National Stock Exchange of India Ltd.
"Exchange Plaza"
Bandra-Kurla Complex
Bandra (E)
Mumbai - 400 051.

SRF/SEC-A/16                                                                                                 23.05.2005


Dear Sir,

Financial Results for the year ended 31.3.2005


In compliance with the Listing requirements, we give below the financial results for the year ended 31st March, 2005 considered by the Board at its meeting held on 23.05.2005.



Rs/Cr

Particulars Year ended 31.3.2005 Year ended 31.3.2004
Turnover including conversion & other income 1077.03 832.92
Gross Profit (Earnings before depreciation, interest & tax) 160.98 143.30
Interest 24.74 21.84
Depreciation 51.93 48.96
Tax provision (Including Deferred Tax Liability) 24.26 30.89
Net profit available for appropriation 60.05 41.61
Profit brought forward 43.10 24.69
Dividend on Equity Shares 16.13 16.13
Corporate tax on Dividend 2.26 2.07
Transfer to General Reserve 6.50 5.00
Balance in Profit & Loss Account 78.26 43.10


The Board of Directors have recommended a dividend @ 25% i.e. Rs.2.50 per share on the equity share capital of the Company.

Previous year figures have been regrouped and rearranged wherever necessary to conform to current year classification.


Thanking you,

Yours faithfully,
for
SRF LIMITED


Anoop K. Joshi
Company Secretary