{"id":17264,"date":"2019-11-14T14:27:50","date_gmt":"2019-11-14T14:27:50","guid":{"rendered":"http:\/\/faceinews.com\/?p=17264"},"modified":"2019-11-14T14:27:50","modified_gmt":"2019-11-14T14:27:50","slug":"spic-announces-q2fy20-results","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=17264","title":{"rendered":"SPIC announces Q2FY20 results"},"content":{"rendered":"

 <\/p>\n

SPIC announces Q2FY20 results.<\/strong><\/p>\n

\"Faceinews<\/a><\/p>\n

Company registers revenues of INR 627.63 crore and EBIDTA of INR 32.66crore<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

November2019, Chennai \/ Mumbai:\u00a0<\/strong>Southern Petrochemicals Industries Corporation Limited (SPIC), one of India\u2019s pioneering agri-nutrient and fertilizer companies today announced its results for the quarter\/half year\u00a0 ending\u00a0 September\u00a0 2019.<\/p>\n

\n

Financials:<\/strong><\/p>\n

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.<\/p>\n

(In INR Crore)<\/strong><\/p>\n\n\n\n\n\n\n\n
Particulars<\/strong><\/td>\nQ2FY20<\/strong><\/td>\nQ2FY19<\/strong><\/td>\nVariance<\/strong><\/td>\nYear Ended 31.03.19<\/strong><\/td>\nYear to Date FY20 (Q1+Q2)<\/strong><\/td>\n<\/tr>\n
Revenues<\/td>\n627.63<\/td>\n872.31<\/td>\n-28.05%<\/td>\n2591.95<\/td>\n1181.85<\/td>\n<\/tr>\n
EBITDA<\/td>\n32.66<\/td>\n24.50<\/td>\n33.31%<\/td>\n109.88<\/td>\n63.96<\/td>\n<\/tr>\n
PAT *<\/td>\n12.70<\/td>\n11.56<\/td>\n9.86%<\/td>\n42.16<\/td>\n24.74<\/td>\n<\/tr>\n
EPS<\/td>\n0.62<\/td>\n0.57<\/td>\n8.77%<\/td>\n2.07<\/td>\n1.22<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

*Includes Other Comprehensive Income<\/p>\n

\n

Leadership Comment<\/strong>\u00a0Mr. Ashwin Muthiah, Chairman \u2013 SPIC\u00a0<\/strong>&\u00a0Founding Chairman, AM International group, Singapore<\/strong>:<\/p>\n

\u201cThe company\u2019s 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\u2019s continued push to the agriculture sector.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

  SPIC announces Q2FY20 results. Company registers revenues of INR 627.63 crore and EBIDTA of INR 32.66crore \u00a0 November2019, Chennai \/ Mumbai:\u00a0Southern Petrochemicals Industries Corporation Limited (SPIC), one of India\u2019s pioneering agri-nutrient and fertilizer companies today announced its results for the quarter\/half year\u00a0 ending\u00a0 September\u00a0 2019. Financials: The company recorded revenues of INR 627.63 crore […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-17264","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/17264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17264"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/17264\/revisions"}],"predecessor-version":[{"id":17265,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/17264\/revisions\/17265"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}