SRF reports 24% decline in Q4 net profit

(20 second reading) Chemicals maker SRF Ltd reported a 24 percent YoY decline in consolidated net profit at Rs 422 crore for the Q4 of FY24. In the previous corresponding quarter, the company posted a net profit of Rs 562 crore.
Its revenue from operations dipped 5 percent to Rs 3570 crore as against Rs 3778 crore a year back.
At the operating level, EBITDA tanked 25 percent to Rs 696 crore as against Rs 932 crore last fiscal. EBITDA margin stood at 19.5 percent as compared to 24.6 percent in the same period a year ago.
While the general performance has been weak, it has seen a reasonable recovery in its Chemicals Business in the Q4