Southern Petrochemicals Industries Corporation Ltd's Q3FY25 Quarter Results
- 07 Feb 2025
Result Summary
- Southern Petrochemicals Industries Corporation Ltd reported a 8.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 58.5%.
- Its expenses for the quarter were up by 7.8% QoQ and 62.5% YoY.
- The net profit increased 9.5% QoQ and increased 15.7% YoY.
- The earnings per share (EPS) of Southern Petrochemicals Industries Corporation Ltd stood at 1.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 823.23 | 761.22 | 519.47 | 8.1% | 58.5% |
Total Expenses | 768.64 | 712.83 | 472.94 | 7.8% | 62.5% |
Profit Before Tax | 54.59 | 48.39 | 46.53 | 12.8% | 17.3% |
Tax | 22.86 | 17.58 | 18.65 | 30.0% | 22.6% |
Profit After Tax | 38.50 | 35.17 | 33.28 | 9.5% | 15.7% |
Earnings Per Share | 1.90 | 1.70 | 1.80 | 11.8% | 5.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Southern Petrochemicals Industries Corporation Ltd (SPIC) is a prominent entity in the agrochemical industry, primarily engaged in the production and distribution of fertilizers and other agricultural inputs. The company is known for its range of products which includes fertilizers, pesticides, and other chemicals vital for agricultural productivity. SPIC has been a significant player in the Indian market, contributing to the agricultural sector by ensuring the availability of essential nutrients required for crop cultivation. While specific recent developments pertaining to the company are not available in this context, SPIC's operations typically revolve around enhancing agricultural productivity and sustainability through advanced chemical solutions.
Revenue
In the third quarter of the fiscal year 2025, SPIC reported a total income of ₹823.23 crores, marking an 8.1% increase from the previous quarter's income of ₹761.22 crores. When compared to the same quarter in the previous fiscal year, there is a noteworthy year-over-year growth of 58.5% from ₹519.47 crores. This substantial increase in revenue indicates a robust performance in terms of income generation over the past year. The quarter-over-quarter and year-over-year growth figures illustrate the company's upward trajectory in terms of revenue, reflecting its ability to enhance its income streams effectively during this period.
Profitability
For the third quarter of FY25, SPIC's Profit Before Tax (PBT) was calculated at ₹54.59 crores, showcasing a 12.8% rise from the previous quarter's ₹48.39 crores and a 17.3% increase from the ₹46.53 crores in the corresponding quarter of the previous year. The company incurred taxes amounting to ₹22.86 crores, which is a 30.0% increase from ₹17.58 crores in the second quarter of FY25 and a 22.6% rise from ₹18.65 crores in Q3FY24. Consequently, the Profit After Tax (PAT) for Q3FY25 stood at ₹38.50 crores, reflecting a 9.5% quarter-over-quarter growth from ₹35.17 crores and a 15.7% year-over-year increase from ₹33.28 crores. The Earnings Per Share (EPS) for this quarter was ₹1.90, compared to ₹1.70 in the previous quarter and ₹1.80 in the same quarter last year, indicating an 11.8% QoQ increase and a 5.6% YoY increase.
Operating Metrics
During Q3FY25, SPIC's total expenses were ₹768.64 crores, representing a 7.8% quarter-over-quarter rise from ₹712.83 crores in Q2FY25 and a 62.5% year-over-year increase from ₹472.94 crores in Q3FY24. The increase in expenses aligns with the company's revenue growth, suggesting a proportional scaling of operations. This quarter's operational figures reflect the company's ongoing efforts to manage expenses while achieving revenue growth. The trends observed in the expenses and income figures highlight the company's operational dynamics over the period in question.
