SRF Share Price: Sharekhan maintains Buy rating with Price target of Rs 8100
SRF Share price: Sharekhan says that SRF Q4FY2021 results were significantly ahead of estimates with a big beat of 17% in revenues at Rs. 2,608 crore (up 40.4% yoy; up 21.5% qoq). Robust revenue growth reflects strong demand traction across businesses and the same is clearly visible in the 31%/63%/26% y-o-y rise in revenues of chemical/ packaging/technical textiles segments to Rs. 1,153 crore/Rs. 980 crore/Rs. 401 crore
Sharekhan added that Adjusted PAT at Rs. 372 crore (up 68.3% yoy; up 23% qoq) was 21%/15% above our and consensus estimate led by strong performance from the chemical and technical textiles: Reuters