Srf Limited · NSE:SRF
Srf — Q2 FY27 Earnings Presentation
39 slides from Srf's earnings presentation, Oct 22, 2026
Slide 1: Exchange filing 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 22.10.
Slide 2: Q2 FY27 Results Presentation
Q2 FY27 Results Presentation Oct 22, 2026
Slide 3: Table of Contents
Table of Contents 01 02 03 04 Q2 FY27 Results Strategic Outlook Company Overview Governance 2
Slide 4: Q2 FY27 Results
Q2 FY27 RESULTS 3
Slide 5: Performance Delivered
Performance Delivered Revenue from Operations Operational EBIT & Margin 4,904.2 816.0 3,640.2 650.1 Business Performance 18% 17% 35% 26% Revenue Growth (YoY) Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 CB 25% PBT & Margin PAT & Margin 671.0 509.1 PFB 51% 517.1 388.2 14% 14% 11% 10% TTB 25% 30% 31% Q2 FY26 Q2 FY
Slide 6: A Strong Growth Trajectory
A Strong Growth Trajectory Revenue from Operations Operational EBIT 35% 26% 1,116 5,033 4,904 1,011 4,615 816 3,640 3,713 650 653 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 PBT PAT 30% 31% 759 979 582 757 509 671 433 388 517 452 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2
Slide 7: Revenue Share
Revenue Share Q2 FY26 Q2 FY27 Total – 3,640.2 Cr. Total – 4,904.2 Cr. 90.8 107.2 474.3 595.1 2.2% 2.5% 13.0% 12.1% 1,666.9 42.4% 45.8% 2,079.5 38.7% 43.3% 1,408.1 2,122.4 CB PFB TTB Others Consolidated Financials INR Crores CB – Chemicals Business; PFB - Performance Films & Foil Business; TTB – Tech
Slide 8: Operational EBIT Share
Operational EBIT Share Q2 FY26 Q2 FY27 Total – 650.1 Cr. Total – 816.0 Cr. 7.5 9.7 42.3 72.3 1.2% 1.2% 6.5% 8.9% 18.3% 119.0 25.3% 206.2 481.3 527.8 64.7% 74.0% CB PFB TTB Others Consolidated Financials INR Crores CB – Chemicals Business; PFB - Performance Films & Foil Business; TTB – Technical Text
Slide 9: Chemicals Business (CB) - Fluorochemicals
Chemicals Business (CB) CB Revenue Key Highlights & Outlook 2,079 Fluorochemicals 1,667 • Strong Q2 revenue growth led by higher HFC volumes and improved realization. • Aggressive expansion in new markets helped offset softness in the US market. 25% • Domestic leadership sustained, supported by robu
Slide 10: Chemicals Business (CB) - Specialty Chemicals
Chemicals Business (CB) CB Revenue Key Highlights & Outlook 2,079 Specialty Chemicals 1,667 • Recovery in agrochemical volumes is visible across select pockets, supported by strong customer relationships. 25% • Technology-led cost initiatives and operational efficiencies continue to help offset high
Slide 11: Performance Films & Foil Business
Performance Films & Foil Business Revenue Key Highlights & Outlook 2,122 Films • Strong growth delivered across all geographies, despite a volatile operating 1,408 environment. • Value-added product portfolio gained traction, led by offline-coated and metallized 51% products across geographies. • Ca
Slide 12: Technical Textiles Business
Technical Textiles Business Revenue Key Highlights & Outlook 595 • Strong operating momentum sustained in Q2, with healthy performance across 474 key product segments. • Belting fabrics delivered a record performance, supported by strong exports and new customer additions. 25% • Value-added portfoli
Slide 13: Strategic Outlook
STRATEGIC OUTLOOK 121
Slide 14: Redefining Possible Everyday
“An innovation led materials and chemicals company that turns deep expertise into new, and high-value businesses." Redefining Possible| EVERYDAY 13
Slide 15: An Innovation Led Materials & Chemicals Company
An Innovation Led Materials & Chemicals Company Integrated Chemistry & Material Science leader Specialty & Advanced chemistries | Material Reinforcement Chemicals Platform science | Innovation Materials Platform & Technology leadership Complex chemistries capability Reliable Performance Capability •
Slide 16: Addressing Sunrise Sectors
Addressing Sunrise Sectors A Billion $+ Revenue Opportunity Spanning Energy Storage Electricals & Electronics Semiconductors Next Generation Cooling Environment, Aerospace & Defense Solutions Sustainability, & Renewables Innovation With| Responsibility 15
Slide 17: Our Progress Thus Far
Our Progress Thus Far Product Product Application & Status 1. Aluminium Foil 1. For battery applications. Board approval obtained in Oct 26. 23 months Energy Storage Detailed slides follow implementation timeline for Phase 1. 2. PVDF 2. For battery cathode binders and separator coatings. Final commi
Slide 18: Our Progress Thus Far
Our Progress Thus Far Product Product Application & Status Next Generation Cooling 1. HFO’s : 4th generation 1. For mobile, room air conditioning, & data center cooling solutions. Solutions refrigerants Environmental clearance received and project is on track for capitalization in Q4 FY’28. Environm
Slide 19: Emerging Aluminium Foil Opportunity for SRF
Emerging Aluminium Foil Opportunity for SRF Traditional Markets High Value-Added Emerging High-Value Applications Added Applications Packaging Battery Energy Storage Alu-Alu (Pharma) Systems Pharma Aseptic Packaging EV Batteries Food • Accelerate the shift towards value-added foil applications with
Slide 20: What is Battery Foil?
What is Battery Foil? A critical current-collector material inside batteries. BATTERY FOIL Thin aluminium or copper foil used as the current collector inside a battery. ALUMINIUM FOIL Typically used for the cathode or positive electrode. CURRENT COLLECTOR Engineered for| HIGH-PERFORMANCE PRECISION 1
Slide 21: Aluminium Foil for Battery Applications
Aluminium Foil for Battery Applications A structural growth opportunity driven by battery energy storage systems, electric mobility and domestic cell manufacturing BESS & EV demand is expanding the battery market Battery foil is key to building India’s Cell makers require consistent, dependable crit
Slide 22: India's Battery Scale Up: a Compelling Foil Opportunity
India’s Battery Scale Up: a Compelling Foil Opportunity EV EV Lithium Batteries POLICY-BACKED Electric mobility SCALE-UP G ₹18,100 Grid Batteries cr BESS ACC PLIand peak balancing scheme outlay RE 40 GWh Renewable Storage Awarded Solar and wind integration Na Sodium-ion Batteries Emerging cost-focus
Slide 23: Strategic Priorities
Strategic Priorities Make in India Focus on Leverage synergies value-addition with existing businesses Build for Create cross- sunrise sectors business platforms Sustainability That| SHAPES TOMORROW 22
Slide 24: Company Overview
COMPANY OVERVIEW 232
Slide 25: A Snapshot of 50+ Years
A Snapshot of 50+ Years 90+ 5 16 9,500+ ₹15,787 cr. Countries- Exports Countries- Manufacturing Global Workforce Revenue Operations Facilities ₹ 3,705 cr. ₹ 1,835 cr. 49% 37% 14% Performance Technical Textiles & EBIDTA PAT Chemicals Films & Foil Others On a consolidated basis as on March 31, 2026 Po
Slide 26: CTG: Our Innovation Powerhouse
CTG : Our Innovation Powerhouse Redefining Chemicals| EVERYDAY 25
Slide 27: R&D Capabilities & Innovation
R&D Capabilities & Innovation Redefining Value| EVERYDAY 26
Slide 28: World Class Competitive Manufacturing
World Class Competitive Manufacturing Backward integration = Global manufacturing Scale & high utilisation cost leadership network In-house HF / AHF and resin plant — 16 facilities across India, Thailand, South Large integrated complexes running at secures raw-material supply continuity at Africa &
Slide 29: FY26 Consolidated Overview
FY 26 Consolidated Overview Geographically Diverse Customer Base The Profit Engine 51% Export revenue 75% Chemicals Contribution 2% 6% 23% 17% ₹15,787 cr 49% ₹3,008 cr 7% Revenue Operational EBIT 21% 75% Chemicals Technical Textiles India US & EU MEA Others Performance Films & Foil Others Powering P
Slide 30: Financial Overview
Financial Overview Consolidated figures Key Financial Ratios Particulars FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 EBIDTA Margin 21.42% 17.69% 19.00% 20.90% 26.05% 25.30% 24.94% 20.88% 20.22% 23.47% PAT Margin 10.87% 8.38% 8.33% 12.70% 14.26% 15.19% 14.54% 10.17% 8.51% 11.63% Net Debt to Equ
Slide 31: Aspirations 2030
Aspirations 2030 Where Purpose| DRIVES POTENTIAL 30
Slide 32: Governance
GOVERNANCE 313
Slide 33: Our Board
Our Board A healthy mix of independent oversight, experienced entrepreneurship, stewardship and disciplined engagement BOARD COMPOSIT ION 25 >85% 6 10 BOARD & COMMITTEE MEETINGS AVERAGE ATTENDANCE BOARD-LEVEL COMMITTEES DIRECTORS during FY 2025-26 at Board and Committee meetings with clearly defined
Slide 34: Sustainability
Sustainability Advancing resource efficiency, climate action and inclusive value creation 42% 14% 10% 7% RENEWABLE ELECTRICITY SCOPE II EMISSIONS WASTEWATER DISCHARGE WATER RECYCLING Of total electricity procured from renewable reduction from previous year reduction from previous year increase from
Slide 35: Societal
Societal Students Shine Across Strengthening Education Sporting Arenas • Supported schools excelling at block and district-level • SRF Foundation collaborated with the District Institute of competitions. Education & Training in Nuh, and the State Council of Educational Research and Training in Gurug
Slide 36: ESG Awards & Recognition
ESG Awards & Recognition External validation across sustainability leadership, circularity and community impact SUSTAINABILITY RANKING ECOVADIS RATINGS Top 3 in Chemicals & Industrial Gasses Gold and Silver rated facilities Among BW India’s Top 60 Most Sustainable Companies 2024-25, within the IMSC
Slide 37: About Us
About Us Established in 1970, SRF Limited is a diversified chemicals conglomerate with a strong global presence. Its businesses span Fluorochemicals, Specialty Chemicals, Performance Films & Foil, Technical Textiles, and Coated and For further information please contact Laminated Fabrics—serving a w
Slide 38: 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 39: Thank You
Thank You