The result was announced after market hours yesterday, 17 May 2018.

Meanwhile, the S&P BSE Sensex was down 172.29 points, or 0.49% to 34,976.83.

On the BSE, 38,000 shares were traded in the counter so far compared with average daily volumes of 5,773 shares in the past two weeks. The stock had hit a high of Rs 2,219.45 and a low of Rs 1,997.20 so far during the day. The stock hit a record high of Rs 2,443 on 30 April 2018. The stock hit a 52-week low of Rs 1,420 on 9 August 2017.

SRF is a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates. The company's diversified business portfolio covers technical textiles, fluorochemicals, specialty chemicals, packaging films and engineering plastics.

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The Board of SRF at its meeting held on 17 May 2018 has approved issuance of 60,000 equity shares of the Company at par under SRF Long Term Share Based Incentives Plan (SRF LTIP). The Allotment of shares will be undertaken by the Nomination and Remuneration Committee after the receipt of in-principle listing approval from the Stock Exchanges.

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Net profit of SRF rose 21.09% to Rs 131.22 crore in the quarter ended December 2017 as against Rs 108.37 crore during the previous quarter ended December 2016. Sales rose 23.54% to Rs 1378.20 crore in the quarter ended December 2017 as against Rs 1115.58 crore during the previous quarter ended December 2016.

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SRF announced that the Board of Directors of the Company at its meeting held on 7 February 2018, inter alia, have recommended the Interim Dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.

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