SRF Expects Chemical Revenue to Reach Upper Limit of FY27 Guidance as Gopalpur HFO Project Advances

SRF Limited expects its Chemical Business revenue to reach the upper limit of its 15-20% annual growth guidance for FY27, the company said. ScanX reported the outlook on October 22, 2026. The projection rests on strong specialty segment performance in the second half of the fiscal year and an ongoing recovery in volumes across chemical operations.

SRF's Chemical Growth Drivers and Gopalpur HFO Approvals

SRF attributes the expected achievement of the upper growth target to two factors: strong growth in the specialty chemicals portfolio during H2 and continued recovery in volumes across the chemical operations. The company said the confidence signals a positive trajectory for its core business, moving beyond general expansion plans to a specific expectation of hitting the top end of projected ranges.

SRF confirmed it has secured all necessary regulatory approvals for its Hydrofluoroolefin (HFO) project located in Gopalpur. The company said this milestone clears the path for the project's execution phase. SRF is currently tracking a commissioning timeline of Q4FY28 for the Gopalpur facility. The company said the schedule aligns with its broader strategic roadmap to enhance capacity and product portfolio in the specialty chemicals domain.

SRF's management remains optimistic about meeting the upper end of the projected revenue growth range. The company said the outlook is underpinned by progress on key capital expenditure projects and sustained demand in the chemical sector.

SRF's Recent Earnings and Stake Transfer

SRF's Q2 consolidated revenue and net profit rose year-over-year but declined from Q1, TradingView reported on October 21, 2026. Performance Films and Foil led segment growth, H1 margins improved year-over-year, while H1 operating cash flow fell.

KAMA Realty (Delhi) Limited proposed to acquire up to 32,00,000 SRF shares from KAMA Holdings, representing 1.08% of paid-up capital via off-market inter-se transfers, ScanX reported on September 10, 2026.

SRF Limited reported first quarter 2027 earnings with EPS of ₹25.60, up 76% from Q1 2026, and revenue of ₹50.3 billion, up 32%, beating analyst estimates by 34% for EPS and 17% for revenue, Simply Wall St reported on July 30, 2026. Net income rose 76% to ₹7.59 billion and profit margin expanded to 15%.

Gopalpur Commissioning Timeline

The company has secured all necessary regulatory approvals for the project.