Southern Petrochemicals Industries Corporation Limited has informed the Exchange regarding a press release dated May 22, 2026, titled ""Audited Financial Results for the fourth quarter and year ended 31st March 2026".
SPIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SPIC reported annual total income of INR 3015.10 crores for FY 2025-26, down from INR 3100.25 crores in the prior year, marking a marginal revenue decline. Despite lower sales, the company achieved a significant profit turnaround with net profit rising to INR 286.55 crores from INR 202.66 crores in the previous year. For Q4 alone, income dropped to INR 595.73 crores from INR 759.44 crores year-on-year, yet profit improved to INR 41.82 crores from INR 20.64 crores. The board recommended a dividend of 20% (Rs. 2 per share) subject to shareholder approval. Management attributed the profit growth to efficient cost control and prudent raw-material sourcing despite a scheduled plant maintenance shutdown of over two weeks.
The company demonstrated strong cost efficiency and margin improvement despite top-line pressure, which is positive for profitability sustainability. However, the revenue decline in a challenging fertilizer sector environment warrants monitoring.