SRF Ltd has appointed Samir Kashyap as President and Chief Financial Officer and reappointed Kartik Bharat Ram as Joint Managing Director. The company reported Q3 consolidated revenue of Rs 37.13 billion, slightly below IBES estimates, while net profit stood at Rs 4.33 billion, surpassing expectations. An interim dividend of Rs 5 per share was also declared.
SRF Ltd, a leading chemicals and materials company, announced significant leadership changes alongside its Q3 financial results. The board appointed Samir Kashyap as President and CFO, reinforcing its management team, while also reappointing Kartik Bharat Ram as Joint Managing Director, ensuring continuity in leadership. The company’s quarterly performance reflected resilience, with profits exceeding analyst estimates despite revenue coming in marginally lower.
Key highlights from the announcement include
-
Appointment of Samir Kashyap as President and CFO of SRF Ltd.
-
Reappointment of Kartik Bharat Ram as Joint Managing Director.
-
Q3 consolidated revenue from operations reported at Rs 37.13 billion versus IBES estimate of Rs 38.45 billion.
-
Net profit stood at Rs 4.33 billion, higher than IBES estimate of Rs 4.18 billion.
-
Interim dividend declared at Rs 5 per share, reflecting strong cash flows.
-
Performance driven by specialty chemicals, packaging films, and technical textiles segments.
The leadership appointments, combined with strong profitability and dividend declaration, underscore SRF’s commitment to governance, operational efficiency, and shareholder value creation. Despite revenue pressures, the company’s diversified businesses continue to support growth, positioning SRF for sustained long-term success and reinforcing investor confidence.
Sources: Reuters, Economic Times, Business Standard