Chemicals producer SRF Ltd on Wednesday reported a 31 per cent increase in consolidated net profit to ₹509.12 crore for the quarter ended September on better income and announced an investment of ₹600 crore to set up a battery-grade aluminium foil manufacturing plant in Madhya Pradesh.

Its net profit stood at ₹388.18 crore in the year-ago period.

Total income rose to ₹4,929.14 crore in the second quarter of this fiscal from ₹3,665.90 crore in the year-ago period, according to a regulatory filing.

During the first half of this fiscal, the company's net profit grew to ₹1,267.99 crore from ₹820.50 crore in the year-ago period.

Total income increased to ₹9,996.31crore in the first six months of FY27 from ₹7,513.64 crore in the corresponding period of the preceding financial year.

SRF Ltd Chairman and Managing Director, Ashish Bharat Ram said, “Our Businesses have delivered a strong performance, despite an uncertain and volatile global environment. Most importantly, our capex investments targeting opportunities in sunrise sectors remain extremely robust, positioning us well for the future.”

The company's board approved an investment of about ₹600 crore to establish a battery-grade aluminium foil manufacturing facility in India.

The proposed facility will have a total capacity of 12,000 tonnes per annum. It will cater to both lithium-ion (Li-ion) and sodium-ion (Na-ion) battery applications, supporting the growing requirements of the energy storage and electric mobility sectors.

“The investment is proposed to be undertaken in two phases, with an estimated project cost of ₹300 crore for each phase. Phase I is expected to be completed by September 2028, followed by Phase II by September 2030,” the filing said.

The proposed facility will be established at the existing site of its subsidiary SRF Altech Ltd at Jetapur in Madhya Pradesh.

SRF Ltd has a diversified business portfolio covering Fluorochemicals, Speciality Chemicals, Performance Films & Foil, Technical Textiles, and Coated and Laminated Fabrics.

The company has 16 manufacturing facilities – 13 in India and one each in Thailand, South Africa and Hungary.

SRF has a workforce of over 9,500 employees. It exports to more than 90 countries.

Published on October 21, 2026