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IG Petrochemicals Ltd Q1FY24; 56% fall in Profits

IG 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 Q1FY24 of ₹555.00 Crores down from ₹660.00 Crore year on year, a fall of 15.91%.
  • Total Expenses for Q1FY24 of ₹514.00 Crores down from ₹556.00 Crores year on year, a fall of 7.55%.
  • Consolidated Net Profit of ₹36.00 Crores down 55.56% from ₹81.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹11.58, down 56.14% from ₹26.40 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

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