Southern Petrochemical Industries Corporation Limited has informed the Exchange regarding a press release dated February 13, 2026, titled "Unaudited Financial Results for the third quarter and nine months ended 31st December 2025".
SPIC · price
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Awaiting price reaction for this filing.
SPIC reported 9M FY26 revenue from operations of Rs. 2,371.81 crore, nearly flat against Rs. 2,331.96 crore in the same period last year. Profit before exceptional items rose to Rs. 244.74 crore from Rs. 182.02 crore, a roughly 34% jump driven largely by a Rs. 20.10 crore insurance claim for flood-related shutdown losses. Q3 FY26 revenue declined to Rs. 773 crore from Rs. 818 crore a year ago, while Q3 PBT improved to Rs. 74 crore from Rs. 54 crore. The company appointed Mr. Manikkan Sangameswaran as an Independent Director and elevated CFO Mr. K R Anandan to Whole-time Director (Finance) and CFO, both effective 13 February 2026.
Profitability improved meaningfully on better margins and one-time insurance income, even as Q3 sales dipped slightly. Board-level changes signal management continuity rather than disruption; broadly neutral-to-mildly positive for shareholders.