Quarterly Result10 Feb 2025, 11:04 pm
Southern Petrochemicals Industries Corporation Ltd Reports Q3 Results for 2024
AI Summary
Southern Petrochemicals Industries Corporation Ltd has reported its standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. The company's board approved the unaudited financial results, which will be available on the company's website. The company operates a gas-based urea manufacturing unit and is eligible for higher fiscal incentives in the form of subsidy income for the next 5 years. The Urea plant was in operation for 90 days during the quarter.
Key Highlights
- Standalone and consolidated financial results for Q3 and nine months ended December 31, 2024 approved by the board.
- Company operates a gas-based urea manufacturing unit and is eligible for higher fiscal incentives in the form of subsidy income for the next 5 years.
- Urea plant was in operation for 90 days during the quarter.
- Subsidy of Rs. 648.68 crores for Q3 and Rs.1896.99 Crores for nine months ended December 2024 accounted based on provisional Retention Price.
- Provision of Rs. 35.76 Crores recognised for the period ended December 31, 2024 under the normal provisions of the Income Tax Act, 1961.
Price Impact
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