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.