SPIC swings to ₹13 cr profit in Q4 FY25 from ₹29 cr loss a year ago
Ashwin Muthiah, Chairman of SPIC
Southern Petrochemical Industries Corporation Ltd (SPIC) reported a standalone profit after tax (PAT) of ₹13 crore for the January-March 2025 quarter, a sharp turnaround from a net loss of ₹29 crore in the corresponding period last year.
The loss in Q4 FY24 was largely due to the temporary shutdown of its Thoothukudi plant for 77 days following heavy rains and flooding, which significantly impacted operations and turnover.
Profit before exceptional items rose to ₹21 crore in Q4FY25, compared to ₹4 crore a year earlier. Total income for the quarter surged more than five-fold to ₹759 crore.
For the full financial year ended March 31, 2025, SPIC’s PAT rose to ₹131 crore (₹88 crore). Total income stood at ₹3,100 crore (₹1,962 crore). Annual net profit before exceptional items increased to ₹202.66 crore (₹191.60 crore).
The Boardrecommended a dividend of 20 per cent (₹2 per share) on equity capital, up from 15 per cent declared last year.
Commenting on the performance, Ashwin Muthiah, Chairman of SPIC and Founder Chairman of AM International, Singapore, said, “Our performance in the last quarter and full year of FY25 has been strong both in terms of topline and profitability. It reflects our focus on disciplined execution and cost efficiency in raw material sourcing — particularly the shift to natural gas.”
Fertilizer sector
SPIC’s results come amid a robust year for India’s fertilizer industry, which recorded its highest-ever sales of 655.94 lakh tonnes in FY25 — a 9.2 per cent increase over the previous year. A shortage of di-ammonium phosphate (DAP) in the latter part of the year spurred increased use of complex fertilizers and prompted domestic manufacturers to ramp up production and introduce customised formulations, according to a company statement.
Published on May 9, 2025
