Also trades as: SRF.NS (NSE) · $vol 11M

₹2,458.85 ($25.54)

-31.15 (-1.25%)

BSE · Basic Materials · Chemicals - Specialty · Tech Score Strong Sell · Power 32 · ₹744.7B mcap · 271M float · 0.015% daily turnover

Revenue

$154.2B +4.9% ▲

5Y CAGR: +12.9%

Gross Profit

$76.2B +14.7% ▲

5Y CAGR: +12.8%

Operating Income

$27.5B -49.3% ▼

5Y CAGR: -4.4%

Net Income

$18.4B +46.7% ▲

5Y CAGR: +8.9%

EPS (Diluted)

$61.91 +46.7% ▲

5Y CAGR: +8.8%

EBITDA

$34.3B +22.1% ▲

5Y CAGR: +10.1%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$124.3B	$148.7B	$131.4B	$146.9B	$154.2B
YoY Growth	+48.0%	+19.6%	-11.6%	+11.8%	+4.9%
Cost of Revenue	$63.2B	$76.8B	$70.4B	$80.5B	$78.0B
Gross Profit	$61.1B	$71.9B	$61.0B	$66.4B	$76.2B
Gross Margin	49.2%	48.4%	46.4%	45.2%	49.4%
R&D Expenses	$1.1B	$1.2B	$1.3B	$1.4B	$0
SG&A Expenses	$8.1B	$8.5B	$9.8B	$10.9B	$0
Operating Expenses	$9.2B	$9.8B	$11.0B	$12.2B	$48.7B
Operating Income	$51.9B	$62.2B	$50.0B	$54.2B	$27.5B
Operating Margin	41.8%	41.8%	38.0%	36.9%	17.8%
Interest Expense	$1.0B	$1.8B	$2.8B	$3.7B	$2.8B
Income Before Tax	$25.9B	$28.2B	$16.9B	$17.0B	$23.0B
Tax Expense	$7.0B	$6.6B	$3.6B	$4.5B	$4.7B
Net Income	$18.9B	$21.6B	$13.4B	$12.5B	$18.4B
Net Margin	15.2%	14.5%	10.2%	8.5%	11.9%
EPS (Diluted)	$63.75	$72.95	$45.06	$42.20	$61.91
EBITDA	$30.9B	$35.0B	$26.3B	$28.1B	$34.3B
Shares Outstanding	296M	296M	296M	296M	296M

Line Item	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4
Revenue	$34.6B	$34.2B	$34.9B	$43.1B	$38.2B	$36.4B	$37.1B	$45.3B
Cost of Revenue	$21.7B	$21.8B	$21.4B	$15.7B	$22.7B	$26.0B	$26.6B	$22.8B
Gross Profit	$13.0B	$12.5B	$13.5B	$27.4B	$15.5B	$10.4B	$10.5B	$22.5B
Gross Margin	37.4%	36.4%	38.8%	63.6%	40.5%	28.6%	28.4%	49.6%
R&D Expenses	$0	$0	$0	$1.4B	$0	$0	$0	$0
SG&A Expenses	$2.5B	$2.5B	$2.6B	$3.2B	$2.8B	$4.5B	$0	$0
Operating Expenses	$2.5B	$2.5B	$2.6B	$4.6B	$2.8B	$4.5B	$4.5B	$13.2B
Operating Income	$10.4B	$9.9B	$10.9B	$22.9B	$12.7B	$5.9B	$6.0B	$9.3B
Operating Margin	30.1%	29.0%	31.3%	53.1%	33.2%	16.3%	16.2%	20.6%
Interest Expense	$965M	$938M	$962M	$894M	$799M	$707M	$655M	$620M
Income Before Tax	$3.4B	$2.8B	$3.7B	$7.1B	$5.8B	$5.2B	$4.5B	$7.6B
Tax Expense	$918M	$822M	$976M	$1.8B	$1.4B	$1.3B	$190M	$1.8B
Net Income	$2.5B	$2.0B	$2.7B	$5.3B	$4.3B	$3.9B	$4.3B	$5.8B
Net Margin	7.3%	5.9%	7.8%	12.2%	11.3%	10.7%	11.7%	12.8%
EPS (Diluted)	$8.51	$6.79	$9.15	$17.75	$14.58	$13.10	$14.60	$19.63
EBITDA	$5.9B	$5.6B	$6.2B	$10.0B	$8.0B	$8.0B	$7.3B	$10.4B
Shares Outstanding	296M	297M	296M	296M	297M	296M	296M	296M

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