I G Petrochemicals' Q2 FY 2025-26 Quarterly Results

Result Summary

• I G Petrochemicals Ltd reported a 1.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 19.8%.
• Its expenses for the quarter were down by 4.7% QoQ and 14.5% YoY.
• The net profit decreased 84.6% QoQ and decreased 107.6% YoY.
• The earnings per share (EPS) of I G Petrochemicals Ltd declined at 0.65 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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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 prominent player in the chemical industry, primarily engaged in the production of phthalic anhydride, which is a crucial raw material used in the manufacture of plasticizers, unsaturated polyester resins, and alkyd resins. As a significant contributor to the petrochemical sector, the company has established itself as one of the leading producers in India. Recent developments in the industry might include fluctuations in raw material prices, environmental regulations, and demand-supply dynamics, although specific recent events for I G Petrochemicals Ltd are not available from the provided data.

Revenue

In the second quarter of the fiscal year 2026, I G Petrochemicals Ltd reported a total income of ₹470.91 crores. This marks a decline of 1.9% compared to the previous quarter (Q1FY26), where the total income was ₹480.06 crores. Year-over-year, the total income decreased by 19.8% from ₹587.02 crores in Q2FY25. This decline could be attributed to various factors such as market conditions, changes in demand, or pricing strategies, but specific reasons are not determined from the data provided.

Profitability

The analysis of profitability for I G Petrochemicals Ltd reveals that the company reported a loss before tax of ₹1.42 crores in Q2FY26, a significant reduction from the loss of ₹15.59 crores in the previous quarter. However, when compared to the profit before tax of ₹34.29 crores in the same quarter of the previous fiscal year, the data shows a drastic year-over-year downturn. The tax component for Q2FY26 was ₹0.59 crores, compared to a tax credit of ₹2.60 crores in Q1FY26 and a tax expense of ₹8.11 crores in Q2FY25. Consequently, the profit after tax was a loss of ₹2.00 crores in Q2FY26, which represents an improvement from a loss of ₹12.99 crores in Q1FY26 but a significant decline from a profit of ₹26.17 crores in Q2FY25.

Operating Metrics

Examining the operating metrics, the company experienced a decrease in total expenses, which amounted to ₹472.33 crores in Q2FY26. This is a reduction of 4.7% from the previous quarter's expenses of ₹495.66 crores and a 14.5% decrease from the expenses of ₹552.73 crores in the same quarter of the previous year. Additionally, the earnings per share (EPS) for Q2FY26 stood at a negative ₹0.65, an improvement from the negative ₹4.22 in Q1FY26 but a decline from the positive ₹8.50 in Q2FY25. These metrics highlight changes in operational efficiency and cost management, although specific reasons for these changes are not detailed in the data provided.