In 2022, SRF had said they will be doing capex of 15000 crore between FY 2024-2028, out of which 12000-13000 was towards chemical, how much of it has been incurred and how much is left?
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Results Out, key concern is drop in OPM% across the segments. Refer the calculations below:
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Technical Textiles Business (TTB):
Q2’23: (74.95 / 506.15) * 100 = 14.81%
Q2’24: (71.34 / 535.53) * 100 = 13.31% -
Chemicals Business (CB):
Q2’23: (347.77 / 1426.30) * 100 = 24.38%
Q2’24: (246.14 / 1357.79) * 100 = 18.13% -
Packaging Film Business (PFB):
Q2’23: (77.26 / 1121.51) * 100 = 6.89%
Q2’24: (82.81 / 1420.59) * 100 = 5.83% -
Others:
Q2’23: (33.09 / 126.86) * 100 = 26.08%
Q2’24: (17.19 / 112.81) * 100 = 15.24%
Disc. : Holding through Kama Holdings, waiting for management commentary.
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20% Up in last 3 days, SRF, Navin Fluorine shares rally 14% as refrigerant gas price increase
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