- SRF’s net income for the second quarter was 3.01 billion rupees, marking a 37% decrease year over year.
- The net income fell short of the estimated 3.41 billion rupees.
- Revenue also saw a decrease, coming in at 31.8 billion rupees, a 15% decrease compared to the previous year.
- The estimated revenue was slightly higher, at 32.79 billion rupees.
- Total costs for the quarter were 27.9 billion rupees, representing an 11% decrease year over year.
- Other income for the period was 291.2 million rupees, also down 11% compared to the previous year.
- Analysts’ ratings for the company are mixed, with 25 buys, 6 holds, and 2 sells.
- All comparisons to past results are based on values reported by the company in its original disclosures.
A look at SRF Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SRF Ltd is a multi-business Indian multinational with a portfolio that includes technical textiles, chemicals, packaging films and engineering plastics. According to the Smartkarma Smart Scores, SRF Ltd has a long-term outlook that is slightly positive. The company has a Value score of 2, a Dividend score of 2, a Growth score of 3, a Resilience score of 3 and a Momentum score of 2. This indicates that SRF Ltd is likely to have a steady outlook in the long term, with moderate growth.
Overall, SRF Ltd is well-positioned to maintain a steady trajectory in the long term. The company’s portfolio of technical textiles, chemicals, packaging films and engineering plastics is likely to provide a steady stream of income and help the company continue to grow in the future. Investors should take comfort in the fact that the Smartkarma Smart Scores suggest a positive outlook for SRF Ltd in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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