Southern Petrochemicals Industries Corporation Ltd reported a 41% year-on-year increase in standalone net profit to ₹286.55 crores for the year ended March 31, 2026. The board recommended a dividend of 20% on equity shares, amounting to ₹2 per share, subject to shareholder approval at the 55th Annual General Meeting. Total income for the year stood at ₹3015.10 crores, compared to ₹3100.25 crores in the previous year, while total expenses decreased to ₹2728.55 crores from ₹2897.59 crores.

Financial Performance Overview

The company's profitability improved despite a slight decline in total income. The following table summarises the key financial metrics for the year ended March 31, 2026, compared to the previous year:

Operational Highlights

Revenue from operations for the year was recorded at ₹2955.97 crores, a decrease from ₹3086.33 crores in the previous year. However, effective cost management contributed to the growth in bottom-line earnings. The company reported that its Urea plant was in operation for 73 days during the fourth quarter, compared to 90 days in the previous year's fourth quarter. Production and sale of Urea for the year were 7.21 lac MT and 7.14 lac MT respectively.

Dividend Declaration

The Board of Directors has recommended a dividend of 20% on the Equity Shares of face value of Rs. 10/- each, amounting to Rs. 2/- per Equity Share for the Financial Year 2025-26. This dividend is subject to the approval of the Shareholders at the ensuing 55th Annual General Meeting. The record date and payment date will be informed in due course.

Management Changes

The board appointed Mr. Narasimhan Raghunathan as the Chief Financial Officer and Key Managerial Personnel of the company effective May 23, 2026. Mr. K R Anandan has been relieved from the position of Chief Financial Officer but continues to serve as a Whole-Time Director and Key Managerial Personnel.

Southern Petrochemical Industries Corporation Ltd has announced a change in its senior management leadership following a board meeting held on May 22, 2026. The board approved the appointment of Narasimhan Raghunathan as the new Chief Financial Officer (CFO) and Key Managerial Personnel of the company. This appointment is effective from May 23, 2026.

The decision to appoint a new CFO was taken to enable K R Anandan, the Whole-Time Director and CFO, to focus on the overall business growth of the company. The appointment was based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee.

Management Changes

As part of this restructuring, K R Anandan will be relieved from the responsibilities of the CFO position effective May 23, 2026. However, he will continue to serve as a Whole-Time Director and Key Managerial Personnel of the company. There is no disclosed relationship between the directors involved in these changes.

Profile of New CFO

Narasimhan Raghunathan brings extensive experience to the role. He is a graduate in Commerce and Law, and holds qualifications as a Chartered Accountant, Cost Accountant, and Company Secretary. He possesses nearly 25 years of experience in steering financial operations and finance functions across various manufacturing industries.

Prior to joining Southern Petrochemical Industries Corporation Ltd, Mr. Raghunathan was associated with several renowned business groups, including Greenstar Fertilizers Limited, Elecon Engineering Limited, KSB Pumps Limited, ZF Wind Power Limited, Ernst & Young, and Ashok Leyland.