Anticipate good agro demand in Q4, with significant performance improvement over Q3 Work on AIs progressing as per plan Product funnel remains strong Ramp up of recently commissioned facilities to drive growth Focus on reducing costs for certain key p
Slide 34: Outlook - Packaging Films and Technical Textiles
Outlook - Packaging Films Business Technical Textiles Business Packaging Films Business Demand-supply imbalance to continue in BOPET, BOPP margins expected to witness pressure from albeit softening current levels Thailand margins expected to be better with Aluminium Foil facility to contribute posit
Slide 35: About Us
About Us Established in 1970, SRF Limited is a chemical based multi-business entity engaged in the manufacturing of industrial and specialty For further information please contact intermediates. The company’s diversified business portfolio covers Fluorochemicals, Specialty Chemicals, Packaging Films
Slide 36: Thank You
Thank You