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Southern Petrochemical Industries Corporation Ltd.’s (SPIC) net profit for the second quarter has more than doubled to ₹109 crore over the year-earlier period.
Revenue from operations grew 15% to ₹708 crore, the agri-nutrient and fertilizer company said in a statement.
“Our profitability amid a challenging macroeconomic environment, is testimony to the successful alignment of our corporate strategy with market demand,” said Ashwin Muthiah, chairman.
“Moving forward, we will continue to maximise value-creation for our stakeholders through world-class innovation, infrastructure upgradation and community outreach programmes,” he said.
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