Southern Petrochemicals Industries Corporation Ltd has informed BSE about : <BR><BR>1. Standalone Financial Results for the period ended March 31, 2026<BR><BR>2. Consolidated Financial ....
SPIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Southern Petrochemicals Industries Corporation (SPIC) reported standalone net profit of Rs. 186.16 crore for FY26, up 42% from Rs. 130.84 crore in FY25. However, revenue from operations declined 4.2% to Rs. 2,955.97 crore from Rs. 3,086.33 crore. The profit improvement was driven by lower finance costs (Rs. 28.42 crore vs Rs. 55.04 crore) and better operating efficiency. EBITDA margin expanded significantly from ~32% to ~41%. The Board recommended a 20% dividend (Rs. 2 per share). The company also announced a CFO change: Mr. Narasimhan Raghunathan appointed as CFO effective May 23, 2026, succeeding Mr. KR Anandan. Capital work-in-progress nearly quadrupled to Rs. 447.64 crore, indicating major expansion underway. The statutory auditors issued an unmodified (clean) opinion on both standalone and consolidated results.
Positive for shareholders: PAT grew 42% despite revenue decline, margin expanded substantially, and dividend was maintained. The CFO transition and heavy capex (capital work-in-progress) suggest strategic focus on growth. Clean audit opinion removes any immediate concern.