Profit (PBT) was Rs. 48.39 crores in Q2 FY 2024-25
Southern Petrochemical Industries Corporation Ltd. (SPIC), one of India's pioneering agri-nutrient and fertiliser companies, announced its unaudited financial results for the Quarter ending 30th September 2024.
During September quarter of FY25, the company registered an income of Rs. 761.22 crores and Profit Before Tax of Rs. 48.39 crores, as compared to an income of Rs. 747.50 crores and Profit Before Tax of Rs. 71.35 crores during the corresponding quarter of the previous FY 24. The revenue from operations of Rs. 759.58 crores was about 2.14% more than the corresponding quarter of FY 24 of Rs. 743.64 crores.
Ashwin Muthiah, Chairman - SPIC & Founder Chairman, AM International, Singapore said, "SPIC's financial performance this quarter underscores steady growth, with an increase in quarterly turnover. Despite a challenging economic landscape, SPIC has sustained operational strength, and we remain committed to delivering long-term value through our focus on operational efficiency and R&D driven agri-solutions. Our community outreach remains steadfast, with ongoing CSR efforts focused on sanitation, primary healthcare, and wellness & well-being initiatives.
“We are closely aligning our manufacturing, marketing and sales efforts with government directives as India advances towards the One Nation One Fertilizer Scheme, ensuring readiness and proactive involvement."
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