IG Petrochemicals Ltd (IGPL), a key player in the Indian petrochemical sector, has reported mixed results for the second quarter ended September 30, 2025. The company's performance shows a decline in revenue but an improvement in profitability compared to the previous quarter.

Financial Highlights

IG Petrochemicals reported standalone revenue from operations of Rs. 47,006.63 lakhs in Q2 FY2026, compared to Rs. 58,295.86 lakhs in the previous quarter, representing a 19.40% quarter-on-quarter decline.

Despite the revenue decrease, the company's profitability improved significantly. IGPL posted a net profit after tax of Rs. 142.00 lakhs in Q2 FY2026, compared to a loss of Rs. 824.09 lakhs in the prior quarter.

Half-Year Performance

For the half-year period, IG Petrochemicals reported:

• Revenue: Rs. 1,05,302.49 lakhs
• Net Profit: Rs. 6,374.40 lakhs

Business Segment

The company continues to operate in a single reportable segment: manufacturing and sale of organic chemicals.

Corporate Development

During the quarter, IG Petrochemicals initiated liquidation proceedings for IGPL Energy Limited, a move that may impact the company's structure and operations.

Governance

The quarterly results were reviewed by the Audit Committee and subsequently approved by the Board of Directors, ensuring compliance with corporate governance standards.

Market Outlook

While the revenue decline indicates ongoing challenges in the petrochemical market, the return to profitability suggests that IGPL's management may be successfully implementing cost control measures or benefiting from improved market conditions compared to the previous quarter.

Investors and industry observers will likely monitor how IG Petrochemicals navigates the current market dynamics and whether the positive trend in profitability can be sustained in upcoming quarters.

The company's performance in the context of broader industry trends and its strategies for growth and efficiency improvements will be key areas of focus as IG Petrochemicals moves forward in the fiscal year.

IG Petrochemicals Limited (IGPL) has announced significant strategic moves, including a substantial investment in its biofuels subsidiary and an extension of its plasticizer plant completion timeline.

Investment in I G Biofuels

The Board of Directors of IGPL has approved an investment of up to ₹100.00 crore in I G Biofuels Limited (IGBL), a wholly-owned subsidiary. This decision marks a significant step towards diversifying the company's portfolio and exploring opportunities in the biofuels sector.

Key points of the investment include:

• IGPL will acquire 700 shares of IGBL at face value (₹10.00 per share) from existing individual shareholders, making IGBL a wholly-owned subsidiary.
• The investment of up to ₹100.00 crore will be used to explore future opportunities in biofuels and compressed bio-gas production.
• IGBL may pursue these opportunities either directly or through collaborations with suitable joint venture partners.

Plasticizer Plant Timeline Extension

In another development, IGPL has extended the completion timeline for its plasticizer plant to March 2026. This extension suggests a recalibration of the company's expansion plans.

Board Appointment

The company has also strengthened its leadership by appointing Shri Sanjoy Datta as a Non-Executive Independent Director. Datta brings over 36 years of experience in financial services, consulting, and corporate leadership across India and the Asia Pacific region. His appointment is subject to shareholder approval and is effective from November 3, 2025, for a term of five years.

Financial Performance

While the company did not release detailed financial results in this announcement, the investment in biofuels and the extension of the plasticizer plant timeline indicate IGPL's focus on long-term growth and diversification strategies.

These strategic moves by IG Petrochemicals reflect the company's efforts to expand its footprint in the renewable energy sector while managing its existing petrochemical operations. The investment in biofuels aligns with the growing global emphasis on sustainable energy solutions.