SRF touched a day’s high of Rs 2,969.90 on the NSE on Wednesday, before falling sharply even after reporting its best ever Q1.

Consolidated net profit surged 75.5% year on year to Rs 758.9 crore, up from Rs 432.3 crore a year earlier. Revenue climbed 31.8% to Rs 5,033.3 crore, comfortably ahead of what analysts had expected.

Operating profit grew even faster, up 49.2% to Rs 1,236.6 crore, with the operating margin widening to 24.6% from 22% a year ago. Growth came from across the company’s businesses.

The Performance Films and Foil segment led the way, with revenue surging 42% to Rs 2,016.7 crore from Rs 1,418.2 crore, and segment profit more than doubling to Rs 349.7 crore.

The Chemicals business also grew well, with revenue rising to Rs 2,314.9 crore from Rs 1,839 crore, and profit up to Rs 638.4 crore.

Technical Textiles saw the sharpest jump in profitability, with segment profit nearly tripling to Rs 107.8 crore from Rs 37.6 crore.

Alongside the results, SRF’s board declared a first interim dividend of Rs 5 per share for FY27, with the record date fixed for 28 July.

The board also cleared a fresh investment of Rs 250 crore to set up a new manufacturing line for a specialised packaging film called BOPET thick film, aimed at industrial and electronics customers.

The plant is expected to be commissioned within 24 months and will be funded through a mix of debt and internal cash. Despite the strong numbers, investors chose to book profits on the day.

At market close on 22 July, SRF shares settled at Rs 2,867.20 on the NSE, down 2.44% from the previous close of Rs 2,939.00.

The stock is down over 7% for the year so far, and remains well below its 52-week high of Rs 3,260.40, hit last July, though still above its 52-week low of Rs 2,355 touched in April.

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