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I G Petrochemicals Ltd Q2FY24; 82% fall in Profits

I G Petrochemicals Ltd, incorporated in 1988, manufactures Phthalic Anhydride (PAN), Maleic Anhydride (MAN) and Benzoic Acid which are used in manufacturing of dyes, polyester resins etc.

Financial Results:

  • I G Petrochemicals Ltd reported Revenues for Q2FY24 of ₹502.00 Crores down from ₹569.00 Crore year on year, a fall of 11.78%.
  • Total Expenses for Q2FY24 of ₹496.00 Crores down from ₹501.00 Crores year on year, a fall of 1.0%.
  • Consolidated Net Profit of ₹10.00 Crores down 81.82% from ₹55.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹3.27, down 81.81% from ₹17.98 in the same quarter of the previous year.

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