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SRF gains 1% on ₹1,500 cr expansion despite Q2 PAT decline
short by System User / on Tuesday, 22 October, 2024
SRF Limited shares surged 1% to ₹2,299.95, after the Board approved cap explains of over ₹1,500 crore to establish new manufacturing facilities for refrigerants and BOPP-BOPE film line. It also reported Q2FY25 results with a decline in PAT by 20% QoQ and 33% YoY, while the revenue from operations fell 1% QoQ but grew by 8% YoY.
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