SPIC Q3 FY26 Results: Turnover ₹2,372 Cr, PBT ₹245 Cr; Key Management Changes Announced
SPIC reported nine-month ended Dec 31, 2025, revenue of ₹2,372 Cr and PBT of ₹245 Cr. Q3 FY26 revenue was ₹773 Cr with PBT of ₹74 Cr. Mr. Manikkan Sangameswaran appointed Independent Director. Mr. K R Anandan elevated to Whole-time Director (Finance) and CFO.
The financial results show stability and a slight improvement in profitability. The key management changes and board appointments are significant for the company's future direction, impacting strategic decisions and operations.
The company reported an increase in PBT for the nine months and a significant increase in profit for the quarter compared to the previous year, despite a marginal decline in sales. Key management elevations and new director appointments also contribute to a positive outlook.
Southern Petrochemical Industries Corporation Limited (SPIC) announced its un-audited financial results for the third quarter and nine months ended December 31, 2025. For the nine months ended December 31, 2025, the company achieved a turnover from operations of ₹2,371.81 crore and a Profit Before Tax (PBT) of ₹244.74 crore. This compares to a turnover of ₹2,331.96 crore and PBT of ₹182.02 crore for the corresponding period in the previous year.
During the third quarter of FY2025-26, SPIC reported revenue from operations of ₹773 crore with a PBT of ₹74 crore. This is compared to ₹818 crore in revenue and ₹54 crore in PBT for the same quarter in the previous financial year. The company noted that the revenue and profit for both the quarter and nine months ended December 31, 2025, were maintained at similar levels to the corresponding periods last year. An amount of ₹20.10 crore included in the other income for the nine months ended December 31, 2025, pertains to a claim on loss of profits from an insurance company due to an operational shutdown from December 2023 to March 2024 following floods.
In terms of management changes, Mr. Manikkan Sangameswaran (DIN: 00121885) was appointed as an Additional Director in the category of Independent Director (Non-Executive - Independent) on the Board, effective February 13, 2026, for a period of 5 years, subject to shareholder approval. Additionally, Mr. K R Anandan (DIN: 00314502), Chief Financial Officer and Key Managerial Personnel, has been elevated to the position of Whole-time Director (Finance) and CFO, effective February 13, 2026. He will also serve as an Additional Director on the Board, with his appointment as Whole-time Director (Finance) and CFO for a period of 3 years requiring shareholder approval.
Mr. Ashwin Muthiah, Chairman – SPIC, commented on the results, stating that the quarter's performance reflects a focus on performance-led growth, with a significant increase in profit despite a marginal decline in sales. He reiterated the company's commitment to sustainable, cost-efficient production and alignment with the government's initiative on organic and natural agri-inputs.
The announcement also provided an update on the fertilizer industry, noting that India's total foodgrain production for the Kharif season of FY26 is estimated at a record 173.33 million tonnes. The agriculture sector showed stability in Q3FY26, supported by healthy reservoir levels and robust Rabi sowing. Approximately 73% of the country's total fertilizer requirement was met through domestic production in 2025, highlighting progress towards self-reliance.
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