Chemicals and materials company SRF Ltd on Wednesday reported a 31 per cent rise in consolidated net profit to Rs 509.12 crore (yaani about Rs 5.09 billion) for the September quarter, and announced a Rs 600 crore investment in a battery-grade aluminium foil plant in Madhya Pradesh, PTI reported from the company's regulatory filing.

Source: PTI via The Hindu BusinessLine

Consolidated revenue from operations rose 34.7 per cent to Rs 4,904.2 crore (yaani about Rs 49.04 billion) from Rs 3,640.19 crore a year ago, while total income was Rs 4,929.14 crore. Operating EBIT rose 26 per cent to Rs 816 crore from Rs 650 crore, Upstox reported.

Source: Upstox

The chemicals business, SRF's largest segment, grew revenue 25 per cent to Rs 2,079 crore, with fluorochemicals delivering strong refrigerant sales and positive pricing, while specialty chemicals navigated global pricing trends, Chinese overcapacity and geopolitical developments, the company said.

Source: EquityBulls

The board approved about Rs 600 crore (yaani about Rs 6 billion) to set up the battery-grade aluminium foil facility, with a total capacity of 12,000 tonnes per annum for lithium-ion and sodium-ion battery applications, supporting energy storage and electric mobility, PTI reported.

Chairman and Managing Director Ashish Bharat Ram said SRF's businesses delivered a strong performance despite an uncertain and volatile global environment, and that capex investments targeting sunrise sectors remain extremely robust.