SPIC announces Q2FY20 results.

Chennai / Mumbai: Southern Petrochemicals Industries Corporation Limited (SPIC), one of India’s pioneeringagri-nutrient and fertilizer companies today announced its results for the quarter/half year ending September 2019.

Financials:
The company recorded revenues of INR 627.63 crore while its EBIDTA stood at 32.66 crore. In the corresponding quarter of FY19, the company had accrued revenues of INR 872.31 crore while its EBIDTA was INR 24.50crore.
(In INR Crore)
Particulars
Q2FY20
Q2FY19
Variance
Year Ended 31.03.19
Year to Date FY20 (Q1+Q2)

Revenues
627.63
872.31
-28.05%
2591.95
1181.85

EBITDA
32.66
24.50
33.31%
109.88
63.96

PAT *
12.70
11.56
9.86%
42.16
24.74

EPS
0.62
0.57
8.77%
2.07
1.22

*Includes Other Comprehensive Income
Leadership Comment: Mr. Ashwin Muthiah, Chairman – SPIC&Founding Chairman, AM International group, Singapore:
“The company’s performance is reflective of the sluggish macroeconomic scenario. I am confident that our performance will pick up pace during the ensuing quarters. Our management is taking concerted efforts in this direction. We are actively pursuing opportunities arising from the government’s continued push to the agriculture sector.”

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