Southern Petrochemicals Industries Corporation Ltd has informed BSE regarding Outcome of Board Meeting held on May 22, 2026.
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Southern Petrochemicals Industries Corporation Ltd reported audited financial results for FY 2025-26 (year ended March 31, 2026). Consolidated revenue from operations declined to Rs. 2,955.97 Cr from Rs. 3,086.33 Cr in the previous year (approximately 4.2% decline). However, net profit after tax surged significantly to Rs. 211.48 Cr from Rs. 155.62 Cr (36% growth), while standalone PAT grew to Rs. 186.16 Cr from Rs. 130.84 Cr (42% growth). Consolidated EPS improved to Rs. 10.39 from Rs. 7.64. The Board recommended a dividend of 20% (Rs. 2 per share) subject to shareholder approval. Additionally, Mr. Narasimhan Raghunathan was appointed as the new Chief Financial Officer effective May 23, 2026, succeeding Mr. K R Anandan who will focus on business growth as Whole-Time Director. The statutory auditor issued an unmodified opinion on both standalone and consolidated financial results.
Despite a revenue decline, strong profit growth and margin expansion indicate improved operational efficiency. The dividend recommendation and clean audit opinion are positive signals for shareholders.