SPIC Profits Surge 74% in Q2 2025 as Fertilizer Demand Rises

On November 17, 2025, Chennai-based agri-nutrient and fertilizer company Southern Petrochemical Industries Corporation Ltd (SPIC) reported a strong financial performance for the second quarter ended September 2025. The company's profit after tax (PAT) increased by 74% to ₹61 crore, up from ₹35 crore in the corresponding period last year. Revenue from operations also rose to ₹817 crore, compared to ₹760 crore in the same quarter of the previous financial year.

For the first half of the current fiscal year, SPIC's PAT stood at ₹127 crore, up from ₹97 crore in the same period last year. Revenue from operations increased to ₹1,598 crore, up from ₹1,514 crore. The company also received an insurance claim of ₹55 crore towards damages due to floods, and an additional ₹20 crore for loss of profits when operations were shut down from December 2023 to March 2024 due to the same floods.

Commenting on the results, Ashwin Muthiah, Chairman of SPIC, said the increase in turnover and significant improvement in profitability demonstrate the company's disciplined execution and focus on profitable growth. The company also highlighted the progress in India's fertilizer landscape, with increased fertilizer consumption due to a rise in the area under cultivation and a reduction in GST, which has driven the consumption of essential agrochemicals.