SPIC Ltd pre-tax profit up 73% to Rs 28 cr in Q4, income rises by 10%

Company says timely measures by govt helped in retaining momentum of production, distribution and sale of fertilisers

Southern Petrochemical Industries Corporation Ltd. (SPIC), an agri-nutrient and fertiliser company, has reported a 73 per cent increase in profit before tax (PBT), at Rs 28.57 crore during the quarter ended March 2020, from Rs 16.49 crore, a year ago. The firm's total income was up 10 per cent to Rs 521.55 crore from Rs 475.36 crore, a year ago.

Ashwin Muthiah, Chairman, SPIC & Founder Chairman, AM International, Singapore said that the importance of the agriculture sector in the economic revival post Covid-19 demonstrates the opportunity that the industry holds in India’s overall growth. 

"Our company continued its operations during the