SPIC FY26 Profit Jumps to ₹286.55 Cr; Recommends 20% Dividend
SPIC reported FY26 audited results with total income of ₹3015.10 Cr and Profit Before Tax of ₹286.55 Cr, up from ₹202.66 Cr last year. The company recommended a 20% dividend. Narasimhan Raghunathan appointed CFO from May 23, 2026.
The increased profitability and dividend recommendation are positive for shareholders. The management change is routine but noted. The overall financial performance and dividend announcement have a moderate impact.
The company reported a significant increase in profit for the fiscal year and recommended a dividend, indicating positive financial performance and shareholder returns.
Southern Petrochemical Industries Corporation Ltd. (SPIC) announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a total income of ₹3015.10 crores for the fiscal year 2025-26, compared to ₹3100.25 crores in the previous year. Profit Before Tax for the year increased significantly to ₹286.55 crores from ₹202.66 crores in FY 2024-25.
For the fourth quarter ended March 31, 2026, SPIC recorded an income of ₹595.73 crores and a Net Profit of ₹41.82 crores. This compares to an income of ₹759.44 crores and a Net Profit before exceptional item of ₹20.64 crores in the corresponding quarter of the previous year.
The Board of Directors has recommended a dividend of 20% on Equity Shares (₹2 per Equity Share of face value ₹10) for FY 2025-26, subject to shareholder approval at the upcoming 55th Annual General Meeting (AGM). The payment date for the dividend will be communicated later.
In a management change, Mr. Narasimhan Raghunathan has been appointed as the Chief Financial Officer and Key Managerial Personnel, effective May 23, 2026. Mr. K R Anandan will continue as Whole-Time Director and Key Managerial Personnel, stepping down from the CFO role.
Mr. Ashwin Muthiah, Chairman - SPIC, commented that the results reflect strong operational discipline and efficient cost control, leading to a significant profit increase despite lower sales and a plant shutdown for maintenance. He highlighted the company's commitment to sustainability and supporting Indian farmers.
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Southern Petrochemicals Industries Corporation Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Southern Petrochemicals Industries Corporation Limited. Read the original for the full detail.