Southern Petrochemical Industries Corporation Ltd. on Friday reported a consolidated net profit of ₹29.49 crore for the quarter ended March 2026, registering a growth of 51.5% year-on-year compared with ₹19.47 crore in the corresponding quarter last year, aided by operational efficiencies.
Consolidated profit before tax rose 53.7% YoY to ₹45.98 crore from ₹29.91 crore in the year-ago period. Revenue from operations stood at ₹584.15 crore during the quarter compared with ₹754.37 crore in the corresponding period last year. Total income for the quarter was ₹595.73 crore, while profit from operations before share of profit from equity-accounted investees and tax stood at ₹41.82 crore.
Standalone Performance
On a standalone basis, the company reported a net profit of ₹26.15 crore for the March quarter compared with ₹13.09 crore in the corresponding period last year. Standalone profit before tax stood at ₹41.82 crore against ₹20.64 crore a year ago. Standalone revenue from operations stood at ₹584.15 crore compared with ₹754.37 crore in the same quarter last year.
Full-Year Performance (FY26)
For the full year ended March 2026, consolidated net profit increased 35.9% YoY to ₹211.48 crore compared with ₹155.62 crore in the previous year. Revenue from operations during the period stood at ₹2,955.97 crore. On a standalone basis, the company achieved annual turnover of ₹2,955.97 crore and profit before tax of ₹286.55 crore during FY2025-26.
On a standalone basis, net profit for the full year rose to ₹186.16 crore from ₹130.84 crore in the previous year.
Operational Highlights
During the quarter, the urea plant operated for 73 days compared with 90 days in the corresponding quarter of the previous year. Urea production and sales during the quarter stood at 1.48 lakh metric tonnes and 1.43 lakh metric tonnes respectively. For the full year, production was 7.21 lakh MT and sales were 7.14 lakh MT.
The company accounted subsidy income of ₹450.33 crore for the quarter and ₹2,426.91 crore for the year based on provisional retention price norms under the Government of India’s fertilizer policy.
Dividend
The Board of Directors have recommended a Dividend of 20% on the Equity Shares of face value of Rs. 10/- each i.e., Rs. 2/- per Equity Share, for the Financial Year 2025-26 subject to the approval of the Shareholders at the ensuing Annual General Meeting (AGM)
Management Update
The Board appointed Mr. Narasimhan Raghunathan as Chief Financial Officer and Key Managerial Personnel of the company with effect from May 23, 2026. Mr. K R Anandan shall be relieved from the position of Chief Financial Officer with effect from May 23, 2026 and shall continue as Whole-Time Director and Key Managerial Personnel of the company.
Leadership Commentary
Ashwin Muthiah, Chairman – SPIC, said: “This quarter’s results highlight our strong operational discipline. Even though sales were lower than the corresponding period last year, and despite a little over 2 weeks of plant shutdown for scheduled maintenance, we delivered a significant increase in profits through efficient cost control and prudent raw-material sourcing.
Our continued focus on natural gas and environmentally friendly practices is strengthening our sustainability-led manufacturing. In line with the Government’s policies, we remain committed to earth-friendly fertilizers. We continue to support Indian farmers and contribute to the nation’s food-security goals. With global geopolitical uncertainties persisting, we continue to closely monitor the situation on a regular basis.”
Fertilizer Sector Outlook
SPIC said India’s fertilizer sector faced input cost stress during Q4FY26 owing to rising phosphate prices, China’s sulphur-related export restrictions, West Asia supply disruptions and subsidy uncertainty. The company said continued geopolitical tensions in West Asia could have a cascading impact on both energy supplies and fertilizer availability, which are critical for agricultural output.
SPIC is engaged in the manufacture and sale of fertilizers and operates primarily in the urea segment, along with investments in joint ventures and associate companies in petrochemicals and energy sectors.