SPIC Profit Jumps Despite Revenue Dip

Southern Petrochemical Industries Corporation Ltd. (SPIC) delivered a strong earnings performance in the fourth quarter of FY26, with its consolidated net profit rising 51.5% year-on-year to ₹29.49 crore, showcasing improved operational efficiency and stronger contributions from associated investments. Despite a decline in revenue from operations to ₹584.15 crore, compared to ₹754.37 crore in the same quarter last year, SPIC managed to improve profitability through better cost management and enhanced operational execution. Total income for the quarter stood at ₹595.73 crore. The company’s fertilizer operations remained steady, with urea production reaching 1.48 lakh metric tonnes and sales touching 1.43 lakh metric tonnes during the quarter. SPIC also recognised ₹450.33 crore as subsidy income, which supported its financial performance. Profit before tax surged 53.7% year-on-year to ₹45.98 crore, indicating that the company’s core business efficiency and strategic financial management helped offset pressure from lower revenues. For the full financial year FY26, SPIC reported a 36% rise in consolidated net profit to ₹211.48 crore, underlining consistent growth momentum. Revenue from operations for the year stood at ₹2,955.97 crore, while the board also recommended a ₹2 dividend per equity share. SPIC’s latest performance highlights how the company has maintained profitability through operational discipline and strong fertilizer segment execution, despite challenges in the broader market environment. The results reinforce investor confidence in SPIC’s ability to deliver resilient earnings growth in the fertilizer and petrochemical space.