SPIC Ltd.’s net profit rises to Rs 85.18 crore
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The company gave this information on Saturday. The Singapore-based flagship company of AM International had posted a profit of Rs 51.43 crore in the corresponding quarter of the previous financial year. At the same time, the company’s profit in the first nine months of the current financial year has been Rs 260.91 crore.
Agricultural nutrients and fertilizers company Southern Petrochemicals Industries Corporation Limited (SPIC) has reported a net profit of Rs 85.18 crore for the December quarter of FY 2022-23. The company gave this information on Saturday. The Singapore-based flagship company of AM International had posted a profit of Rs 51.43 crore in the corresponding quarter of the previous financial year. At the same time, the company’s profit in the first nine months of the current financial year has been Rs 260.91 crore.
The total income of the company increased to Rs 707.82 crore during the quarter under review from Rs 497.78 crore in the same period last year. At the same time, its total income during the April-December 2022 period was Rs 2,173.11 crore. SPIC Chairman Ashwin Muthiah said, “The company’s good quarterly performance reflects the company’s unwavering focus on sales, operations and profitability, despite the prevailing macro-economic challenges.” Has also benefited from
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