Southern Petrochemical Q1 results show revenue fell from 676.34 crores to 571.19 crores, a -15.55% decrease in growth. EPS rise from ₹1.32 to ₹2.74, up by 107.58%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Southern Petrochemical shared its Q1 results on Wednesday. They earned 571.19 crores in revenue this quarter, but that’s less than the 676.34 crores they made last quarter. Unfortunately, the company’s growth decreased by -15.55 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 51.39 crores, up from 25.48 crores in the previous quarter. Their quarter-to-quarter growth increased by 101.69 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹2.74, which is an increase of 107.58% from the ₹1.32 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 571.19 crores this year (2023), which is -24.15 percent lower than last year’s total revenue of 753.07 crores.
This year’s PAT (Profit After Tax) is 51.39 crores, which is also -28.44% lower than last year’s PAT of 71.81 crores.
The EPS (Earnings Per Share) for this year is ₹2.74, which is -21.71% less than the EPS of ₹3.50 earned last year.
Southern Petrochemical Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Southern Petrochemical:
Southern Petrochemical Industries Corporation Ltd, commonly referred to as SPIC, is an Indian enterprise engaged in the production of fertilizer goods. Established on December 18, 1969, and headquartered in Chennai, Tamil Nadu, India, the company evolved into a collaborative endeavor between the M. A. Chidambaram Group and TIDCO in 1975.
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