SRF Q3 Profit Jumps 60%, Beats Estimates Despite Labour Code Impact; Dividend Declared

• SRF Ltd reported a 59.7% year-on-year increase in net profit to ₹432.7 crore for Q3, surpassing CNBC-TV18 estimates.
• Revenue grew by 6.3% to ₹3,712.5 crore, and EBITDA rose 26% to ₹780 crore, with a margin of 21%.
• The company faced a ₹73.24 crore impact from new labour codes, affecting profitability, yet still outperformed expectations.
• Specialty chemicals business saw muted performance due to aggressive Chinese pricing and deferred customer offtake.
• An interim dividend of 50% (₹5 per share) was declared, and Samir Kashyap was appointed as President and CFO.

Why It Matters: SRF's Q3 profit surged, beating estimates despite labour code challenges, though its specialty chemicals segment struggled.