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SPIC Profit Soars 40% Amidst Operational Shifts
14 Feb
Summary
- SPIC's Q3 net profit rose to ₹54.07 crore.
- Nine-month profit surged to ₹182.01 crore.
- Company aligns strategy with government's agri-inputs initiative.
Southern Petrochemicals Industries Corporation Ltd (SPIC) announced robust financial results for the third quarter of the 2025 financial year. The company achieved a consolidated net profit after tax of ₹54.07 crore for the period ending December 31, 2025, an improvement from ₹38.50 crore in the corresponding quarter of the previous year.
For the cumulative nine months ending December 31, 2025, SPIC's net profit after tax saw a substantial increase, rising to ₹182.01 crore compared to ₹136.22 crore in the year-ago period. The company reported that ₹20.10 crore of its other income for this nine-month period relates to an insurance claim for lost profits due to operational shutdowns caused by floods in December 2023 to March 2024.
Despite a decrease in total income from operations for the quarter to ₹778.39 crore from ₹823.23 crore year-on-year, the nine-month income grew to ₹2,419.36 crore from ₹2,340.82 crore. SPIC Chairman Ashwin Muthiah emphasized the company's commitment to sustainable, cost-efficient production and alignment with government initiatives for organic and natural agri-inputs.
In organizational news, K R Anandan has been promoted to Whole-time Director (Finance) and Chief Financial Officer, effective immediately. His appointment for a three-year term requires shareholder approval.
