Consolidated net profit after tax stood at 3.01 billion rupees ($36.2 million) for the July-September, compared with 4.81 billion rupees a year ago.

Total revenue from operations fell nearly 15% to 31.21 billion rupees.

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KEY CONTEXT

Indian chemical companies have seen a slump in global demand amid falling crop prices and lower rates of Chinese supplies.

Rival Coromandel International on Thursday reported a fall in September quarter profit, as demand for its fertilizers and nutrients plummeted.

PEER COMPARISON

Valuation (next 12 months) Estimates (next 12 Analysts' sentiment

months)

RIC PE EV/EBITDA Revenue profit Mean Number Stock to Div

growth growth rating of price target yield

analyst (%)

s

SRF Ltd 27.57 16.54 10.21 8.61 BUY 25 0.81 0.38

Coromandel International Ltd 14.34 9.73 -3.61 5.68 STRONG 9 0.88 1.12

BUY

Deepak Fertilisers and Petrochemicals 8.73 6.46 3.84 NULL BUY 1 0.90 1.62

Corp Ltd

PI Industries Ltd 29.38 21.36 21.32 20.58 BUY 23 0.78 0.30

* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JULY-SEPT STOCK PERFORMANCE

-- All data from Refinitiv

-- $1 = 83.1860 rupees

($1 = 83.1980 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Nivedita Bhattacharjee)