Southern Petrochemical Industries Corporation Limited has submitted to the Exchange, the Unaudited financial results for the quarter and nine months ended December 31, 2025.
SPIC · price
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SPIC reported a strong profit growth for the third quarter ended December 2025. Standalone net profit jumped to Rs. 48.64 crores in Q3 (up ~37% from Rs. 35.39 crores in Q3 FY25) and to Rs. 160.02 crores for nine months (up ~36% from Rs. 117.75 crores). Q3 standalone revenue from operations, however, declined about 5% to Rs. 773.89 crores, while nine-month revenue rose modestly to Rs. 2,371.81 crores. Operating profit (PBT) rose sharply to Rs. 74.33 crores in Q3 from Rs. 54.59 crores, helped by much lower finance costs (Rs. 4.66 crores vs Rs. 20.60 crores) and other income that included a Rs. 20.10 crore insurance claim for flood-related losses. The Urea plant operated for 92 days, producing 1.89 lakh MT and selling 1.85 lakh MT. The company also appointed Mr. Manikkan Sangameswaran as an Independent Director and elevated existing CFO Mr. K R Anandan to Whole-time Director (Finance) & CFO.
Sharp PAT growth and falling finance costs signal improving profitability for shareholders, though the dip in quarterly revenue is a watch point. Board strengthening with an independent director and elevation of the CFO add governance stability. Subsidy continues to be booked on provisional rates, so final government pricing could affect future numbers.