Southern Petrochemical Industries Corporation Limited has informed the Exchange regarding Outcome of Board Meeting held on May 08, 2025.
SPIC · price
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Awaiting price reaction for this filing.
SPIC reported audited FY25 standalone revenue of Rs. 3,086.33 crores, up ~59% from Rs. 1,943.86 crores in FY24, driven by full-year operations after the FY24 flood-related shutdown. Standalone net profit jumped to Rs. 130.84 crores (vs Rs. 87.91 crores in FY24), with consolidated PAT at Rs. 155.62 crores. EPS rose to Rs. 6.43 standalone and Rs. 7.64 consolidated. The board recommended a Rs. 2 per share dividend (20%) subject to AGM approval. Statutory auditors MSKA & Associates issued an unmodified (clean) opinion on both standalone and consolidated results. The board also appointed an IAS officer as TIDCO nominee director and a new secretarial auditor for five years (FY26–FY30).
Strong top-line and earnings rebound on plant normalization is positive for shareholders, supported by the 20% dividend and a clean audit report. However, the sharp swing to negative operating cash flow (Rs. -37.95 cr vs Rs. +227.41 cr last year) and rising debt (total borrowings up to ~Rs. 716 cr from ~Rs. 464 cr) suggest working capital stress and higher financing needs, which may weigh on near-term sentiment despite the strong reported profit.