I G Petrochemicals' Q1 FY 2025-26 Quarterly Results

Result Summary

• I G Petrochemicals Ltd reported a 14.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 19.2%.
• Its expenses for the quarter were down by 10.2% QoQ and 9.7% YoY.
• The net profit decreased 243.7% QoQ and decreased 137.1% YoY.
• The earnings per share (EPS) of I G Petrochemicals Ltd declined at 4.2 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

I G Petrochemicals Ltd is a leading player in the petrochemical industry, primarily engaged in the manufacturing of Phthalic Anhydride (PAN). This chemical is widely used in the production of plasticizers, unsaturated polyester resins, and alkyd resins, which are essential components in various industrial applications, including construction, automotive, and consumer goods. As one of the largest producers of PAN in India, the company has established a strong market presence through its extensive distribution network and focus on quality production. In recent developments, the company has been working towards expanding its production capacities and enhancing its operational efficiencies to meet the rising demand in both domestic and international markets. However, specific recent developments regarding strategic initiatives or changes in business operations are not available in the given data.

Revenue

In Q1 FY26, I G Petrochemicals Ltd reported total income of ₹480.06 crores. This marks a decline of 14.8% from the previous quarter, Q4 FY25, where the total income was ₹563.24 crores. When compared to the same quarter in the previous year, Q1 FY25, the total income decreased by 19.2% from ₹594.37 crores. The decline in total income both sequentially and year-over-year highlights a reduction in revenue generation for the company during this period. The reasons for this decline in revenue are not detailed in the provided data, and additional context regarding market conditions or company-specific factors would be required to fully understand the underlying causes.

Profitability

The profitability metrics for I G Petrochemicals Ltd in Q1 FY26 indicate a challenging period. The company reported a loss before tax of ₹15.59 crores, compared to a profit before tax of ₹11.25 crores in Q4 FY25. This represents a quarter-over-quarter decrease of 238.6%. On a year-over-year basis, the profit before tax decreased by 134.4% from a profit of ₹45.34 crores in Q1 FY25. The net loss after tax for Q1 FY26 was ₹12.99 crores, in contrast to a net profit after tax of ₹9.04 crores in Q4 FY25 and ₹35.02 crores in Q1 FY25, reflecting declines of 243.7% QoQ and 137.1% YoY, respectively. The earnings per share also saw a significant drop to -₹4.20 in Q1 FY26 from ₹2.90 in Q4 FY25 and ₹11.40 in Q1 FY25, a decrease of 244.8% QoQ and 136.8% YoY.

Operating Metrics

The total expenses for I G Petrochemicals Ltd in Q1 FY26 amounted to ₹495.66 crores, which is a decrease of 10.2% from ₹552.00 crores in Q4 FY25. Compared to Q1 FY25, where total expenses were ₹549.04 crores, there is a 9.7% reduction. Despite the reduction in expenses, the company reported a loss for the quarter, indicating that the reduction in income was more significant than the decrease in expenses. The financial data suggests that both the quarter-over-quarter and year-over-year performance in terms of operational efficiency have been impacted. However, specific operational metrics such as production volumes, capacity utilization, or cost management strategies are not detailed in the provided information.