SRF shares soar over 8% in 2 days to hit a new 52-week high. Here’s why
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The shares of SRF rallied 8.5% in the last 2 days to hit their new 52-week high of Rs 2,893.20 on the BSE after posting impressive financial results for the third quarter of fiscal year 2025 (Q3 FY25), witnessing a substantial year-on-year (YoY) growth in key profitability metrics. The company’s profit after tax (PAT) increased by 7% YoY, reaching Rs 271 crore in Q3 FY25, up from Rs 253 crore in the corresponding period last year. SRF’s revenue increased by 14% YoY, rising from Rs 3,053 crore in the corresponding period last year to Rs 3,491 crore in Q3 FY25. Meanwhile, the company’s Earnings before interest and tax (EBIT) also saw healthy growth, climbing 16% YoY to reach Rs 529 crore, compared to Rs 457 crore in the same quarter of the previous year. The company also declared a second interim dividend of Rs 3.60 per share for its shareholders. The Chemicals business reported an increase of 7% YoY in its segment revenue to Rs 1,496 crore...
