SPIC Q2 profit falls 23% to ₹47 crore on higher input costs
In short
SPIC reported a 23% drop in consolidated net profit to ₹47 crore in the second quarter. Revenue still grew 22%.
The company said higher input costs hurt margins and profitability.
What the reporting says
SPIC reported a 23% fall in consolidated net profit to ₹47 crore in the second quarter, even as revenue grew 22%. The company said rising input costs pressured margins and profitability.
Why it matters
SPIC posted a 23% drop in consolidated net profit to ₹47 crore for the quarter, despite 22% revenue growth. The company attributed the weaker profitability to rising input costs, which squeezed margins.