Southern Petrochemicals Industries Corporation's Q2 FY 2025-26 Quarterly Results

Result Summary

• Southern Petrochemicals Industries Corporation Ltd reported a 5.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 10.7%.
• Its expenses for the quarter were up by 7.4% QoQ and 6.8% YoY.
• The net profit decreased 8.2% QoQ and increased 74.1% YoY.
• The earnings per share (EPS) of Southern Petrochemicals Industries Corporation Ltd stood at 3.01 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Southern Petrochemicals Industries Corporation Ltd, commonly referred to as SPIC, is a prominent player in the petrochemical industry. The company specializes in the production and distribution of fertilizers, primarily focusing on urea and other nitrogenous fertilizers. SPIC's operations are concentrated in India, where it contributes significantly to the agricultural sector by providing essential nutrients that enhance crop yield. Recently, the company has been focusing on optimizing its production processes to improve efficiency and reduce costs. However, due to data limitations, further details about recent developments or strategic initiatives are not available at this time.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Southern Petrochemicals Industries Corporation Ltd reported a total income of ₹842.82 crores. This marks a notable increase of 5.6% from the previous quarter (Q1FY26), where total income stood at ₹798.15 crores. Year-over-year, the company experienced a more substantial growth of 10.7% compared to the total income of ₹761.22 crores in Q2FY25. This upward trend in revenue indicates a positive momentum in the company's ability to generate sales and income over both the quarterly and annual periods.

Profitability

During Q2FY26, SPIC's profit before tax was ₹81.22 crores, reflecting a decline of 8.9% from the previous quarter's figure of ₹89.18 crores. Despite this quarterly dip, the year-over-year comparison shows a significant increase of 67.8% from ₹48.39 crores in Q2FY25. The company's profit after tax for Q2FY26 was ₹61.22 crores, which is a decrease of 8.2% from Q1FY26's ₹66.71 crores. Nevertheless, this represents an impressive growth of 74.1% compared to the ₹35.17 crores recorded in Q2FY25. Earnings per share followed a similar pattern, decreasing to ₹3.01 from ₹3.28 quarter-over-quarter, but increasing year-over-year from ₹1.73.

Operating Metrics

Total expenses for SPIC in Q2FY26 amounted to ₹761.60 crores, up by 7.4% from ₹708.97 crores in Q1FY26. When compared to the same quarter of the previous fiscal year, expenses rose by 6.8% from ₹712.83 crores. The company's tax expenses for Q2FY26 were ₹31.00 crores, which is a reduction of 9.4% from the previous quarter's ₹34.23 crores, but an increase of 76.3% from ₹17.58 crores in Q2FY25. This data suggests that while there has been an increase in operational costs, the company has also managed to maintain a relatively lower tax burden compared to its profit growth, contributing to its overall financial performance during this period.