IG Petrochemicals Reports Sharp Decline in Q1 Profitability, Extends Timeline for Plasticizer Plant
IG Petrochemicals Ltd (IGPL) reported a significant decline in Q1 financial performance. Revenue decreased by 19.7% to ₹470.05 crore, while EBITDA fell by 96.4% to ₹2.20 crore. The company's net loss reduced to ₹8.20 crore from ₹35.40 crore in the previous year. IGPL also announced the liquidation of its Dubai subsidiary, IGPL Energy Limited, and extended the completion timeline for its plasticizer plant project to December 2025.
11Aug 25
IG Petrochemicals to Wind Up Dubai Subsidiary and Delays Plasticizer Plant Completion
IG Petrochemicals Ltd (IGPL) has decided to liquidate its Dubai subsidiary, IGPL Energy Limited, due to inactivity since its December 2023 incorporation. The company also delayed the completion of its plasticizer plant to December 2025. IGPL reported a challenging Q1 FY2026, with revenue dropping 19.67% year-over-year to Rs. 47,004.63 lakhs and a net loss of Rs. 821.41 lakhs, compared to a profit of Rs. 3,543.28 lakhs in Q1 FY2025.
21Jul 25
Mangalore Refinery Shares Plunge 8% on Q1 Loss of Rs 271.97 Crore
IG Petrochemicals' shares fell over 8% to Rs 136.77 after reporting a standalone loss of Rs 271.97 crore for Q1. Revenue declined 29% to Rs 17,356.00 crore, and operating income dropped 84% to Rs 180.00 crore. The company attributed poor performance to an extended refinery shutdown and declining exports. Despite the setback, the stock has gained 35% over the past year and 6% year-to-date.
18Jul 25
Mangalore Refinery Reports Rs 271.97 Crore Loss in Q1, Revenue Grows 24% YoY
IG Petrochemicals posted a standalone loss of Rs 271.97 crore for Q1, contrasting with a profit of Rs 363.4 crore in the same quarter last year. Revenue increased by 24% YoY to Rs 17,356.2 crore, but operating income fell 84% to Rs 179.6 crore. EBITDA margin remained flat at 1%. The company's stock closed 1.16% higher at Rs 149.21 on NSE, despite a 34.88% decline over the past year. Analyst recommendations are mixed, with an average price target of Rs 135.75.
20May 25
I G Petrochemicals Reports Q4 Profit Surge, Announces Dividend and New Project
I G Petrochemicals reported a net profit of ₹210.00 million for the latest quarter, a 128% increase year-over-year. Revenue declined 13.36% to ₹4.80 billion. The company recommended a dividend of ₹10.00 per equity share and approved a new project for pyrolysis oil production.
19May 25
I G Petrochemicals Approves Pyrolysis Oil Project, Declares Dividend, and Reports Q4 EBITDA Growth
I G Petrochemicals has approved a new pyrolysis oil production project, declared a ₹10.00 per share dividend, and reported impressive Q4 results. The company's EBITDA increased by 87.30% year-over-year to ₹489.00 million, with EBITDA margin expanding from 4.71% to 10.18%.
13Mar 25
I G Petrochemicals Announces Virtual Analyst and Investor Meeting
I G Petrochemicals Ltd (IGPL) has announced a virtual meeting with analysts and investors on March 19, 2025, from 4:00 PM to 5:00 PM. The company aims to discuss publicly available information, emphasizing that no unpublished price sensitive information will be shared. This meeting, compliant with SEBI regulations, demonstrates IGPL's commitment to transparent stakeholder communication.