SPIC's Profits Soar Amid Operational Efficiency

Southern Petrochemical Industries Corporation Ltd, known as SPIC, has reported a surge in consolidated net profit for the April-June 2025 quarter, reaching Rs 66.71 crore. This rise, compared to Rs 62.55 crore in the same period last year, is attributed to operational efficiency and reduced input costs.

Chairman Ashwin Muthiah noted the company's impressive performance, highlighting strategic measures for improving profitability. He emphasized maintaining a focus on operational efficiencies to boost the bottom line. The company's quarterly income increased to Rs 798.15 crore from Rs 756.37 crore the prior year.

Continuing its pledge towards green manufacturing, SPIC is transitioning to natural gas and remains committed to ESG principles amidst global geopolitical challenges, Muthiah added. The directors proposed a 20% dividend, pending approval at the upcoming AGM.

(With inputs from agencies.)