IG Petrochemicals Q1 Results: EBITDA Jumps to 1.13B Rupees, Margin at 18.25%
IG Petrochemicals posted a strong Q1 FY27 performance with EBITDA jumping to 1.13B Rupees from 22M Rupees year-on-year and EBITDA margin expanding to 18.25% from 0.47%. Standalone net profit recovered to ₹70.97 lakh from a loss of ₹8.21 lakh in Q1FY26, supported by revenue growth to 6.2B Rupees from 4.7B Rupees. Consolidated net profit also turned positive at ₹66.44 lakh, while EPS rose to ₹23.04 from a loss of ₹2.67 per share.

*this image is generated using AI for illustrative purposes only.
I G Petrochemicals Limited has delivered a strong operational turnaround in the first quarter of FY27, with EBITDA surging to 1.13B Rupees compared to 22M Rupees in the same period last year, as EBITDA margin expanded sharply to 18.25% from 0.47% year-on-year. The company also returned to profitability, reporting a standalone net profit of ₹70.97 lakh against a net loss of ₹8.21 lakh in Q1FY26. Revenue from operations rose to 6.2B Rupees from 4.7B Rupees year-on-year, reflecting robust demand for the company's organic chemicals. The strong operational performance allowed the company to generate a profit before tax of ₹94.92 lakh, reversing the pre-tax loss of ₹10.81 lakh recorded in Q1FY26.
The Board of Directors approved the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, during a meeting held on August 5, 2026. The results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and submitted pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors M S K A & Associates LLP and SMMP & Company issued an unqualified limited review report on the financial statements.
Financial Performance Overview
The quarter's results reflect a broad-based improvement across key metrics. Revenue from operations increased year-on-year and also sequentially from ₹524.27 lakh in Q4FY26. Total income for the standalone entity reached ₹625.07 lakh, supported by other income of ₹7.27 lakh. On the expense side, cost of materials consumed was ₹482.73 lakh. Notably, changes in inventories contributed a positive ₹65.14 lakh to the bottom line, contrasting with the inventory build-up seen in previous periods. The following table summarises the key standalone financial metrics across comparable periods:
| Metric | Q1FY27 (₹ Lakh) | Q4FY26 (₹ Lakh) | Q1FY26 (₹ Lakh) |
|---|---|---|---|
| Revenue from Operations | 617.80 | 524.27 | 470.05 |
| Total Income | 625.07 | 529.85 | 480.89 |
| Total Expenses | 530.15 | 480.37 | 491.71 |
| Profit Before Tax | 94.92 | 49.48 | (10.81) |
| Net Profit After Tax | 70.97 | 37.17 | (8.21) |
The key EBITDA metrics for the quarter are presented below:
| Metric | Q1FY27 | Q1FY26 |
|---|---|---|
| EBITDA | 1.13B Rupees | 22M Rupees |
| EBITDA Margin | 18.25% | 0.47% |
Consolidated figures mirrored this trend, with consolidated net profit after tax reaching ₹66.44 lakh against a loss of ₹12.99 lakh in Q1FY26. Consolidated revenue remained identical to standalone figures at ₹617.80 lakh, as the subsidiaries contributed minimal revenue. The consolidated profit before tax was ₹90.39 lakh. Earnings per share (basic and diluted) for the standalone entity rose to ₹23.04 from a loss of ₹2.67 per share in the previous year.
Subsidiary and Auditor Notes
The consolidated results include four subsidiaries: IGPL International Limited, IGPL Energy Limited, IG Biofuels Limited, and IGPL Charitable Foundation. The auditor's report noted that the interim financial information of these subsidiaries, which reflect a total revenue of ₹21.12 lakh and a net loss of ₹477.11 lakh for the quarter, was not reviewed by their respective auditors but certified by the holding company's management. The management stated that these figures are not material to the Group. M S K A & Associates LLP and SMMP & Company confirmed that nothing came to their attention to suggest the statements do not comply with Ind AS 34 or contain material misstatements. The company continues to operate in a single reportable segment focused on the manufacture and sale of organic chemicals.
Historical Stock Returns for IG Petrochemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.09% | +11.11% | +17.29% | +42.68% | +8.04% | -29.02% |
Will the sharp expansion in EBITDA margins to 18.25% be sustainable in subsequent quarters given current raw material price volatility?
How does the positive contribution from inventory changes impact the company's working capital requirements for Q2FY27?
What specific operational strategies or market factors drove the reversal from a net loss to a profit of ₹70.97 lakh compared to the previous year?


































