Southern Petrochemical's Quarterly Net Profit Surges to Rs 5.4 Billion
2026-02-16 11:15
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Southern Petrochemical Industries Corporation Ltd. recently announced its financial results for the October-December 2025 quarter, reporting a consolidated net profit after tax of Rs 5.407 billion. This marks a significant increase compared to Rs 3.850 billion in the same period of the previous fiscal year. The company, which focuses on agri-nutrients and fertilizers, demonstrated strong performance growth, with its net profit after tax for the nine months ended December 31, 2025, rising sharply to Rs 18.201 billion from Rs 13.622 billion in the corresponding period last year.

In terms of revenue, the total operating income for the quarter was Rs 77.839 billion, slightly lower than Rs 82.323 billion in the same quarter last year. However, for the nine months ended December 31, 2025, the company's total income increased to Rs 241.936 billion from Rs 234.082 billion, indicating overall stable performance. SPIC's financials also included other income of Rs 2.010 billion, which the company stated is related to a claim filed with insurance companies for profit loss due to a shutdown from December 2023 to March 2024 caused by floods.

Commenting on the performance, SPIC Chairman Ashwin Muthiah said in a company statement, "The results for the quarter clearly reflect the company's focus on performance-driven growth. From using natural gas as a feedstock to producing environmentally friendly products, we remain committed to sustainable, cost-effective production to serve our farming community. Our future strategy continues to align with the government's initiatives on organic and natural farm inputs."

Furthermore, SPIC announced a key personnel change, with Key Managerial Personnel K R Anandhan being promoted immediately as Whole-time Director (Finance) & Chief Financial Officer. He will be appointed as an Additional Director on the company's Board, with his appointment for a three-year term to be submitted for shareholder approval. This further strengthens the company's governance structure and supports its ongoing performance growth objectives.

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