SPIC Q3 FY26 Results: Net Profit ₹48.64 Crore (Standalone), ₹54.07 Crore (Consolidated); Board Appoints Two Directors
SPIC reported standalone Q3 FY26 net profit of ₹48.64 crore, up from ₹35.39 crore YoY. Consolidated net profit stood at ₹54.07 crore, up from ₹38.50 crore YoY. The company appointed Mr. Manikkan Sangameswaran as an Additional Director and Mr. K R Anandan as Whole-time Director (Finance) & CFO.
The financial results show year-on-year growth, which is positive. The appointment of new directors, especially a Whole-time Director (Finance), can have a medium-term impact on the company's financial strategy and governance.
The company reported an increase in net profit for both standalone and consolidated results for the third quarter compared to the previous year. The appointment of new directors also adds a positive element.
Southern Petrochemical Industries Corporation Limited (SPIC) announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. The company's Board of Directors met on February 13, 2026, to approve these results.
For the third quarter ended December 31, 2025, SPIC reported a standalone net profit after tax of ₹48.64 crore, a notable increase from ₹35.39 crore in the same period last year. Total income for the quarter stood at ₹778.39 crore. The company's urea plant operated for 92 days during the quarter, with production and sales of Urea at 1.89 lac MT and 1.85 lac MT, respectively.
On a consolidated basis, the net profit after tax for the third quarter was ₹54.07 crore, compared to ₹38.50 crore in the corresponding quarter of the previous year. Total consolidated income was ₹778.39 crore.
In significant corporate developments, the Board approved the appointment of Mr. Manikkan Sangameswaran as an Additional Director (Non-Executive - Independent) for a period of 5 years, effective February 13, 2026, subject to shareholder approval. Additionally, Mr. K R Anandan, previously the Chief Financial Officer, has been elevated to the position of Whole-time Director (Finance) and CFO for a period of 3 years, also effective February 13, 2026, and subject to shareholder approval.
The Board meeting commenced at 3:30 PM IST and concluded at 5:15 PM IST.
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