SRF posts 82 pct growth in Q4 PAT at Rs. 109 crore

SRF posts 82 pct growth in Q4 PAT at Rs. 109 crore

Submitted by alvin on Wed, 2016-05-11 12:11 New Delhi: SRF Ltd, a multi-business entity engaged in the manufacture of chemical based industrial intermediates, reported 82 percent increase in its consolidated net profit after tax (PAT) at Rs. 109 crore for the quarter ended March 31, 2016 as against Rs. 60 crore posted in the year ago period.The company's consolidated EBIDTA at Rs. 234 crore for the fourth quarter of 2015-16 also increased by 43 percent over the corresponding period last year (CPLY). The consolidated net sales of the company grew by 3 percent at Rs. 1093 crore during the quarter. SRF's audited results were approved by the Board of Directors in a meeting held this afternoon.Consolidated Annual ResultsSRF posted 40 percent growth in consolidated net profit after tax ( PAT) at Rs. 423 crore for the fiscal ended March 31, 2016 even as the net sales of the company grew only marginally from Rs. 4492 crore in 2014-15 to Rs. 4531 crore in 2015-16. The consolidated EBIDTA of the company also improved by 26 percent from Rs. 791 crore during 2014-15 to Rs. 999 crore during 2015-16.MD's CommentsReflecting on the results, Ashish Bharat Ram, Managing Director, SRF, said, "In spite of a weak economic environment globally, it has been an excellent year for the company. Our stated objective of transforming SRF into a technology