Southern Petrochemical Industries Corporation Ltd. (SPIC) has reported a strong financial performance for the quarter and full year ended March 31, 2026, with a significant rise in profitability despite lower revenues during the quarter.
Q4FY26 Performance
The company posted a consolidated net profit of ₹29.49 crore in Q4FY26, marking a 51.5% year-on-year growth compared to ₹19.47 crore in the corresponding quarter last year. The increase in profit was driven by improved operational efficiencies and contribution from equity-accounted investees.
Consolidated profit before tax (PBT) rose 53.7% YoY to ₹45.98 crore, up from ₹29.91 crore a year earlier.
However, revenue from operations declined to ₹584.15 crore during the quarter, compared with ₹754.37 crore in Q4FY25. Total income stood at ₹595.73 crore. Profit from operations (before share of profit from associates and tax) came in at ₹41.82 crore.
Standalone Performance
On a standalone basis, SPIC reported:
- Net profit: ₹26.15 crore (up from ₹13.09 crore YoY)
- PBT: ₹41.82 crore (vs ₹20.64 crore YoY)
- Revenue: ₹584.15 crore (vs ₹754.37 crore YoY)
FY26 Full-Year Performance
For the full financial year FY26, SPIC delivered robust growth:
- Consolidated net profit: ₹211.48 crore (up 35.9% YoY)
- Revenue from operations: ₹2,955.97 crore
On a standalone basis:
- Net profit: ₹186.16 crore (vs ₹130.84 crore in FY25)
- Revenue: ₹2,955.97 crore
Operational Highlights
Operationally, the company reported:
- Urea plant operation: 73 days in Q4FY26 (vs 90 days YoY)
- Urea production: 1.48 lakh metric tonnes
- Urea sales: 1.43 lakh metric tonnes
For the full year:
- Production: 7.21 lakh MT
- Sales: 7.14 lakh MT
The company recognized subsidy income of ₹450.33 crore for the quarter and ₹2,426.91 crore for FY26, based on provisional retention pricing under the Government of India’s fertilizer policy.
Dividend Announcement
The Board of Directors has recommended a dividend of ₹2 per equity share for FY26, subject to shareholders’ approval at the upcoming Annual General Meeting.
Business Overview
SPIC operates primarily in the urea fertilizer segment and also holds investments in joint ventures and associate companies across petrochemicals and energy sectors.
