[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-spic-reports-robust-total-income-of-inr-284945-cr-in-fy23":3,"$fjnKX72BiLw-CiZZ5MQCs0a0C_bANyAZUVd6PqPzBgJg":30,"$f-j9YGNBwRSSL7SH4JzUpRZrBt_Eb-enBkRymgC2HvJg":167,"$fR4DoeVRVekscO3pYCsJIt6KjRPIynjtNlytHFj6IDMg":208,"$fx0Dz-WUAXgaGJDFKp5JoFihuourpw4oC0uNO6EDK9Y8":214,"$fBs-3dKXserit54u6K6tjeid5TCkHQqDr9_Bj5KlRb7I":246},{"data":4},{"id":5,"title":6,"slug":7,"excerpt":8,"content":9,"imageUrl":10,"socialImageUrl":11,"publishedAt":12,"author":13,"category":14,"likes":15,"summary":16,"captionLinkedin":17,"captionTwitter":18,"captionInstagram":19,"seo":20,"prevPost":22,"nextPost":26},436,"SPIC Reports Robust Total Income of INR 2849.45 Cr in FY23","spic-reports-robust-total-income-of-inr-284945-cr-in-fy23","SPIC reports a strong FY23 with INR 2849.45 Cr in total income. Discover how this leader is driving India's fertilizer sector growth.","\u003Cp>\u003Cimg style=\"float: left\" src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2023\u002Fcompany-associate.jpg\" alt=\"\" width=\"178\" height=\"178\" \u002F>Southern Petrochemical Industries Corporation Ltd (SPIC), one of India’s pioneering agri-nutrient and fertilizer companies, recently announced its annual audited results for FY 2022-23. In the last quarter of FY23, the company registered an income of INR 676.33 crore and net profit after tax of INR 23.53 crore compared to an income of INR 284.47 crores and net profit after tax of INR 7.68 crores during the corresponding quarter of the previous year. In the year ended March 2023, the company earned a total income of INR 2849.45 crore compared to INR 1898.31 crore during the previous year. During the year, the company recorded a net profit after tax of INR 284.44 crore vis-a-vis net profit after tax of INR 140.43 crore in the previous year. The company announced a dividend of 15 percent on Equity Capital.\u003C\u002Fp>\r\n\u003Cp>The Indian fertilizer sector is projected to grow at a steady rate of 4.7 percent annually from 2023 to 2028. This growth stems from several factors, such as the rising demand for food production, advancements in agricultural practices, and supportive government policies. There are several opportunities in the current fiscal year that will result in the progress of India’s fertilizer sector. One such opportunity is the PM Pranam scheme, which was launched in February this year. The scheme encourages investments in research for the sustainable development of agriculture. Additionally, in May 2023, the Indian Gas Exchange (IGX) introduced a specialized contract for fertilizer companies. The contract facilitates more flexible payment terms, enabling easier access to natural gas for buyers in the fertilizer sector. SPIC stands to benefit from these developments.\u003C\u002Fp>\r\n\u003Cp>Despite these opportunities, it is important to note that fertilizer prices remain high due to global factors, such as reduced production and increased logistics costs, particularly due to the situation in Ukraine. To address this, the government has recently approved a subsidy of INR 1.08 lakh crore for the ongoing kharif and monsoon season.\u003C\u002Fp>\r\n\u003Cp>Stating that the company’s good annual performance including the last quarter despite various macro-economic challenges demonstrates its robust fundamentals, Ashwin Muthiah, Chairman, SPIC & Founder Chairman, AM International, Singapore, added, “The significant improvement in both the topline and bottom line is the result of our continuous focus on cost and operational efficiencies. I congratulate the team on this wonderful performance. As a company, we are aligned with the Indian government's policy of Atmanirbhar Bharat and working towards increasing the domestic fertilizer production capacity. Our ESG-oriented approach, especially towards sourcing natural gas as a raw material, is giving us positive results.”\u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong >www.spic.in\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2023\u002FHpbf70CoYVO53HH5xNb2.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FMay2023\u002FHpbf70CoYVO53HH5xNb2.jpg","2023-05-28T05:34:59+05:30","MWM Desk","News",0,"SPIC achieved a total income of INR 2849.45 crore in FY23, marking significant growth over the previous year.\nThe company recorded a net profit after tax of INR 284.44 crore, reflecting strong operational efficiency.\nStrategic initiatives like the PM Pranam scheme and IGX contracts are positioning SPIC for sustained industry success.","Southern Petrochemical Industries Corporation (SPIC) has announced impressive financial results for FY 2022-23, showcasing significant growth in both topline and bottom-line performance. With a total income of INR 2849.45 crore and a net profit of INR 284.44 crore, the company continues to demonstrate resilient fundamentals despite global macroeconomic challenges. Chairman Ashwin Muthiah highlights the firm’s commitment to 'Atmanirbhar Bharat' and ESG-focused natural gas sourcing as key drivers of this success. As the Indian fertilizer sector navigates a projected 4.7% annual growth through 2028, SPIC’s strategic alignment with government policies and operational efficiency sets a strong precedent for the industry. Read more about how SPIC is helping to drive domestic production capacity in the evolving agricultural landscape. #SPIC #FertilizerIndustry #IndianAgriculture","SPIC reports a stellar FY23 with INR 2849.45 Cr in total income! Strong performance driven by operational efficiency and a commitment to domestic fertilizer production. #SPIC #AgriBusiness","Big wins for the agri-sector! 🌾 Southern Petrochemical Industries Corporation (SPIC) just announced their FY23 results, and the numbers are looking strong. With a total income of INR 2849.45 crore, they are proving that strategic focus and operational efficiency pay off! 📈 From supporting the 'Atmanirbhar Bharat' mission to embracing sustainable natural gas sourcing, SPIC is making moves to boost India’s fertilizer capacity. It’s an exciting time for the industry as new schemes like PM Pranam pave the way for sustainable growth. Congrats to the team on a great year! 👏✨ #SPIC #AgricultureIndia #FertilizerIndustry #AtmanirbharBharat #BusinessGrowth #AgriTech #MarketUpdate",{"title":6,"description":8,"keywords":21},"spic, indian fertilizer industry, agri-nutrient, fiscal results, fy23 report, atmanirbhar bharat, agriculture sector, pm pranam scheme",{"title":23,"slug":24,"imageUrl":25},"Adams Brothers Receives 2022 Eriez® Merwin Award","adams-brothers-receives-2022-eriez-merwin-award","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2023\u002F1FxpR8S8SZqnBj6r4QOQ.jpg",{"title":27,"slug":28,"imageUrl":29},"Honeywell Introduces Honeywell Forge For Sustainable Buildings","honeywell-introduces-honeywell-forge-for-sustainable-buildings","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2023\u002FxrMLfQuMJRkCFVjaP1cO.png",{"data":31,"links":104,"meta":109},[32,38,44,50,56,62,68,74,80,86,92,98],{"title":33,"slug":34,"excerpt":35,"imageUrl":36,"publishedAt":37,"author":13,"category":14},"Evonith Steel Acquires 85 MW Power Plant in Maharashtra","evonith-steel-acquires-85-mw-power-plant-in-maharashtra","Evonith Steel completes the INR 232 Cr acquisition of an 85 MW power plant in Wardha. Discover how this strategic move drives growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fevonith-steel-acquires-85-mw-power-plant-in-maharashtra-nwBF5A.jpeg","2026-06-10T04:22:56+05:30",{"title":39,"slug":40,"excerpt":41,"imageUrl":42,"publishedAt":43,"author":13,"category":14},"Kirloskar Pneumatic launches ‘Tonalli’, a Sustainable Waste-to-Energy Solution","kirloskar-pneumatic-launches-tonalli-a-sustainable-waste-to-energy-solution","Kirloskar Pneumatic launches Tonalli, a sustainable waste-to-energy solution converting organic food waste to biogas and fertilizer. Drive efficiency and compliance.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fkirloskar-pneumatic-launches-tonalli-a-sustainable-waste-to-energy-solution-vZaGuX.png","2026-06-10T04:14:35+05:30",{"title":45,"slug":46,"excerpt":47,"imageUrl":48,"publishedAt":49,"author":13,"category":14},"Leadership in 2026 is About Collaboration, Not Control","leadership-in-2026-is-about-collaboration-not-control","Discover why Sanela Lundqvist of Sandvik Coromant believes modern manufacturing leadership is driven by collaboration, not rigid control.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fleadership-in-2026-is-about-collaboration-not-control-LxZQZw.jpg","2026-06-10T04:01:27+05:30",{"title":51,"slug":52,"excerpt":53,"imageUrl":54,"publishedAt":55,"author":13,"category":14},"Covestro Showcases Advanced TPU Material Solutions to Drive AI Device Advancements","covestro-showcases-advanced-tpu-material-solutions-to-drive-ai-device-advancements","Discover how Covestro is revolutionizing the AI and robotics landscape with advanced, sustainable TPU material innovations.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fcovestro-showcases-advanced-tpu-material-solutions-to-drive-ai-device-advancements-uaU1bw.jpg","2026-06-10T03:40:38+05:30",{"title":57,"slug":58,"excerpt":59,"imageUrl":60,"publishedAt":61,"author":13,"category":14},"Hindustan Zinc, TERI Partner for 250-Hectare Ecological Restoration Project in Rajasthan","hindustan-zinc-teri-partner-for-250-hectare-ecological-restoration-project-in-rajasthan","Hindustan Zinc and TERI launch a 250-hectare ecological restoration project in Rajasthan, setting a global benchmark for industrial sustainability and biodiversity.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fhindustan-zinc-teri-partner-for-250-hectare-ecological-restoration-project-in-rajasthan-kOlxSk.jpg","2026-06-10T03:22:00+05:30",{"title":63,"slug":64,"excerpt":65,"imageUrl":66,"publishedAt":67,"author":13,"category":14},"ELGi Showcases Intelligent Compressed Air Solutions at INTEC 2026","elgi-showcases-intelligent-compressed-air-solutions-at-intec-2026","Discover how ELGi is revolutionizing industrial efficiency at INTEC 2026 with intelligent compressed air systems designed for sustainability.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Felgi-showcases-intelligent-compressed-air-solutions-at-intec-2026-IyGeIT.JPG","2026-06-10T03:09:05+05:30",{"title":69,"slug":70,"excerpt":71,"imageUrl":72,"publishedAt":73,"author":13,"category":14},"Henkel Reaches Carbon-Neutral Manufacturing Milestone in India and Türkiye","henkel-reaches-carbon-neutral-manufacturing-milestone-in-india-and-turkiye","Henkel achieves carbon-neutral manufacturing at its Kurkumbh and Gebkim plants, marking a major milestone in its 2030 decarbonization strategy.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fhenkel-reaches-carbon-neutral-manufacturing-milestone-in-india-and-turkiye-mVPD9c.jpg","2026-06-10T01:49:12+05:30",{"title":75,"slug":76,"excerpt":77,"imageUrl":78,"publishedAt":79,"author":13,"category":14},"IndoSpace Names Balkrishna Jha Vice President – Marketing","indospace-names-balkrishna-jha-vice-president-marketing","IndoSpace appoints Balkrishna Jha as VP of Marketing to accelerate brand strategy in India's booming logistics and industrial real estate sector.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Findospace-names-balkrishna-jha-vice-president-marketing-SNRJO7.png","2026-06-10T01:17:30+05:30",{"title":81,"slug":82,"excerpt":83,"imageUrl":84,"publishedAt":85,"author":13,"category":14},"ABB Partners with Cochin Shipyard for India’s Green Tug Transition Program","abb-partners-with-cochin-shipyard-for-indias-green-tug-transition-program","ABB partners with Cochin Shipyard to power India's first electric tugs under the Green Tug Transition Programme. 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Vernova's US Renewable Energy Market  ","jcbl-south-manufactures-1000-csc-certified-containers-for-ge-vernovas-us-renewable-energy-market","JCBL South achieves a major milestone by delivering 1,000 CSC certified containers to GE Vernova, boosting US renewable energy infrastructure.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2026\u002Fnews\u002Fjcbl-south-manufactures-1000-csc-certified-containers-for-ge-vernovas-us-renewable-energy-market-J5jERD.jpeg","2026-06-05T02:24:14+05:30",{"title":99,"slug":100,"excerpt":101,"imageUrl":102,"publishedAt":103,"author":13,"category":14},"Lockheed Martin Unveils Advanced Interceptor Production Hub in Alabama","lockheed-martin-unveils-advanced-interceptor-production-hub-in-alabama","Lockheed Martin's new Alabama facility boosts US missile defense with advanced NGI production, leveraging digital manufacturing for rapid, high-quality 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#INTEC2026!","https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=UmaRUgNu574","2026-06-09T12:27:42+05:30",{"first":174,"last":175,"prev":107,"next":176},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=1","https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=997","https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=2",{"current_page":110,"from":110,"last_page":178,"links":179,"path":207,"per_page":110,"to":110,"total":178},997,[180,181,182,183,185,187,189,191,193,195,197,199,200,204,206],{"url":107,"label":114,"page":107,"active":115},{"url":174,"label":117,"page":110,"active":118},{"url":176,"label":120,"page":121,"active":115},{"url":184,"label":124,"page":125,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=3",{"url":186,"label":128,"page":129,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=4",{"url":188,"label":132,"page":133,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=5",{"url":190,"label":136,"page":137,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=6",{"url":192,"label":140,"page":141,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=7",{"url":194,"label":144,"page":145,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=8",{"url":196,"label":148,"page":149,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=9",{"url":198,"label":152,"page":153,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=10",{"url":107,"label":155,"active":115},{"url":201,"label":202,"page":203,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=996","996",996,{"url":175,"label":205,"page":178,"active":115},"997",{"url":176,"label":163,"page":121,"active":115},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos",{"id":107,"src":209,"path":210,"track_path":107,"alt":211,"raw":212,"ts":213},"\u002Fimages\u002Fassets\u002Ftop_feature.jpg","\u002Fcontact-us","Advertise 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