Southern Petrochemical Industries Corporation Limited has informed the Exchange regarding Board meeting held on August 14, 2025.
SPIC · price
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SPIC announced Q1 FY26 (quarter ended June 30, 2025) unaudited results. Standalone revenue from operations rose to Rs. 780.63 Cr from Rs. 754.34 Cr YoY (~3.5% growth), while standalone net profit increased to Rs. 58.27 Cr from Rs. 51.35 Cr (~13.5% growth). Consolidated net profit stood at Rs. 66.71 Cr vs Rs. 62.55 Cr. The standalone EPS came in at Rs. 2.86 (vs Rs. 2.52), and consolidated EPS at Rs. 3.28 (vs Rs. 3.07). The Urea plant operated for 91 days, producing 1.92 lakh MT and selling 1.86 lakh MT. Subsidy of Rs. 651.96 Cr was booked on a provisional retention price basis. Other income included Rs. 14.89 Cr as compensation from an equipment transfer. The board appointed Thiru. V Dakshinamoorthy, IAS (TIDCO nominee) as Additional Director, fixed September 23, 2025 for the 54th AGM, and set September 16, 2025 as the record date for a Rs. 2.00 per share dividend for FY25.
Results show modest topline growth and improved profitability driven by higher other income; clean auditor review report (unmodified) supports credibility. Dividend announcement and stable urea operations are positive for shareholders, though subsidy dependence and the pending lease renewal remain watch points.