SRF rose 2.99% to Rs 3,335 after the company said that a few plants belonging to the essential goods value chain in the Dahej chemicals complex in Gujarat have resumed operations after permissions from local authorities.
The company said its other plants will commence operations as and when permissions from local authorities are received. The management continues to monitor the situation closely and is taking appropriate actions as per directions from local, state government and central government authorities, SRF announced after market hours on Thursday, 9 April 2020.SRF's consolidated net profit soared 107% to Rs 342.99 crore in Q3 December 2019 (Q3 FY20) as against Rs 165.71 crore reported in Q3 December 2018 (Q3 FY19), primarily on account of lower tax expenses. Net sales rose 3.1% year-on-year (YoY) to Rs 1,807.45 crore in Q3 FY20.
SRF is engaged in manufacturing of chemicals and polymers, technical textiles and packaging films. As of 31 December 2019, the company has applied for 190 patents, with 8 patents applied during this quarter. It has been granted sixty patents globally till date.
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