NSE: SRF · 23 October 2026
- SRF Ltd (SRF) shares declined 1.13% on October 23, 2026, closing at ₹2,304.30 compared to its previous close of ₹2,330.60. The stock traded within a day's range of ₹2,298.00 and ₹2,391.70.
- SRF Limited announced its unaudited financial results for the quarter and half year ended September 30, 2026, reporting a consolidated quarterly revenue of ₹4,904.2 crore, up 35% compared to ₹3,640.2 crore in the corresponding period last year. Operational EBIT increased 26% to ₹816.0 crore, while Profit after Tax grew 31% to ₹509.1 crore. Segment-wise, the Chemicals Business revenue rose 25% to ₹2,079.5 crore, Performance Films & Foil grew 51% to ₹2,122.4 crore, and Technical Textiles advanced 25% to ₹595.1 crore.
- Trading volume was 1.49 times the 20-day average daily volume.
Why is SRF share price falling on 23 October 2026?
SRF Ltd (SRF) shares declined 1.13% on October 23, 2026, closing at ₹2,304.30 compared to its previous close of ₹2,330.60. The stock traded within a day's range of ₹2,298.00 and ₹2,391.70.
The broader market also experienced downward pressure, with the Nifty falling 0.90%. SRF's decline aligns with its recent negative momentum, reflected in a 7.56% drop over the past 5 trading days and a 9.64% pullback over the last 20 trading days.
The ongoing market movement follows SRF's recent second-quarter financial disclosures for the period ended September 30, 2026, which reported a consolidated revenue increase of 35% year-over-year to ₹4,904.2 crore and a 31% rise in profit after tax to ₹509.1 crore. While the company posted robust top-line growth and announced a ₹600 crore capex approval for a battery-grade aluminium foil manufacturing facility, business media reports highlighted persistent investor scrutiny regarding segment margins and near-term profitability outlooks amid elevated input costs.
4.64 lakh shares traded by 23 October 2026 · 03:00 PM IST. This compares with a 20-day average daily volume of 3.11 lakh shares (1.49 times). The five-day average daily volume was 6.67 lakh shares. Separately, the NSE report for 22 October 2026 showed 6.66 lakh shares delivered, representing 34.78% of that day’s traded volume. The same report recorded 142,769 trades.
SRF's 1.13% decline coincided with broader weakness in the Nifty index and followed recent quarterly results volatility and media commentary on segment margins. Higher-than-average volume indicates active participation, though no single direct same-day catalyst caused the move.
Latest Company Developments
SRF Limited announced its unaudited financial results for the quarter and half year ended September 30, 2026, reporting a consolidated quarterly revenue of ₹4,904.2 crore, up 35% compared to ₹3,640.2 crore in the corresponding period last year. Operational EBIT increased 26% to ₹816.0 crore, while Profit after Tax grew 31% to ₹509.1 crore. Segment-wise, the Chemicals Business revenue rose 25% to ₹2,079.5 crore, Performance Films & Foil grew 51% to ₹2,122.4 crore, and Technical Textiles advanced 25% to ₹595.1 crore.
Comprehensive quarterly earnings data provides baseline visibility into revenue scale, margin trajectories, and segment-level contributions across the company's chemical and packaging portfolios.
The Board of Directors approved an investment of approximately ₹600 crore to establish a manufacturing facility for battery-grade aluminium foil through its wholly owned subsidiary, SRF Altech Limited, located in Jetapur, Madhya Pradesh. The project will be executed in two phases of ₹300 crore each, targeting a capacity of 12,000 MTPA to cater to lithium-ion and sodium-ion battery applications in the energy storage and EV sectors, with Phase I slated for completion by September 2028 and Phase II by September 2030.
This capital expenditure marks a strategic expansion into sunrise sectors tied to electric mobility and energy storage infrastructure.
The company announced the appointment of Mrs. Jyothsana Vasudevan as President & CHRO, Senior Management Personnel, effective October 5, 2026, following the recommendation of the Nomination and Remuneration Committee. Mrs. Vasudevan brings over 24 years of human resources experience across manufacturing, renewable energy, and technology sectors, succeeding Ms. Geeta Shamrao Jadhav.
Leadership transitions in key senior management roles shape internal governance and organizational execution during structural transformation phases.
a press release dated October 21, 2026, titled "Press release".
SRF Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 13.60% on 30 September 2026. This compares with 13.47% on 30 June 2026, a change of +0.13 percentage points.
The filing reported 37 MF/UTI holders.
Research & Brokerage Views
Maintained a favorable view on the broader sectoral positioning and growth outlook.
What to Watch Next
- Execution progress and milestone timelines for the newly approved ₹600 crore battery-grade aluminium foil project at Jetapur
- Demand recovery trends in the Specialty Chemicals and Fluorochemicals segments across domestic and export markets
- Volume and delivery participation relative to the 20-day average volume benchmark
- Quarterly margin performance and raw material cost pass-through efficacy in upcoming financial updates
Other Dated Coverage
- SRF Share Price Today: Why SRF Is Rising 1.11% | 22 October 2026 — 22 October 2026
- SRF Share Price Today: Why SRF Is Falling 1.57% | 19 October 2026 — 19 October 2026
- SRF Share Price Today: Why SRF Is Falling 0.40% | 7 October 2026 — 7 October 2026
More SRF news and dated analysis →
Frequently Asked Questions
What is the latest SRF company news?
SRF Limited announced its unaudited financial results for the quarter and half year ended September 30, 2026, reporting a consolidated quarterly revenue of ₹4,904.2 crore, up 35% compared to ₹3,640.2 crore in the corresponding period last year. Operational EBIT increased 26% to ₹816.0 crore, while Profit after Tax grew 31% to ₹509.1 crore. Segment-wise, the Chemicals Business revenue rose 25% to ₹2,079.5 crore, Performance Films & Foil grew 51% to ₹2,122.4 crore, and Technical Textiles advanced 25% to ₹595.1 crore.
How strong was SRF’s trading volume?
4.64 lakh shares traded, 1.49 times the 20-day average daily volume. The price and volume data are dated 23 October 2026 · 03:00 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.