How has been the historical performance of the SPIC?

Jun 06 2025 11:24 PM IST
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SPIC's historical performance shows significant growth in net sales from Rs 1,527.01 crore in Mar'21 to Rs 3,086.33 crore in Mar'25, alongside fluctuating profits, peaking in Mar'23 before declining in Mar'25. Operating profit increased overall, but rising raw material costs impacted profitability and total liabilities decreased from Mar'23 to Mar'24.
Answer:
The historical performance of SPIC shows a fluctuating trend in net sales and profits over the years, with significant variations in operating income and expenses.

Breakdown:
SPIC's net sales increased significantly from Rs 1,527.01 crore in Mar'21 to Rs 3,086.33 crore in Mar'25, reflecting a strong upward trend. Total operating income followed a similar pattern, rising from Rs 1,527.01 crore in Mar'21 to Rs 3,086.33 crore in Mar'25. However, the raw material costs also surged, reaching Rs 2,321.39 crore in Mar'25, which contributed to total expenditure climbing to Rs 2,804.92 crore. Operating profit, excluding other income, showed an increase from Rs 70.43 crore in Mar'21 to Rs 281.41 crore in Mar'25, although it peaked at Rs 353.79 crore in Mar'23. Profit before tax fluctuated, peaking at Rs 299.76 crore in Mar'23 before settling at Rs 202.66 crore in Mar'25. The profit after tax also varied, with a notable high of Rs 279.24 crore in Mar'23, dropping to Rs 123.21 crore in Mar'25. The company's total liabilities decreased from Rs 2,039.76 crore in Mar'23 to Rs 1,632.04 crore in Mar'24, while total assets also saw a decline from Rs 2,039.76 crore to Rs 1,632.04 crore in the same period. Cash flow from operating activities improved significantly to Rs 227 crore in Mar'24, compared to a negative Rs 11 crore in Mar'23, indicating a recovery in cash generation. Overall, SPIC's financial performance reflects a complex interplay of rising sales and costs, with varying profitability and asset management over the years.
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