Southern Petrochemical jumps on reporting over 2-fold jump in Q4 net profit

24 May 2019

Southern Petrochemical Industries Corporation is currently trading at Rs. 25.30, up by 1.80 points or 7.66% from its previous closing of Rs. 23.50 on the BSE.

The scrip opened at Rs. 24.90 and has touched a high and low of Rs. 25.80 and Rs. 24.20 respectively. So far 50281 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 36.00 on 24-Aug-2018 and a 52 week low of Rs. 21.70 on 14-May-2019.

Last one week high and low of the scrip stood at Rs. 25.80 and Rs. 22.75 respectively. The current market cap of the company is Rs. 514.19 crore.

The promoters holding in the company stood at 48.44%, while Institutions and Non-Institutions held 3.08% and 48.48% respectively.

Southern Petrochemical Industries Corporation has reported over 2-fold jump in its net profit at Rs 16.49 crore for the quarter ended March 31, 2019 as compared to Rs 6.79 crore for the same quarter in the previous year. Total income of the company increased by 19.13% at Rs 475.36 crore for Q4FY19 as compared Rs 399.01 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 43.27% in its net profit at Rs 53.34 crore as compared to Rs 37.23 crore for the previous year. Total income of the company increased by 30.71% at Rs 2,613.42 crore for year under review as compared to Rs 1,999.38 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 38.71% in its net profit at Rs 62.99 crore as compared to Rs 45.41 crore for the previous year. Total income of the company increased by 30.71% at Rs 2,613.42 crore for year under review as compared to Rs 1,999.38 crore for year ended March 31, 2018.

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