SPIC Reports Steady Growth Amid Economic Challenges

Southern Petrochemical Industries Corporation Ltd (SPIC) reported a profit before tax of Rs 48.39 crore for the July-September 2024 quarter, facing a slight decline from Rs 71.35 crore in the previous year. The company emphasizes its commitment to long-term value and community outreach initiatives in challenging times.

Southern Petrochemical Industries Corporation Ltd (SPIC) has announced a profit before tax of Rs 48.39 crore for the July-September 2024 quarter, as revealed on Thursday.

This marks a decline from Rs 71.35 crore in the same quarter last year. Despite this, the year ending March 31, 2024, showed a solid profit before tax of Rs 142.99 crore.

SPIC Chairman Ashwin Muthiah highlighted the company's steady growth, operational strength, and commitment to delivering long-term value through operational efficiency and innovative agri-solutions. Income for the current quarter reached Rs 761.22 crore, up from Rs 747.50 crore in the previous year, amid continued CSR efforts in sanitation, healthcare, and wellness.

(With inputs from agencies.)