Southern Petrochemicals Industries Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 22, 2026, inter alia, have recommended a Dividend ....
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The Board of Directors recommended a dividend of Rs. 2 per share (20% on face value of Rs. 10) for FY2025-26, subject to shareholder approval at the 55th AGM. For the year ended March 2026, standalone revenue was Rs. 2,955.97 crore (down from Rs. 3,086.33 crore), but net profit jumped 42% to Rs. 186.16 crore from Rs. 130.84 crore, driven by lower finance costs and higher other income. Consolidated net profit was Rs. 211.48 crore. EPS improved to Rs. 9.14 (standalone) and Rs. 10.39 (consolidated). The company also appointed Mr. Narasimhan Raghunathan as CFO effective May 23, 2026, succeeding Mr. K R Anandan who continues as Whole-Time Director. The statutory auditor issued an unmodified (clean) opinion on the financial results.
Strong profit growth and clean audit are positive signals for shareholders. The dividend payout remains at 20%, indicating consistent shareholder returns. The CFO transition is routine and not a concern.