BOM:503806

Prabhudas Lilladher Downgrades SRF to Reduce from Hold; Price Target is INR2,579

Jefferies Adjusts SRF's Price Target to INR2,450 From INR2,640, Keeps at Underperform

SRF (NSE:SRF, BOM:503806) has an average rating of hold and mean price target of 2,986.56 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

SRF's Consolidated Net Profit Climbs in Fiscal Q4

SRF's (NSE:SRF, BOM:503806) consolidated net profit rose to 5.82 billion Indian rupees in the fiscal fourth quarter ended March 31, from 5.26 billion rupees a year ago.Earnings per share came in at 19.63 rupees from 17.75 rupees a year earlier, the chemicals manufacturer said in a filing to the Indian stock exchanges on Tuesday. The EPS was lower than the 20.74 rupees estimated by the analysts polled by Visible Alpha.Revenue from operations in fiscal Q4 increased to 46.2 billion rupees from 43.1 billion rupees a year ago.