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SRF surges 12% after posting strong numbers in June quarter

The company reported a healthy 41 per cent growth in consolidated net profit at Rs 189 crore in June quarter on strong performance by packaging film business.

SRF
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SI Reporter Mumbai
SRF shares surged 12 per cent to Rs 2,888 in Thursday's early morning deal on the BSE after the company reported a healthy 41 per cent growth in consolidated net profit at Rs 189 crore in the June quarter (Q1FY20) on strong performance by packaging film business. It had a profit of Rs 134 crore in the year-ago quarter.

The company's consolidated revenue during the quarter grew by 9 per cent from Rs 1,676 crore to Rs 1,828 crore in Q1FY20 when compared with corresponding period last year. EBITDA (earnings before interest, tax, depreciation and amortization) margin improved 400bps at

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